Last $7.88 USD
Change Today +0.26 / 3.41%
Volume 122.3K
OMN On Other Exchanges
Symbol
Exchange
New York
As of 4:15 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

omnova solutions inc (OMN) Snapshot

Open
$7.61
Previous Close
$7.62
Day High
$7.91
Day Low
$7.56
52 Week High
03/26/14 - $11.03
52 Week Low
10/10/14 - $5.15
Market Cap
373.7M
Average Volume 10 Days
169.5K
EPS TTM
$0.30
Shares Outstanding
47.4M
EX-Date
07/13/01
P/E TM
26.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for OMNOVA SOLUTIONS INC (OMN)

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omnova solutions inc (OMN) Details

OMNOVA Solutions Inc. provides emulsion polymers, specialty chemicals, and engineered surfaces for various commercial, industrial, and residential end uses primarily in North America, Europe, and Asia. The company operates in two segments, Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment offers a range of emulsion polymers and specialty chemicals based primarily on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemicals, and bio-based chemistries. Its custom-formulated products include tailored resins, binders, adhesives, specialty rubbers, antioxidants, hollow plastic pigments, and elastomeric modifiers, which are used in paper, specialty coatings, carpets, nonwovens, construction, oil/gas drilling and recovery, adhesives, tapes, tire cords, floor care, textiles, graphic arts, polymer stabilization, industrial rubbers and hoses, bio-based polymers, and other specialty applications. This segment primarily sells its products directly to manufacturers. The Engineered Surfaces segment develops, designs, produces, and markets a line of engineered surfacing products, including coated fabrics, vinyl, paper and specialty laminates, and industrial films. Its products are used in various applications, such as commercial building refurbishment, remodeling, and new construction; residential cabinets, flooring, ceiling tiles, and furnishings; retail display; office furniture; transportation markets; recreational vehicles; manufactured housings; medical devices and products; and various industrial film applications. This segment distributes its products primarily through a direct sales force and agents to manufacturers of cabinets, furniture, seating, health care and medical components, and other products. OMNOVA Solutions Inc. was founded in 1999 and is headquartered in Fairlawn, Ohio.

2,300 Employees
Last Reported Date: 09/25/14
Founded in 1999

omnova solutions inc (OMN) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $750.0K
Senior Vice President of Corproate Developmen...
Total Annual Compensation: $343.0K
Vice President of Global Sourcing and Logisti...
Total Annual Compensation: $276.8K
Compensation as of Fiscal Year 2013.

omnova solutions inc (OMN) Key Developments

Barington Capital Group Is Nominating Three Directors to the Board of Chemical Omnova Solutions

US activist investor Barington Capital Group is nominating three directors to the board of chemicals firm OMNOVA Solutions. The move comes after Barington last week called on OMNOVA to change strategies, in particular to sell its surfaces businesses, appoint new independent directors, and to separate the roles of CEO and chairman. The nominations include Joseph Gingo, who will be retiring as CEO of plastic compounds and resins maker A Schulman on 31 December, 2014. The former Goodyear executive took over as CEO of Schulman in 2008 after Barington called for changes at that company.

Barington Capital Urges OMNOVA To Undertake Startegic Review

Barington Capital Group, L.P. sent a letter to Kevin McMullen, the Chairman and Chief Executive Officer of OMNOVA Solutions Inc. (NYSE:OMN), urging the company to undertake a broad strategic review. The letter stated: “The company has approximately $114 million in federal net operating loss carryforwards (NOLs) that could be used to offset the taxable gains related to the sale of U.S. based assets. We therefore recommend that the company retain a financial advisor to undertake a broad strategic review of OMNOVA's portfolio of businesses. We believe that such strategic review should include, among other things, a consideration of the divestiture of the company's Engineered Surfaces business as well as an assessment of potential accretive bolt-on acquisitions that would enhance the company's Performance Chemicals segment.”

OMNOVA Solutions Announces Authorization of Partial Redemption of Its 7.875% Senior Notes Due in 2018

OMNOVA Solutions announced that its board of directors has authorized the use of available cash to redeem $50 million of the $250 million outstanding principal amount of OMNOVA's 7.875% senior notes due in 2018. The notes are available to be called as of November 1, 2014, at a price of 103.938%, plus accrued and unpaid interest.

 

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Industry Analysis

OMN

Industry Average

Valuation OMN Industry Range
Price/Earnings 22.7x
Price/Sales 0.4x
Price/Book 2.0x
Price/Cash Flow 7.4x
TEV/Sales NM Not Meaningful
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