Revenue Update on OMNOVA Solutions(NYSE:OMN)

OMNOVA Solutions(NYSE:OMN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jun 29, 2016. Company reported revenue of $202.00M. Analysts estimated a revenue of $205.40M. Earnings per share were $0.18. Analysts had estimated an EPS of $0.14.

OMNOVA Solutions (OMN) made into the market gainers list on Fridays trading session with the shares advancing 3.72% or 0.27 points. Due to strong positive momentum, the stock ended at $7.52, which is also near the day’s high of $7.67. The stock began the session at $7.3 and the volume stood at 4,47,512 shares. The 52-week high of the shares is $7.68 and the 52 week low is $4.37. The company has a current market capitalization of $339 M and it has 4,50,15,462 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 22, 2016, James A Mitarotonda (director) purchased 43,038 shares at $4.84 per share price.Also, On Jan 21, 2016, William R Seelbach (director) purchased 10,000 shares at $4.85 per share price.On Jan 21, 2016, Paul F Desantis (CFO) purchased 2,200 shares at $4.41 per share price, according to the Form-4 filing with the securities and exchange commission.

OMNOVA Solutions Inc. (OMNOVA) is a provider of emulsion polymers specialty chemicals and engineered surfaces for commercial industrial and residential end uses. The Company operates in two segments: Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene (SB) styrene butadiene acrylonitrile (SBA) styrene butadiene vinyl pyridine nitrile butadiene (NBR) polyvinyl acetate acrylic styrene acrylic vinyl acrylic glyoxal fluorochemicals and bio-based chemistries. The Engineered Surfaces segment develops designs produces and markets a line of functional and decorative surfacing products including coated fabrics laminates and industrial films. The Company sells its products directly to manufacturers. The Company has manufacturing facilities located in the United States France China India and Thailand.

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