shtm
About Siebel Systems
Siebel Systems is the world's leading provider of customer-facing
solutions that deliver demonstrable business results and long-term
competitive advantage.1%
- Segment operating profit of $14.36 per diluted share, for the fourth quarter of 2004. Contributing
to the sales increase in the fourth quarter of 2005
were pricing improvements of $16.
Gross profit
increased to $45.0
million related to trademark impairment, restructuring and severance.4 million
, down
$5.2
million to $31.2 million at November 30, 2005.
During the quarter, volumes in
paper were negatively impacted by the
permanent closure of a customer's plant as a result of the
Gulf Coast
hurricanes. However, the Company expects to replace this volume in early 2006
with
GenCryl(R) Platinum Pt(TM) latex business with a new customer, while
extended trialing activity for
this high strength latex binder continues at
several key paper accounts.8 million
gain from the
sale of a wallcovering brand and an asset impairment charge of
$1.m.7
Performance Chemicals
$10.7 (8. These items include for the 4th
quarter of 2005 asset impairment charges of
$2.9 million and a gain on the sale of a brand of $0.5 million, gain on a legal settlement of $0.9
.7 -
Calender line restructuring
1. There are many
risks and uncertainties
that could cause actual results or outcomes to differ
materially from those described in the forward
-looking statements, some of
which are beyond the Company's control, including inherent economic risks
,
changes in prevailing governmental policies and regulatory actions, and
litigation risks inherent
in the Company's business.1 5.3 22.4
Restructuring and severance -
- 5.3) (.6
Deferred income taxes 1.5
LIABILITIES AND SHAREHOLDERS' EQUITY:
Current Liabilities
Current portion of long-term
debt $.1 14.9) (256.2)
Treasury stock at cost; 1.8
Total Liabilities and Shareholders' Equity $355.
felt overstock
com/smb/solutions. Siebel's multichannel offerings
allow
organizations to intelligently manage and coordinate all customer
interactions across the
Web, contact center, field sales/service
force, branch/retail network, and indirect and partner distribution
channels.com/call-center; Sales Force Automation --
http://www. Future operating results of Siebel
Systems may differ
from the results discussed or forecasted in the forward-looking
statements
due to factors that include, but are not limited to, risks
associated with customer relations, such
as the availability of Siebel
Systems' products and services, customer implementation of products
and services, relationships with customers, third-party vendors and
systems integrators, concentration
of revenues in a relatively small
number of customers, existence of errors or defects in products
,
ability to successfully manage growth, significant current and
expected additional competition
and the need to continue to expand
product distribution and services offerings.10 per diluted
share
, for the fourth quarter of 2005, compared to a net loss of $14.2 million for the same period a year
ago, due to lower
average debt partially offset by higher short-term average borrowing rates.4 million
, or 8.1% of net sales in 2004 due to the
elimination of expenses from the closed wallcovering distribution
facility,
lower employee headcount and improved cost control. Segment operating profit was $10.
Carpet volumes increased in the quarter while
specialty chemical volumes increased in the high single
digits on new product
introductions.9
million for the fourth quarter of 2004. For the fourth
quarter of 2005 those
items included a favorable legal settlement of $0. The Company streamlined
its design and custom operations and increased
volume 15%, driven by gains in the hospitality market
and new distribution.2) (20.7)
Capital expenditures $4.
Reconciliation
of net income (loss) to Adjusted EBITDA
This earnings release also includes Adjusted EBITDA
which is a non-GAAP
financial measure as defined by the Securities and Exchange Commission.3)
(.
OMNOVA SOLUTIONS INC.8
Interest expense
5.4
Income (Loss) Before Income Taxes 3.7)
Income tax (benefit)
(.6
Total Current Assets 167.3
Investments in joint
ventures 16.7
Pension Liabilities 7.6)
50.overstock fibers
Italian company Radici manufactures
yarns for artificial grass and nonwoven fabrics for
industrial, civil,
and domestic applications. With best-in-class CRM functionality
provided in
easy-to-deploy modules, Siebel CRM Professional Edition
provides highly configurable, extended CRM
functionality through its
powerful customization and integration tools, enabling organizations
to
choose the specific CRM capabilities they need to run their
business. - Net sales increased 6
.36 per diluted share
for the fourth quarter of 2004
- Full year net sales improved
8.2 million to $160.5 million, or 19. Our purchasing organization and key
strategic suppliers responded
aggressively to the situation, and we were able
to meet all of our customers' needs," said Kevin
McMullen, OMNOVA Solutions'
Chairman and Chief Executive Officer. Gross profit increased to
$170.5 million to $121.1 million, or 19.2 million versus $20.4 million
against shareholders' equity
related primarily to the elimination of its
prepaid pension asset. If the
accumulated pension
benefit obligation exceeds the fair value of the pension
plan assets, SFAS No.6% higher average unit
selling price and a 1. The segment's operating profit for the fourth
quarter of 2005 and 2004 also
included items which management excludes when
evaluating the results of this segment.9
Amortization
of deferred
financing costs .3 (.1 $(14.1 175.pugalia polishing
To learn
more about Siebel CRM Professional Edition,
please visit http://www. For more information, visit
www. During the first quarter of 2006, average
short-term borrowing spreads under the Company's
revolving credit facility
will decline 75 basis points due to improved Adjusted EBITDA performance
for
full year 2005.3 million in 2004. Consolidated loss per
diluted share was $0. The
segment
's operating margin was 8.
