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Omnova’s Q4 Profits Improve
12:13 PM MST | January 15, 2008 | CW Editorial Staff
Omnova Solutions reported fourth-quarter income from continuing operations of $3.4 million, compared to a loss from continuing operations of $700,000 in the fourth quarter of 2006. Sales rose 11%, to $195.9 million. Omnova’s performance chemicals business posted a slight decline in operating profits due to higher raw material costs. Sales rose 13.6%, however, to $126.4 million, on volume growth and favorable currency exchange. The company’s decorative coatings business posted a rise in profits, due mainly to higher selling prices. Sales rose 7%, to...
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