OMNOVA Solutions Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended August 31, 2018. For the quarter, the company reported net sales of $193.6 million against $200.9 million a year ago. Income before income taxes was $0.4 million against $14.0 million a year ago. Net loss was $1.9 million against income of $7.9 million a year ago. Diluted loss per share was $0.04 against EPS of $0.18 a year ago. Net cash provided by operating activities was $21.6 million against $19.9 million a year ago. Capital expenditures were $5.7 million against $7.1 million a year ago. On non-GAAP basis, net sales of $193.6 million against $200.9 million a year ago. Adjusted income was $8.1 million or $0.18 per diluted share compared to $11.1 million or $0.25 per diluted share a year ago. Segment /Consolidated Adjusted EBIT was $15.5 million against $21.3 million a year ago. Segment /Consolidated Adjusted EBITDA was $22.8 million against $28.4 million a year ago.

For the nine months, the company reported net sales of $578.5 million against $596.8 million a year ago. Income before income taxes was $13.4 million against $12.1 million a year ago. Net income was $13.7 million against $5.1 million a year ago. Diluted income per share was $0.31 against $0.11 a year ago. Net cash provided by operating activities was $37.1 million against $28.2 million a year ago. Capital expenditures were $12.8 million against $17.0 million a year ago. On non-GAAP basis, net sales of $578.5 million against $596.8 million a year ago. Adjusted income was $20.9 million or $0.47 per diluted share compared to $20.4 million or $0.46 per diluted share a year ago. Segment /Consolidated Adjusted EBIT was $42.3 million against $45.1 million a year ago. Segment /Consolidated Adjusted EBITDA was $64.1 million against $65.8 million a year ago.

The company provided earnings guidance for the fourth quarter and full year 2018. The company reaffirming full year 2018 outlook of continued growth in adjusted EPS.

The company expected a strong fourth quarter compared to last year.