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Article: OM Group Increases Outlook for 2006 Second Quarter EPS.

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PR Newswire
Article date:
July 24, 2006
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--2006 Second Quarter Conference Call & Webcast Scheduled for August 4th--

CLEVELAND, July 24 /PRNewswire-FirstCall/ -- OM Group, Inc. today announced that it now expects diluted earnings per share for the quarter ended June 30, 2006 to be approximately $1.80, up significantly from its previous projected earnings of $0.99 - $1.09 per diluted share.

The primary factors driving the company's marked improvement in its second quarter results include: the well- documented rise in base metal prices, particularly nickel; a lower than anticipated effective income tax rate for the quarter due to a higher proportion of the company's income earned in low tax ...

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