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Omnova: Fiscal 4Q Earnings Snapshot

BEACHWOOD, Ohio (AP) _ Omnova Solutions Inc. (OMN) on Thursday reported fiscal fourth-quarter net income of $6.9 million, after reporting a loss in the same period a year earlier.

The Beachwood, Ohio-based company said it had net income of 15 cents per share. Earnings, adjusted for non-recurring costs, were 17 cents per share.

The chemical maker posted revenue of $191.3 million in the period.

For the year, the company reported net income of $20.7 million, or 46 cents per share, swinging to a profit in the period. Revenue was reported as $769.8 million.

Omnova shares have risen 19 percent since the beginning of the year. The stock has dropped almost 9 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OMN at https://www.zacks.com/ap/OMN