OM Group Reports Results for Third Quarter of 2011

OM Group, Inc. (NYSE:OMG) announced its Q3 2011 financial results.

As quoted in the press release:

Excluding special items, gross profit in the third quarter of 2011 was 26.6 percent of sales, compared with 25.4 percent in the 2010 period, and SG&A increased to 14.6 percent of sales, compared with 13.3 percent in the prior-year period.

OM’s Chairman and CEO, Joseph Scaminace said:

Adjusted for special items, income from continuing operations surged 66 percent compared with last year, even as we faced increasing challenges from cobalt supply chain fundamentals, further testimony to the efficacy of our diversification efforts.

Click here for the OM Group, Inc. (NYSE:OMG) press release.