OMNOVA Solutions Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended August 31, 2017. For the quarter, the company reported net sales of $200.9 million against $195.6 million a year ago. Income before income taxes was $14.0 million against $6.6 million a year ago. Net income was $7.9 million against $4.7 million a year ago. Diluted income per share was $0.18 against $0.10 a year ago. Net cash provided by operating activities was $19.9 million against $21.6 million a year ago. Capital expenditures were $7.1 million against $5.8 million a year ago. On non-GAAP basis, net sales of $200.9 million against $195.6 million a year ago. Segment /consolidated Adjusted EBIT were $21.3 million against $15.0 million a year ago. Segment /consolidated Adjusted EBITDA were $28.4 million against $21.8 million a year ago. Adjusted income was $11.1 million or $0.25 per diluted share compared to $6.4 million or $0.14 per diluted share a year ago.

For the nine months, the company reported net sales of $596.8 million against $572.9 million a year ago. Income before income taxes was $12.1 million against $16.2 million a year ago. Net income was $5.1 million against $10.8 million a year ago. Diluted income per share was $0.11 against $0.24 a year ago. Net cash provided by operating activities was $28.2 million against $41.0 million a year ago. Capital expenditures were $17.0 million against $16.5 million a year ago. On non-GAAP basis, net sales of $596.8 million against $572.9 million a year ago. Segment /consolidated Adjusted EBIT were $45.1 million against $40.5 million a year ago. Segment /consolidated Adjusted EBITDA were $65.8 million against $61.0 million a year ago. Adjusted income was $20.4 million or $0.46 per diluted share compared to $16.2 million or $0.36 per diluted share a year ago.

For the fourth quarter, the company expects to incur a $2 million to $4 million operating profit reduction related to Hurricane Harvey and the antioxidant plant start-up issues.

The company continues to expect margin expansion from its various strategic initiatives and remains on track to deliver adjusted diluted earnings per share growth in fiscal 2017.