OM Group falls short of estimates as volumes, prices decline

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?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers