FAIRLAWN, OH – OMNOVA Solutions Inc. reported income from continuing operations of $3.4 million for the fourth quarter of 2007, compared to a loss from continuing operations of $0.7 million for the fourth quarter of 2006. Fourth quarter 2007 net income was $3.7 million compared to net income of $17 million during the same period in 2006. Included in the fourth quarter of 2006 is a gain of $18.2 million related to the divestiture of the Building Products business.

Net sales increased by $19.5 million to $195.9 million for the fourth quarter of 2007, compared to $176.4 million during the prior year period. Gross profit decreased to $36.3 million during the fourth quarter of 2007 versus gross profit of $37.0 million in the fourth quarter of 2006.

Read more.

Have something to say? Share your thoughts with us in the comments below.