Omnova Solutions Reports Higher Q2 Profit

Fairlawn, OH, June 30, 2010--Omnova Solutions reported second quarter net income of $15.1 million, up $10.0 million, or 196%, compared to the second quarter of 2009.

Earnings per share was $0.33, the sixth consecutive quarter of year-over-year improvement and higher than the $0.12 diluted earnings per share in the second quarter of 2009.

Net sales increased $65.1 million, or 40%, compared to last year, while Volumes increased 16% year-over-year.

Paper and specialty chemicals, domestic laminates and the company's Asian businesses led the year-over-year improvement.

During the quarter, paper and specialty volumes increased significantly as compared to a year ago, while carpet volumes were down.