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Last $28.42 USD
Change Today -0.59 / -2.03%
Volume 251.1K
As of 8:04 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

om group inc (OMG) Key Developments

Om Group Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for the Full Year of 2015

OM Group Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net sales were $247.8 million against $261.7 million a year ago. Sales were lower in the 2015 period compared to the same period a year ago due primarily to the unfavorable translation impact of a lower EUR/USD exchange rate. Operating loss was $4.5 million against operating profit of $8.5 million a year ago. Loss from continuing operations before income tax expense was $15.0 million against profit from continuing operations before income tax of $6.7 million a year ago. Loss from continuing operations, net of tax was $11.1 million against income from continuing operations, net of tax of $5.3 million a year ago. Consolidated net loss was $11.0 million or $0.36 per diluted share against consolidated net income of $5.2 million or $0.17 per diluted share a year ago. Loss from continuing operations per common share assuming dilution was $0.37 against income from continuing operations per common share assuming dilution was $0.16 a year ago. Net cash used for operating activities was $15.2 million against $2.8 million a year ago. Expenditures for property, plant and equipment was $4.6 million against $3.2 million a year ago. Adjusted EBITDA was $14.9 million. EBITDA was $26.6 million. Adjusted loss from continuing operations was $5.3 million or $0.18 per diluted share against $5.5 million or $0.17 per diluted share a year ago. Adjusted income from continuing operations - excluding advanced materials was $3.9 million or $0.13 per diluted share against $6.6 million or $0.20 per diluted share a year ago. The company reaffirmed previously-announced forecast of $105 million to $115 million of adjusted EBITDA for the full year 2015. Full year 2015 CapEx continues to be projected at approximately $40 million.

OM Group Seeks Acquisitions

OM Group Inc. (NYSE:OMG) will consider acquisitions. Joe Scaminace, Chairman and Chief Executive Officer of OM Group said, "We continue to pursue complementary acquisitions to build-out our platforms.

OM Group Inc. to Report Q1, 2015 Results on Apr 30, 2015

OM Group Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on Apr 30, 2015

OM Group Inc., Q1 2015 Earnings Call, Apr 30, 2015

OM Group Inc., Q1 2015 Earnings Call, Apr 30, 2015

OM Group, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for 2015

OM Group Inc. announced unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales were $245.4 million against $270.5 million a year ago. Operating loss was $196.0 million against profit of $5.9 million a year ago. Loss from continuing operations, net of tax was $189.0 million against profit of $17.3 million a year ago. Diluted loss per share from continuing operations attributable to OM Group Inc. common stockholders was $6.24 against $0.54 diluted earnings per share a year ago. Net loss attributable to OM Group Inc. common stockholders was $189.0 million or $6.24 diluted per share against profit of $17.2 million or $0.54 diluted per share a year ago. Net cash provided by operating activities was $41.6 million against $33.1 million a year ago. Expenditures for property, plant and equipment were $16.3 million against $24.7 million a year ago. Adjusted EBITDA was $20.2 million against $25.7 million a year ago. Adjusted income from continuing operations attributable to OM Group Inc. common stockholders was $1.2 million or $0.04 diluted per share against $7.7 million or $0.24 diluted per share a year ago. The increase in cash provided by operating activities was driven by a $33 million reduction in net working capital. For the year, the company reported net sales were $1,067.5 million against $1,157.5 million a year ago. Operating loss was $165.1 million against profit of $41.1 million a year ago. Loss from continuing operations, net of tax was $172.3 million against $73.5 million a year ago. Diluted loss per share from continuing operations attributable to OM Group Inc. common stockholders was $5.54 against $2.27 diluted per share a year ago. Net loss attributable to OM Group Inc. common stockholders was $172.6 million or $5.55 diluted per share against $84.0 million or $2.66 diluted per share a year ago. Net cash provided by operating activities was $85.4 million against $62.9 million a year ago. Expenditures for property, plant and equipment were $34.5 million against $53.1 million a year ago. Adjusted EBITDA was $107.8 million against $124.5 million a year ago. Adjusted income from continuing operations attributable to OM Group Inc. common stockholders was $22.4 million or $0.71 diluted per share against $36.4 million or $1.14 diluted per share a year ago. The company recorded a $1.3 million FX loss in the current-year period, mostly due to the declining euro's effect on VAC acquisition holdback. The company is expecting adjusted pro forma EBITDA of $105 million to $115 million in 2015. Ongoing effective income tax rate in 2014 was 23%, in line with expectations and consistent with 2015 expectations of a mid-20's rate.

 

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OMG

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Valuation OMG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.7x
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