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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. 

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