Omnova sales, earnings improve

Fairlawn, Ohio –Omnova Solutions Inc. rebounded from a loss in 2004′s third quarter and recorded a profit for the like period in 2005 on a slight boost in sales.

The company had net income of $1.4 million for the quarter compared with a net loss of $4.2 million in last year’s third period. Sales increased 2.3 percent to $207 million.

The earnings improvement in 2005 was impacted by restructuring and severance charges of $600 000 primarily related to work force reductions in the company’s operations in the…

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