in this issue
Markets :: Specialty Chemicals :: Textile chemicals
Omnova earnings fall short of estimates as sales decline
11:38 AM MST | January 22, 2013 | Vincent Valk
Omnova’s fiscal fourth-quarter net income from continuing operations fell 81% year-on-year (YOY), to $1.2 million, the company says. This excludes Omnova’s wall covering business, which the company exited in 2011, as well as losses resulting from the closure of a Mississippi manufacturing plant in 2012. Including these items, Omnova swung to a $700,000 profit from a loss of $10.4 million in the year-ago period. Omnova’s fiscal fourth-quarter ended on 30 November 2012. Adjusted income from contuing operations totaled 7 cts/share, well short of...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee