OMNOVA Solutions Inc. (OMN) Reports Results for Fourth Fiscal Quarter
OMNOVA Solutions Inc. reported financial and operating results for the fourth quarter of fiscal 2010. The company saw higher overall revenues and record operating profit in its Performance Chemicals Segment. OMNOVA Solutions Inc. reported adjusted net income of $8.2 million, or $0.18 per diluted share, in the quarter ending November 30, 2010. The company reported adjusted net income of $11.5 million, or $0.26 per diluted share, in the same quarter of 2009. OMNOVA Solutions Inc. said that the reported adjusted net income amount for the fourth quarter contains several unusual items. These include acquisition expenses and the reversal of a…