OMNOVA Solutions (OMN) reported quarterly earnings results on Wednesday, Jun-29-2016. The company said it had a profit of $0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.14. The company posted revenue of $202.00 million in the period, compared to analysts expectations of $205.40 million. The company’s revenue was down -8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
OMNOVA Solutions closed down -0.1 points or -1.60% at $6.14 with 3,58,860 shares getting traded on Monday. Post opening the session at $6.2, the shares hit an intraday low of $5.95 and an intraday high of $6.21 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jan 22, 2016, James A Mitarotonda (director) purchased 43,038 shares at $4.84 per share price. According to the SEC, on Jan 21, 2016, William R Seelbach (director) purchased 10,000 shares at $4.85 per share price. On Jan 21, 2016, Paul F Desantis (CFO) purchased 2,200 shares at $4.41 per share price, according to the Form-4 filing with the securities and exchange commission.
OMNOVA Solutions Inc. (OMNOVA) is a provider of emulsion polymers specialty chemicals and engineered surfaces for commercial industrial and residential end uses. 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 on styrene butadiene (SB) styrene butadiene acrylonitrile (SBA) styrene butadiene vinyl pyridine nitrile butadiene (NBR) polyvinyl acetate acrylic styrene acrylic vinyl acrylic glyoxal fluorochemicals and bio-based chemistries. The Engineered Surfaces segment develops designs produces and markets a line of functional and decorative surfacing products including coated fabrics laminates and industrial films. The Company sells its products directly to manufacturers. The Company has manufacturing facilities located in the United States France China India and Thailand.