Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $8.17 USD
Change Today -0.20 / -2.39%
Volume 81.8K
OMN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 6:40 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

omnova solutions inc (OMN) Snapshot

Open
$8.37
Previous Close
$8.37
Day High
$8.46
Day Low
$8.01
52 Week High
06/9/14 - $10.07
52 Week Low
10/10/14 - $5.15
Market Cap
382.7M
Average Volume 10 Days
68.7K
EPS TTM
$0.16
Shares Outstanding
46.8M
EX-Date
07/13/01
P/E TM
52.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for OMNOVA SOLUTIONS INC (OMN)

omnova solutions inc (OMN) Related Bloomberg News

View More Bloomberg News

omnova solutions inc (OMN) Related Businessweek News

No Related Businessweek News Found

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.

2,320 Employees
Last Reported Date: 04/8/15
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 Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended February 28, 2015; Reaffirms Earnings Guidance for the Full Year of 2015

OMNOVA Solutions Inc. announced unaudited consolidated earnings results for the first quarter ended February 28, 2015. For the quarter, the company reported total net sales of $206.9 million compared to $225.9 million a year ago. Loss from continuing operations before income taxes was $4.4 million compared to income from continuing operations before income taxes of $2.4 million a year ago. Loss from continuing operations was $3.2 million or $0.07 per basic and diluted share compared to income from continuing operations of $1.4 million or $0.03 per basic and diluted share a year ago. Net loss was $3.2 million or $0.07 per basic and diluted share compared to net income of $1.2 million or $0.03 per basic and diluted share a year ago. Net cash used in operating activities was $7.4 million compared to $16.1 million a year ago. Capital expenditures were $4.5 million compared to $4.7 million a year ago. Adjusted loss from continuing operations before income taxes was $0.9 million compared to adjusted income from continuing operations before income taxes of $3.3 million a year ago. Adjusted loss from continuing operations was $0.6 million or $0.01 per diluted share compared to adjusted income from continuing operations of $2.3 million or $0.05 per diluted share a year ago. First quarter 2015 earnings were adversely impacted year-over-year by an unfavorable net inventory revaluation of $8.8 million, reflecting declining raw material prices on existing inventory. The sales decrease was the result of $12.5 million, or 5.5%, of pricing, primarily driven by contract-based index pricing in certain markets tied to raw material price declines; $4.7 million, or 2.1%, of unfavorable currency translation effects, primarily from the decline of the Euro; and lower sales volume of $1.9 million, or 0.8%, primarily in paper coatings and certain applications in the Company's oil and gas product line. These were partially offset by increasing volumes in laminates, carpet, specialty coatings, nonwovens, tire cord and elastomeric modifiers. The change in cash flows reflects the effect of lower raw material costs and internal initiatives to reduce working capital. The company reaffirmed earnings guidance for the full year of 2015. The company anticipates significant growth in adjusted diluted earnings per share versus 2014 based on continued margin expansion; positive net inventory revaluations, driven by stabilizing raw material costs; volume growth, primarily in higher margin specialty lines of business; and cost reduction initiatives, such as the Akron plant closure and its consolidation into other OMNOVA facilities.

OMNOVA Solutions Inc. to Report Q1, 2015 Results on Apr 08, 2015

OMNOVA Solutions Inc. announced that they will report Q1, 2015 results at 11:00 AM, US Eastern Standard Time on Apr 08, 2015

OMNOVA Solutions Inc., Q1 2015 Earnings Call, Apr 08, 2015

OMNOVA Solutions Inc., Q1 2015 Earnings Call, Apr 08, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
OMN:US $8.17 USD -0.20

OMN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Ferro Corp $12.56 USD -0.06
Kraton Performance Polymers Inc $19.93 USD -0.12
Neenah Paper Inc $61.37 USD -0.17
Schweitzer-Mauduit International Inc $45.12 USD -0.50
Wausau Paper Corp $9.78 USD +0.47
View Industry Companies
 

Industry Analysis

OMN

Industry Average

Valuation OMN Industry Range
Price/Earnings 52.4x
Price/Sales 0.4x
Price/Book 2.9x
Price/Cash Flow 10.3x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact OMNOVA SOLUTIONS INC, please visit www.omnova.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.