Net sales in specialty solutions increased 16.5% to $109.2 million, while sales in performance materials decreased 14%, or 7.6%.
OMNOVA Solutions Inc. recently reported net sales for the first quarter were $178.7 million, up 2.3% from last year's $174.6 million. Net sales in specialty solutions increased 16.5% to $109.2 million, while sales in performance materials decreased 14%.
"We were pleased to record another quarter of sales and profit growth in our specialty solutions segment,” said CEO Anne Noonan. “We saw particular volume strength in our oil and gas business, and good volume growth across other specialty solutions businesses, including home and personal care, adhesives and sealants, elastomeric modifiers and laminates and films.