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OMNOVA Solutions Inc (OMN.N)

OMN.N on New York Stock Exchange

10.25USD
25 Sep 2018
Change (% chg)

$0.30 (+3.02%)
Prev Close
$9.95
Open
$10.00
Day's High
$10.35
Day's Low
$9.88
Volume
23,514
Avg. Vol
28,885
52-wk High
$11.85
52-wk Low
$8.30

Latest Key Developments (Source: Significant Developments)

Omnova Reports Q1 Earnings Per Share $0.16
Wednesday, 28 Mar 2018 08:00am EDT 

March 28 (Reuters) - Omnova Solutions Inc ::OMNOVA REPORTS 43% YEAR-OVER-YEAR GROWTH IN SPECIALTY SEGMENT PROFITABILITY IN Q1 2018.Q1 ADJUSTED EARNINGS PER SHARE $0.09.Q1 EARNINGS PER SHARE $0.16.Q1 SALES $178.7 MILLION VERSUS I/B/E/S VIEW $174.7 MILLION.Q1 EARNINGS PER SHARE VIEW $0.06 -- THOMSON REUTERS I/B/E/S.‍"FOR 2018 OUR GUIDANCE REMAINS UNCHANGED"​.  Full Article

OMNOVA Reports 5.1 Pct Volume Growth In Specialties For Q4 2017 And 3.5 Pct For Full Year 2017
Wednesday, 31 Jan 2018 08:15am EST 

Jan 31 (Reuters) - Omnova Solutions Inc ::OMNOVA REPORTS 5.1% VOLUME GROWTH IN SPECIALTIES FOR Q4 2017 AND 3.5% FOR FULL YEAR 2017, AS THE COMPANY'S STRATEGY GAINS MOMENTUM.Q4 ADJUSTED EARNINGS PER SHARE $0.10.Q4 LOSS PER SHARE $2.10.Q4 EARNINGS PER SHARE VIEW $0.14 -- THOMSON REUTERS I/B/E/S.NET SALES FOR Q4 WERE $186.3 MILLION, APPROXIMATELY EVEN WITH LAST YEAR'S $187 MILLION.FOR 2018, CO IS EXPECTING ITS FOURTH CONSECUTIVE YEAR OF GROWTH IN ADJUSTED EARNINGS PER SHARE.‍OMNOVA EXPECTS DURING Q1 OF 2018 TO INCUR A ONE-TIME TAX BENEFIT AS A RESULT OF RECENT TAX REFORM​.OMNOVA SOLUTIONS - DOES NOT EXPECT NEW TAX LAW REGARDING TRANSITION TAX TO HAVE MATERIAL IMPACT ON CO'S FINANCIALS.PAPER COATINGS BUSINESS' 2018 CONTRIBUTION TO PROFITABILITY IS EXPECTED TO DECLINE BY APPROXIMATELY $3 - $4 MILLION.IN Q4 OF 2017, COMPANY RECORDED NON-CASH CHARGES OF $76 MILLION FOR WRITE DOWN OF DEFERRED TAX ASSETS.OMNOVA -TAKING INTO ACCOUNT COST REDUCTIONS,PAPER COATINGS BUSINESS' 2018 CONTRIBUTION TO CO'S PROFITABILITY EXPECTED TO DECLINE BY ABOUT $3 - $4 MILLION.BY YEAR END 2018, ANTICIPATE THAT PAPER COATINGS WILL CONSTITUTE APPROXIMATELY 6%-7% OF REVENUE.  Full Article

Omnova Solutions Says Informed Jay Austin That Position Of Senior VP, Global Operations & Supply Chain Eliminated​
Friday, 12 Jan 2018 04:48pm EST 

Jan 12 (Reuters) - Omnova Solutions Inc ::OMNOVA SOLUTIONS SAYS‍ INFORMED JAY T. AUSTIN THAT POSITION OF SENIOR VP, GLOBAL OPERATIONS & SUPPLY CHAIN ELIMINATED​ - SEC FILING.  Full Article

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

BRIEF-Omnova Reports Q1 Earnings Per Share $0.16

* OMNOVA REPORTS 43% YEAR-OVER-YEAR GROWTH IN SPECIALTY SEGMENT PROFITABILITY IN Q1 2018