Ceramic Industry News

OMG Reports Third Quarter Record Net Income

November 6, 2000
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OM Group, Inc. (OMG) recently reported record net income and record earnings per diluted share for its third quarter ended September 30, 2000. The producer of value-added, metal-based specialty chemicals and products reported net sales for the period of $233.4 million compared to $132.1 million a year ago, while net income increased to $18.6 million, or $.77 per diluted share, from $14.3 million, or $.59 per diluted share, in the 1999 third quarter. For the nine months ended September 30, 2000, net income increased to $52.2 million, or $2.15 per diluted share, from $41.3 million, or $1.70 per diluted share for the same period in 1999. Net sales were $655.2 million compared to the $369.9 million reported in 1999.

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