Fairlawn, OH, June 23--Polymer and surfacing chemical company Omnova Solutions Inc. posted its first positive earnings report in the last six quarters, the company said Tuesday.
Second-quarter earnings rose to $300,000, or 1 cent per share, up from last year's loss of $5 million, or 12 cents per share.
Second-quarter revenue rose 7.3 percent to $189.5 million, Omnova said.
"We are seeing improvement in most of our end-use markets after a weak economic environment over the past two years and we are optimistic that the improvement should continue throughout 2004," said Omnova chairman and chief executive Kevin McMullen in a statement. "However, as the year unfolds, significant risk of raw material inflation remains."
