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Article: OM Group Announces Strong Results for Second Quarter.

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PR Newswire
Article date:
August 2, 2007
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-- Net Sales Rise 32 Percent on Higher Pricing --

-- Operating Profit Increases Substantially --

CLEVELAND, Aug. 2 /PRNewswire-FirstCall/ -- OM Group, Inc. today announced results for the second quarter of 2007.

Net sales for the three months ended June 30, 2007, were $231.3 million compared with net sales of $175.2 million in the corresponding period of 2006. This 32 percent increase was due primarily to increased product selling prices, due primarily to a $13.58 increase in the average cobalt reference price.

"Despite some challenging conditions in certain markets, we were able to follow a positive first quarter with strong second ...

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