Last $8.16 USD
Change Today +0.01 / 0.12%
Volume 74.8K
OMN On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

omnova solutions inc (OMN) Snapshot

Open
$8.14
Previous Close
$8.15
Day High
$8.23
Day Low
$8.10
52 Week High
03/26/14 - $11.03
52 Week Low
10/10/14 - $5.15
Market Cap
382.6M
Average Volume 10 Days
77.2K
EPS TTM
$0.26
Shares Outstanding
46.9M
EX-Date
07/13/01
P/E TM
31.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for OMNOVA SOLUTIONS INC (OMN)

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omnova solutions inc (OMN) Details

OMNOVA Solutions Inc. provides emulsion polymers, specialty chemicals, and engineered surfaces for various commercial, industrial, and residential end uses in North America, Europe, and Asia. The company operates in two segments, Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based primarily on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemicals, and bio-based chemistries. Its custom-formulated products include tailored resins, binders, adhesives, specialty rubbers, antioxidants, hollow plastic pigments, and elastomeric modifiers, which are used in paper, specialty coatings, carpets, nonwovens, construction, oil/gas drilling and recovery, adhesives, tapes, tire cords, floor care, textiles, graphic arts, polymer stabilization, industrial rubbers and hoses, bio-based polymers, and other specialty applications. This segment primarily sells its products directly to manufacturers. The Engineered Surfaces segment develops, designs, produces, and markets a line of engineered surfacing products, including coated fabrics, vinyl, paper and specialty laminates, and industrial films. Its products are used in various applications, such as commercial building refurbishment, remodeling, and new construction; residential cabinets, flooring, ceiling tiles, and furnishings; retail display; office furniture; transportation markets; recreational vehicles; manufactured housings; and various performance film applications. This segment distributes its products primarily through a direct sales force and agents to manufacturers of cabinets, furniture, seating and health care components, and other products. OMNOVA Solutions Inc. was founded in 1999 and is headquartered in Beachwood, Ohio.

2,300 Employees
Last Reported Date: 01/23/15
Founded in 1999

omnova solutions inc (OMN) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $769.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $217.0K
Chief Human Resources Officer and Senior Vice...
Total Annual Compensation: $275.0K
Senior Vice President of Corproate Developmen...
Total Annual Compensation: $355.0K
Vice President of Global Sourcing and Logisti...
Total Annual Compensation: $283.7K
Compensation as of Fiscal Year 2014.

omnova solutions inc (OMN) Key Developments

OMNOVA Solutions, Barington Reach Agreement on Annual Shareholder Meeting on Board Members Nomination

OMNOVA Solutions Inc. and an investor group led by Barington Capital Group, L.P. said they have reached agreement on the annual meeting of shareholders of the company. Under the terms of the agreement, two proposed Barington nominees, James A. Mitarotonda and Joseph M. Gingo, and one proposed OMNOVA nominee, Janet P. Giesselman, will each be nominated by the OMNOVA Board for election at the 2015 annual meeting to an expanded board of directors.

OMNOVA Solutions Inc. Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-23-2015 09:00 AM

OMNOVA Solutions Inc. Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-23-2015 09:00 AM. Venue: Loews Hotel, Miami Beach, Florida, United States.

OMNOVA Solutions Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 30, 2014; Provides Earnings Guidance for the Year 2015

OMNOVA Solutions Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended November 30, 2014. For the quarter, the company's net sales were $243.0 million compared to $234.4 million a year ago. The sales increase was the result of $8.5 million from increased volume and $2.0 million of increased pricing and mix, partially offset by $1.9 million of unfavorable currency translation effects, primarily from a decline of the Euro. Income from continuing operations before income taxes was $1.9 million compared to $9.4 million a year ago. Income from continuing operations was $5.1 million compared to $8.7 million a year ago. Net income was $5.1 million compared to $7.9 million a year ago. Income per share - continuing operations was $0.11 compared to $0.19 a year ago. Basic and diluted income per share was $0.11 compared to $0.17 a year ago. Net cash provided by operating activities was $11.7 million compared to $25.9 million a year ago. Capital expenditures was $10.2 million compared to $11.4 million a year ago. Adjusted income from continuing operations before income taxes was $6.4 million compared to $7.7 million a year ago. Adjusted income from continuing operations was $4.5 million compared to $5.5 million a year ago. Adjusted diluted earnings per share from adjusted income from continuing operations was $0.10 compared to $0.12 a year ago. For the year, the company's net sales were $987.4 million compared to $1,018.1 million a year ago. The increase in net sales compared to the prior year is due to increased volume of $2.4 million or 1.3%, driven primarily by carpet, oil & gas, specialty coatings and nonwovens. Income from continuing operations before income taxes was $11.7 million compared to $26.5 million a year ago. Income from continuing operations was $12.1 million compared to $20.5 million a year ago. Net income was $11.5 million compared to $19.6 million a year ago. Income per share - continuing operations was $0.26 compared to $0.44 a year ago. Basic and diluted income per share was $0.25 compared to $0.42 a year ago. Net cash provided by operating activities was $15.0 million compared to $45.8 million a year ago. Capital expenditures was $29.8 million compared to $28.9 million a year ago. Adjusted income from continuing operations before income taxes was $18.5 million compared to $33.2 million a year ago. Adjusted income from continuing operations was $13.0 million compared to $23.2 million a year ago. Adjusted diluted earnings per share from adjusted income from continuing operations was $0.28 compared to $0.50 a year ago. EBITDA was $79.4 million compared to $92.0 million a year ago. Adjusted EBITDA was $85.2 million compared to $97.0 million a year ago. Despite considerable uncertainty in the general economy and OMNOVA's end markets, for full year 2015 the company expects its strategic action plan to result in adjusted segment operating profit growth. The company expects that headwinds early in the year from unfavorable inventory valuation adjustments related to continuing raw material price reductions and uncertainty in oil and gas demand will be offset over the remainder of the year by continued profit growth in engineered surfaces and other specialty lines of business, the benefits from the Akron production plant closure, and modest profitability growth in its traditional core businesses. Additionally, the company expects approximately $4.0 million of interest expense savings resulting from the November 2014 partial retirement. Overall, the company is expecting significant growth in adjusted diluted earnings per share in fiscal 2015.

 

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Industry Analysis

OMN

Industry Average

Valuation OMN Industry Range
Price/Earnings 31.7x
Price/Sales 0.4x
Price/Book 2.6x
Price/Cash Flow 8.7x
TEV/Sales NM Not Meaningful
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