Key Developments: OMNOVA Solutions Inc (OMN)

OMN on New York Consolidated

7.20USD
24 May 2013
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Latest Key Developments (Source: Significant Developments)

OMNOVA Solutions Inc Comments On FY 2013 Earnings Guidance
Wednesday, 3 Apr 2013 07:00am EDT 

OMNOVA Solutions Inc announced that it had recent new business commitments from customers and are seeing encouraging signs from key end markets in which it is well positioned such as housing, oil and gas exploration, personal hygiene and transportation. As a result, the Company expects fiscal 2013 Adjusted Income from Continuing Operations will exceed last year's performance. The Company reported EPS of $0.63 in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.68 for fiscal 2013.  Full Article

OMNOVA Solutions Inc Comments On FY 2013 Earnings Guidance-Conference Call
Tuesday, 22 Jan 2013 04:00pm EST 

OMNOVA Solutions Inc announced that it believes that a combination of recent new business wins, targeted investments; and profit improvement actions taken and encouraging market developments will deliver continued growth in earnings in fiscal 2013 as compared to 2012. The Company reported EPS of $0.63 in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.77 for fiscal 2013.  Full Article

OMNOVA Solutions Sells U.K.-Based Muraspec Wallcovering Business To a2e Venture Catalysts Limited
Tuesday, 6 Mar 2012 05:30pm EST 

OMNOVA Solutions announced that it has sold its U.K.-based Muraspec commercial wallcovering business to affiliates of a2e Venture Catalysts Limited, and its principal Amin Amiri based in Manchester, United Kingdom. Muraspec produces and distributes wallcoverings and other interior surfacing products, primarily to commercial markets in the U.K., Europe and the Middle East. This stock transaction involves the entire Muraspec business including all brands, a plant in Kent, U.K., a design and distribution center outside London, plus sales offices in Paris, Warsaw and Dubai. Muraspec has approximately $40 million in sales. OMNOVA operated Muraspec as a stand-alone business. Under key terms of the transaction, OMNOVA will receive approximately USD7.0 million in cash and notes.  Full Article

OMNOVA Solutions Sells North American Commercial Wallcovering Assets to J. Josephson
Tuesday, 13 Dec 2011 01:05pm EST 

OMNOVA Solutions announced that it has sold certain assets of its North American commercial wallcovering business to J. Josephson, Inc., a private commercial wallcovering producer based in New Jersey. The sale includes printing cylinders, certain equipment, trademarks, contracts and other assets associated with OMNOVA's domestically-produced commercial wallcovering brands. The sale excludes OMNOVA's Columbus, Mississippi manufacturing facility. OMNOVA's North American wallcoverings, with approximately $29 million in sales, are sold through distributors into various commercial markets including hospitality, corporate office, healthcare, retail and education. Under the agreement, OMNOVA will continue to manufacture commercial wallcovering products for J. Josephson for a period of approximately 12 to 15 months as part of an orderly transition of production from OMNOVA's Columbus, Mississippi plant to the J. Josephson plant in South Hackensack, New Jersey.  Full Article

OMNOVA Solutions Sees FY 2011 EPS Guidance At High End Of Prior Range
Tuesday, 27 Sep 2011 05:00pm EDT 

OMNOVA Solutions announced that previously, the Company had provided guidance for fiscal 2011 and expected adjusted diluted earnings per share (EPS) to be between $0.40-$0.44. Based on the current outlook, the Company expects to be at the top of that range. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.40 for fiscal 2011.  Full Article

OMNOVA Solutions Lowers FY 2011 EPS Guidance
Tuesday, 30 Aug 2011 05:15pm EDT 

OMNOVA Solutions announced that for fiscal 2011, it expects adjusted diluted earnings per share (EPS) to be between $0.40-$0.44, as compared to its prior estimate of approximately $0.60. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.59 for fiscal 2011.  Full Article

OMNOVA Solutions Lowers FY 2011 EPS Guidance-Conference Call
Wednesday, 6 Jul 2011 03:00am EDT 

OMNOVA Solutions announced that for fiscal 2011, it is reducing earnings per share (EPS) guidance from continuing operations to $0.60 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.60 for fiscal 2011.  Full Article

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