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OMN $10.14

OMN target price
10.14
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0
OMNOVA Solutions
Type
Public
Traded as NYSE: OMN
Industry Specialty Chemicals
Founded 1999
Headquarters Beachwood, Ohio, United States
Key people
Anne Noonan (President & CEO); Paul DeSantis (CFO)
Products Emulsion Polymers, Specialty Chemicals, and Decorative and Functional Surfaces
Revenue Decrease US$759.9 million (FY 2016)
Net income
Increase -US$.4 million (FY 2016)
Total assets Increase US$693.2 million (FY 2016)
Total equity Increase US$109.8 million (FY 2016)
Number of employees
2,100
Website www.omnova.com
Footnotes / references

OMNOVA Solutions Inc., is an Global manufacturer of emulsion polymers, specialty chemicals, and functional and decorative surfaces. OMNOVA was founded in 1999 when GenCorp spun off its Decorative & Building Products and Performance Chemicals businesses into a separate, publicly traded company. OMNOVA's world headquarters is located in Beachwood, Ohio with additional sales, manufacturing and distribution locations through Europe and Asia.

OMNOVA produces a variety of products within two Business Units - Performance Chemicals and Engineered Surfaces. The Engineered Surfaces business the following divisions: Performance Chemicals, Pool Liner Films, Performance Films, Laminates, viewnique Digital Murals and Upholstery.

According to OMNOVA's webpage, the Performance Chemicals business makes up about 75% of the Company's revenues. Emulsion polymers and specialty chemicals are key ingredients in products for a wide variety of end uses including architectural and industrial coatings; nonwovens used in hygiene products, filtration and construction; drilling additives for oil and gas exploration and production; elastomeric modification of plastic casings and hoses used in household and industrial products and automobiles; floor polishes and sealers; tire cord and other fabric reinforced rubber goods; molded rubber components; tapes and adhesives; sports surfaces; textile finishes; carpet backing; coated paper and packaging; and the list goes on.

The performance features of end use products that incorporate OMNOVA chemicals include stain, rust and aging resistance; surface modification; gloss; softness or hardness; dimensional stability; high heat and pressure tolerance; binding and barrier (e.g. moisture, oil) properties, and others.

OMNOVA's Engineered Surfaces business comprises the remaining 25% of the company's sales. Laminates, coated fabrics and films are primarily rolled goods (and occasionally sheets) of vinyl, polyurethane or paper. Superior durability, cleanability, stain and chip resistance, and design flexibility are hallmarks of these products. Additionally, the Engineered Surfaces Business Unit's products include viewnique digital wall murals which can be used to create branded interior for restaurants and retail chains.

OMNOVA's laminate portfolio includes realistic woodgrains, faux marbles and granites, contemporary patterns and solids, available in a variety of textures, colors, and surface decorative and protective finishes in a range of constructions from cost-effective Paper Laminates to high-performance 3D (thermofoil) Laminates. OMNOVA's laminates are used to fabricate retail fixtures and displays, casework for hospitality and food service; kitchen and bath cabinetry; residential and commercial furniture; recreational vehicle and manufactured housing interiors; and luxury vinyl tile flooring.

OMNOVA's coated fabrics are primarily used in upholstered seating as a high performance alternative to textile upholsteries, which are costly and difficult to clean. Major and emerging automotive OEMs in Asia are increasingly depending on OMNOVA’s coated fabrics to upgrade the quality of their seating. Additionally, OMNOVA's vinyl and polyurethane upholstery is used across the global transportation sector in mass transit trains and buses, heavy duty trucks and boats. OMNOVA's upholstery products are also used in various contract applications including healthcare, casinos, hospitaility and corporate office.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2020 2020-03-27 0.00 -0.09
Q4 2019 2020-01-31 0.00 -0.54
Q3 2019 2019-09-26 0.00 0.01
Q2 2019 2019-07-03 0.00 0.12
Q1 2019 2019-03-27 0.00 -0.10
Q4 2018 2019-01-31 0.00 0.15
Q3 2018 2018-09-26 0.00 -0.04

