OMNOVA Solutions loss per share $0.25Staff Writer | February 2, 2017
OMNOVA Solutions reported that loss per share (EPS) in the fourth quarter of 2016 was $0.25, compared to a loss of $0.43 in the 2015 fourth quarter.
OMNOVA Solutions For the full year 2016, EPS was a loss of $0.01
Performance Chemicals' segment operating profit for the quarter was $13.5 million, compared with a loss of $11.5 million in the 2015 fourth quarter.
Adjusted Segment Operating Profit rose 3.5%, to $14.7 million. This was Performance Chemicals' seventh consecutive quarter of year-over-year improvement in Adjusted Segment Operating Profit.
Volume in the quarter for Performance Chemicals' specialty businesses was up 4.8%, the second quarter in a row of year-over-year specialty volume improvement.
Strong earnings and cash flow led to the continued reduction in net leverage as net debt-to-trailing twelve month Adjusted EBITDA impr
For the full year 2016, EPS was a loss of $0.01, compared to a loss of $0.39 last year. For the full year 2016, Adjusted EPS was $0.50, up 39% from last year's $0.36. ■