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4-Traders Homepage  >  Equities  >  Nyse  >  OMNOVA Solutions Inc.    OMN

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OMNOVA SOLUTION : OMNOVA Solutions Announces Price Increase for PLIOCORD VP Latex

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06/23/2011 | 09:55pm CET

Villejust, France

NYSE: OMN 

VILLEJUST, FRANCE, June 23, 2011 - OMNOVA Solutions announces a price increase of up to 5% for Pliocord® vinyl pyridine latex, effective July 1, 2011.  The action is necessitated by continuing escalation in the costs of key raw materials. 

OMNOVA Solutions is a technology-based company with 2010 pro forma sales (including its recent ELIOKEM acquisition) of over US$1.1 billion and a global workforce of approximately 3,000.  OMNOVA Solutions is an innovator of emulsion polymers, specialty chemicals and decorative and functional surfaces for a variety of commercial, industrial and residential end uses.  Visit OMNOVA Solutions at www.omnova.com or www.eliokem.com.

# # #

Contact: Liliane Perez

Performance Chemicals

+33-1-69-29-27-87

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Financials ($)
Sales 2016 761 M
EBIT 2016 55,3 M
Net income 2016 -
Debt 2016 280 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017 15,83
EV / Sales 2016 0,93x
EV / Sales 2017 0,86x
Capitalization 429 M
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 10,8 $
Spread / Average Target 13%
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NameTitle
Kevin M. McMullen Chairman, President & Chief Executive Officer
Paul F. DeSantis Chief Financial Officer & Senior Vice President
Douglas E. Wenger Chief Information Officer & Senior Vice President
David J. D'Antoni Independent Director
Steve W. Percy Independent Director
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