Ratings

2016-07-06 Reiterated Rating Jefferies Group Buy
2016-06-30 Reiterated Rating Jefferies Group Buy
2016-03-28 Boost Price Target Jefferies Group Buy $10.00 to $11.00
2016-01-20 Lower Price Target Deutsche Bank Buy $7.00 to $6.00
2016-01-20 Lower Price Target Deutsche Bank AG Buy $7.00 to $6.00
2015-09-28 Lower Price Target Deutsche Bank Buy $9.00 to $7.00
2014-09-26 Reiterated Rating Deutsche Bank Buy $11.50 to $7.00
2014-06-26 Reiterated Rating Deutsche Bank Buy $12.00 to $11.50
2013-10-01 Boost Price Target Deutsche Bank Buy $9.00 to $10.00
2010-03-26 Reiterated Morgan Joseph Hold $7 to $8.75
2010-03-26 Reiterated Jefferies Hold $7 to $8.75
2009-09-17 Reiterated Jefferies & Co Hold $5 to $5.90
2009-06-25 Reiterated Jefferies & Co Hold $2.80 to $3
2009-06-10 Upgrade KeyBanc Capital Mkts Hold to Buy $4.50
2009-05-18 Reiterated Jefferies & Co Hold $1.90 to $2.80
2009-04-01 Reiterated Jefferies & Co Hold $1.40 to $1.90
2009-03-02 Upgrade KeyBanc Capital Mkts Underweight to Hold
2009-01-23 Reiterated Jefferies & Co Hold $3 to $0.76
2008-04-07 Reiterated Jefferies & Co Hold $4.35 to $4.10
2016-07-06 Reiterated Rating Jefferies Group Buy
2016-06-30 Reiterated Rating Jefferies Group Buy
2016-03-28 Boost Price Target Jefferies Group Buy $10.00 to $11.00
2016-01-20 Lower Price Target Deutsche Bank Buy $7.00 to $6.00
2016-01-20 Lower Price Target Deutsche Bank AG Buy $7.00 to $6.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MCMULLEN KEVIN M Chairman of Board & CEO & Pres 2.26%  (1069646) OMN / STE /
HICKS MICHAEL E Sr VP Chief Financial Officer 0.43%  (204322) OMN /
WENGER DOUGLAS E Sr VP & Chief Info Officer 0.36%  (168408) OMN /
HOHMAN JAMES J VP; Pres Performance Chemicals 0.34%  (160752) OMN /
LEMAY JAMES C Sr VP Corp Dev Gen Counsel 0.22%  (103386) OMN /
Noonan Anne P President Perf Chemicals 0.19%  (92039) CF / OMN /
Austin Jay T VP Global Sourcing & Logistics 0.17%  (79948) OMN /
DeSantis Paul F Sr VP Chief Financial Officer 0.15%  (70486) BOBE / OMN /
MITAROTONDA JAMES A 0.14%  (65684) BHAC / EBIX / EML / GFF / JNY / OMN / PBY / SHLM /
Fox Chester W Vice President, Treasurer 0.13%  (62759) OMN /
SEELBACH WILLIAM R 0.13%  (59523) OMN /
Maynard David H President Decorative Products 0.12%  (55679) OMN /
Quinn Michael A Sr. VP Chief HR Officer 0.10%  (46405) OMN /
DANTONI DAVID J 0.04%  (20023) CMP / OMN / STFC /
SYRVALIN KRISTINE C Corporate Secretary 0.04%  (18605) OMN /
PERCY STEVEN W 0.03%  (15617) OMN /
Porcellato Larry B 0.02%  (7500) HNI / OMN /
Moore Marshall D SVP, Chief Technology Officer 0.02%  (7173) OMN /
Esposito Frank P JR Corporate Secretary 0.01%  (5900) OMN /
McMillan Donald B. Chief Accounting Officer 0.01%  (5000) OMN / SHLM /