in this issue
Regions :: North America :: U.S.
OM Group falls short of estimates as volumes, prices decline
9:58 AM MST | November 9, 2012 | Vincent Valk
OM Group today reported adjusted earnings of 25 cts/share, 32% below analyst’s consensus estimate of 37 cts/share, as reported by Thomson Reuters (New York). The company, however, swung to a profit of $5.51 million from a loss of $68.3 million in the year-ago quarter. Year-ago results, however, were significantly impacted by charges related to the acquisition of magnetics firm VAC Holdings. Sales were down 4.9% year-on-year (YOY), to $394.7 million, as weak end market conditions impacted many of OM Group’s businesses. Lower sales volumes in...
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