OMNOVA Reports 5.1 Pct Volume Growth In Specialties For Q4 2017 And 3.5 Pct For Full Year 2017 [Reuters]
OMNOVA SOLUTIONS (OMN)
Last omnova solutions earnings: 1/31 01:28 pm
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Source: Reuters
OMNOVA Solutions Inc (OMN.N) Key Developments | Reuters.com Jan 31 (Reuters) - Omnova Solutions Inc ::OMNOVA REPORTS 5.1% VOLUME GROWTH IN SPECIALTIES FOR Q4 2017 AND 3.5% FOR FULL YEAR 2017, AS THE COMPANY'S STRATEGY GAINS MOMENTUM.Q4 ADJUSTED EARNINGS PER SHARE $0.10.Q4 LOSS PER SHARE $2.10.Q4 EARNINGS PER SHARE VIEW $0.14 -- THOMSON REUTERS I/B/E/S.NET SALES FOR Q4 WERE $186.3 MILLION, APPROXIMATELY EVEN WITH LAST YEAR'S $187 MILLION.FOR 2018, CO IS EXPECTING ITS FOURTH CONSECUTIVE YEAR OF GROWTH IN ADJUSTED EARNINGS PER SHARE.?OMNOVA EXPECTS DURING Q1 OF 2018 TO INCUR A ONE-TIME TAX BENEFIT AS A RESULT OF RECENT TAX REFORM?.OMNOVA SOLUTIONS - DOES NOT EXPECT NEW TAX LAW REGARDING TRANSITION TAX TO HAVE MATERIAL IMPACT ON CO'S FINANCIALS.PAPER COATINGS BUSINESS' 2018 CONTRIBUTION TO PROFITABILITY IS EXPECTED TO DECLINE BY APPROXIMATELY $3 - $4 MILLION.IN Q4 OF 2017, COMPANY RECORDED NON-CASH CHARGES OF $76 MILLION FOR WRITE DOWN OF DEFERRED TAX ASSETS.OMNOVA -TAKING INTO ACCOUNT CO
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