Pharma Industry
Industry: Email Alert RSS FeedAnalysts Remain Bullish on OM Following Strong Fiscal Year 2000.(OM Group Inc.)(Brief Article)(Statistical Data Included)
Chemical Market Reporter, February, 2001
CITING AN increase in the physical volume of products sold and an improved products mix, the OM Group Inc. reported healthy gains for the fourth quarter and fiscal 2000, ended December 31. Sales for fiscal 2000 increased more than 75 percent to $887.7 million compared to 1999, and sales for the fourth quarter increased almost 70 percent to $232 million.
Because of these showings, First Analysis Securities Corporation (FASC) continues to maintain its "strong buy" rating for OM, producer and marketer of metal-based specialty chemicals and powders. FASC is projecting revenues of $241.1 million for the first quarter 2001, an increase of almost 63 percent from the first quarter 2000; and year-end 2001 sales of more than $1 billion, an increase of 13...
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