OMNOVA Solutions (OMN) Releases Earnings Results, Misses Expectations By $-0.03 EPS

OMNOVA Solutions (OMN) announced its most recent quarterly financial results on Thursday, Sep-22-2016. OMN reported $0.14 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.17. The company posted revenue of $195.60 million in the period, compared to analysts expectations of $195.10 million. OMN’s revenue was down -7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

OMNOVA Solutions closed down -0.17 points or -1.71% at $9.76 with 2,82,180 shares getting traded on Tuesday. Post opening the session at $10, the shares hit an intraday low of $9.68 and an intraday high of $10.025 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jul 15, 2016, Douglas E Wenger (Sr VP & Chief Info Officer) sold 8,671 shares at $9.73 per share price. According to the SEC, on Jan 22, 2016, James A Mitarotonda (director) purchased 43,038 shares at $4.84 per share price. On Jan 21, 2016, William R Seelbach (director) purchased 10,000 shares at $4.85 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.

OMNOVA Solutions

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