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OMNOVA Solutions Inc. Message Board

  • marstelz marstelz Mar 25, 2010 1:34 PM Flag

    Did Anyone Catch the Conference Call? Ej?

    I was just wondering if any thing was said about the upcoming year. This has been a great stock and I am assuming it will continue because of the management and strategy.

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    • Yes I did. I need to listen a few more times but here are some key points.

      1.) rapid growth in asian automotive, healthcare, and chemical business was seen last quarter and will get better and better.
      2.) He commented on 2010 earnings growth being significantly better than 2009 and that the economy was improving
      3.) New products and business has picked up very well. Also, they will be expanding their Asian business even more.

      4.) He commented on wallpaper business being weak, however when that picks up things will even get better.

      Overall, the CC went very well and they all sounded confident. If you take their net income of 7.8M and average 9M for the next 3 quarters you get a 2010 EPS of 0.78. I think that's the low side. 0.78 for 2010 would be a 30% growth from 2009. I think they end up with mid 80 eps. So far they have destroyed my predictions. So time will tell how well they do. I am very confident going forward in their management. They have come a long way.

 
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