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OMNOVA Solutions Inc (OMN.N)

OMN.N on New York Stock Exchange

11.00USD
20 Oct 2017
Change (% chg)

$0.05 (+0.46%)
Prev Close
$10.95
Open
$11.00
Day's High
$11.10
Day's Low
$10.90
Volume
28,992
Avg. Vol
34,718
52-wk High
$11.55
52-wk Low
$7.05

Latest Key Developments (Source: Significant Developments)

Omnova Q3 earnings per share $0.18
Thursday, 28 Sep 2017 07:30am EDT 

Sept 28 (Reuters) - Omnova Solutions Inc :Omnova reports diluted earnings per share increased 80% in 2017 third quarter.Q3 adjusted earnings per share $0.25.Q3 earnings per share $0.18.Q3 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.Q3 sales rose 2.7 percent to $200.9 million.Omnova Solutions - in Q4, co expects to incur a $2-4 million operating profit reduction related to Hurricane Harvey and antioxidant plant start-up issues​.Omnova Solutions - co continues to expect margin expansion from various strategic initiatives & remains on track to deliver adjusted EPS in fiscal 2017​.Omnova solutions-Hurricane Harvey, Irma have significantly affected oil, gas markets co serves, so reduced Q4 2017 sales for co's oil & gas chemicals​.Omnova Solutions Inc - ‍longer term, co does not expect Hurricane Irma and Harvey to unfavorably impact business​.  Full Article

Omnova reports Q2 sales rose 9.6 percent to $221.3 million
Wednesday, 28 Jun 2017 07:30am EDT 

June 28 (Reuters) - Omnova Solutions Inc :Omnova reports growth in specialty businesses in 2017 second quarter.Q2 adjusted earnings per share $0.16.Q2 loss per share $0.14.Q2 earnings per share view $0.16 -- Thomson Reuters I/B/E/S.Q2 sales rose 9.6 percent to $221.3 million.Says company remains on track to deliver adjusted diluted earnings per share growth in fiscal 2017.Omnova Solutions Inc says during second half of fiscal 2017, expects margin expansion from continued value pricing and softening raw material costs.Omnova Solutions Inc- "Considering all options as we proactively address our unprofitable China Coated Fabrics Business".Omnova Solutions Inc - In Q2 of 2017, company recorded an impairment loss of approximately $12.9 million related to China Coated Fabrics.  Full Article

Omnova Solutions Q1 adjusted earnings per share $0.05
Wednesday, 29 Mar 2017 07:30am EDT 

Omnova Solutions Inc : Omnova Solutions continues year-over-year earnings growth in 2017 first quarter . Q1 adjusted earnings per share $0.05 . Q1 earnings per share $0.08 . Q1 earnings per share view $0.05 -- Thomson Reuters I/B/E/S . Says net sales for q1 were $174.6 million, about even with last year's $175.3 million ."Expects adjusted diluted earnings per share growth in fiscal 2017".  Full Article

Omnova Solutions reports Q4 loss per share of $0.25
Wednesday, 1 Feb 2017 07:30am EST 

Omnova Solutions Inc : Omnova Solutions continues year-over-year earnings growth and cash generation in 2016 fourth quarter . Q4 adjusted earnings per share $0.14 . Q4 loss per share $0.25 . Q4 sales $187 million .Q4 earnings per share view $0.14 -- Thomson Reuters I/B/E/S.  Full Article

Omnova announces departure of President, engineered surfaces
Thursday, 26 Jan 2017 04:38pm EST 

Omnova Solutions Inc :Omnova Solutions Inc - informed David Maynard that position of president, engineered surfaces is being eliminated.  Full Article

Omnova solutions says entered into third amended and restated credit agreement-SEC Filing
Friday, 2 Dec 2016 04:15pm EST 

Omnova Solutions Inc : Omnova solutions inc - on november 30, 2016, co entered into a third amended and restated credit agreement-sec filing .Omnova solutions -may request an increase in additional borrowing availability of $50.0 million under agreement upon satisfaction of certain requirements.  Full Article

Omnova Solutions sees $14 mln to $17 mln in expected annual operating savings
Thursday, 6 Oct 2016 09:00am EDT 

Omnova Solutions Inc :Sees $14 million to $17 million in expected annual operating savings in 2017 from restructuring activities - SEC filing.  Full Article

Omnova's qrtly profit misses estimates, sales fall 7.3 pct
Thursday, 22 Sep 2016 07:30am EDT 

Omnova Solutions Continues Year : Over-Year earnings growth in 2016 third quarter, led by increased volumes of over 6% in performance chemicals' specialty businesses . Q3 adjusted earnings per share $0.14 . Q3 earnings per share $0.10 . Q3 sales fell 7.3 percent to $195.6 million . Q3 earnings per share view $0.17 -- Thomson Reuters I/B/E/S . Eps and adjusted EPS for Q3 of 2016 were negatively impacted due to country-wide labor strikes in France earlier in quarter . Continues to expect 2016 to be another year of growth in adjusted earnings per diluted share .EPS and adjusted EPS for Q3 of 2016 were negatively impacted by approximately $0.03.  Full Article

Omnova Solutions-Refinancing of term loan facility & senior revolving credit facility
Monday, 29 Aug 2016 08:45am EDT 

Omnova Solutions Inc : Omnova Solutions reduces financing costs and extends maturity with refinancing of its long term debt . Refinancing is expected to reduce company's interest expense by approximately $2.0 million per year at current interest rates. . Says amendment to company's term loan facility provides for a new 7-year $350 million term loan facility . Announced redemption of its 7.875% senior notes due 2018 on November 1, 2016 . Renewed its senior secured revolving credit facility, extending its termination date from December 2017 to August 2021 . Says borrowings under amended term loan credit facility will initially bear interest at 5.25 percent . Adjusted amounts available for borrowing under credit facility to $90 million .Refinancing of term loan facility and senior revolving credit facility.  Full Article

Omnova Solutions Q2 adjusted EPS $0.18
Wednesday, 29 Jun 2016 07:30am EDT 

Omnova Solutions Inc : Says in June, at beginning of Q3, a national strike in france impacted omnova's primary french butadiene supplier . As a result of this disruption, company expects q3 to have a one-time, unfavorable impact to ebitda of $2 million to $3 million . Says situation is improving, and company currently expects it to be resolved by early july 2016 . Says continues to expect another year of significant growth in adjusted diluted earnings per share . Says overall company volume was down 2.9% for quarter . Omnova solutions continues its trend of significant earnings growth as second quarter 2016 earnings per share expands to $0.16 per diluted share, compared to $0.09 per diluted share last year . Q2 earnings per share $0.16 . Q2 earnings per share view $0.14 -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share $0.18 .Q2 sales fell 8.3 percent to $202 million.  Full Article

BRIEF-Omnova Q3 earnings per share $0.18

* Omnova reports diluted earnings per share increased 80% in 2017 third quarter