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…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with