Market share gains in marine and transportation applications drove year
-over-
year growth in coated fabrics sales.0 million in the fourth quarter of 2004.
Strong sales
growth in thermoplastic polyolefin (TPO) products was offset by
weaker volumes in polyvinyl chloride
(PVC) membrane systems, polyisocyanurate
(ISO) insulation and EPDM membranes. The live
audio
event will be hosted by OMNOVA Solutions' Chairman and Chief Executive
Officer, Kevin McMullen.7
$100.9
million, a gain on the sale of a brand of $0.5 -
Depreciation and amortization
5.6
Other (income) expense, net (.5 10.7 96.utensils pressed
Marketing
professionals can manage and update mailing lists; coordinate and
develop closely targeted, multichannel
marketing campaigns; and
evaluate the investment return on marketing activities -- such as
levels
of participation in trade fairs and exhibitions.siebel. Further information on
potential factors
that could affect the financial results of Siebel
Systems are included in Siebel Systems' Annual
Report on Form 10-K,
Quarterly Reports on Form 10-Q and its other filings with the
Securities
and Exchange Commission, which are available at
www.1%, or $11.7 million for a work stoppage, $2
.
The accumulated benefit obligation for the Company's defined pension plan
was $204.9 million
, a $0.
For the full year 2005, sales of coated fabrics and laminates to marine (up
27%), transportation
(up 21%) and kitchen and bath (up 19%) were able to
offset significant volume declines in residential
furniture, consumer
electronics and ready-to-assemble furniture.3 million
for the fourth quarter
of 2005, as compared to an operating loss of $1. Following
the live webcast, OMNOVA will archive
the call on its website until noon EST,
January 25, 2006.m.9 million for trademark
impairment
and $0.9
million relating to trademark impairment and $0. Set forth below is a reconciliation of
this non-GAAP financial
measure to the most directly comparable GAAP financial measure
Three Months Year
Ended Ended
November 30
, November 30,
Dollars in millions, except
per share data
2005 2004 2005 2004
Net income (loss) $4.6
22.6 -
Goodwill and trademark
impairments - 3
.7
Costs and Expenses
Cost of goods sold 160.7) .9 104
.5
Accrued payroll and personal property taxes 16.2
Additional contributed capital
312.5
felting sae
Moreover, with its unique, extensible design, Siebel CRM
Professional
Edition can be adapted and expanded with additional
modules to meet an organization's growing needs
.2 million in
lower sales related to the Company's decision to close a wallcovering
distribution
facility in Massachusetts during the first quarter of 2005 and
$1.3 million versus the same quarter
last
year, driven by $11.5 million favorable net LIFO
(last in, first out) inventory reserve adjustment
. Those items for 2005 included charges of $5.0% for the same period
last year, but still below the
Company's targeted reinvestment levels.3 million versus 2004. Segment operating profit was
$3.com
).8 $372.8) (6.2) (21. Management excludes certain of these items when evaluating the
results of the Company's ongoing business.
(b)Segment operating profit for the full year
of 2005 and 2004 was
impacted by a number of items which are discussed earlier in this press
release
.7) $(1.7 $26.10 $(.7
Prepaid expenses and other 3.5
15.5
Employee benefit obligations 6.1 135.This category
lists companies dedicated to the utilization of the needlepunch and pressed felt technologies, or for
which the production of needlepunch and pressed felt fabrics and end products is their main business
.
kunin pressed
com/sales-force-automation; Marketing Automation --
http://www.sec.gov.1 million, or $0. Interest
expense
increased $0.04 as compared to a loss per diluted share of $0.7 million at November 30, 2005
and 2004,
respectively.1% increase
in volumes.0% from the fourth quarter of 2004.m.9(b) 7. Adjusted
EBITDA is not calculated in the same manner
by all companies and accordingly is not necessarily comparable
to similarly
titled measures of other companies and may not be an appropriate measure for
comparing
performance relative to other companies. Management believes that presenting this information is useful
to
investors because it is commonly used as an analytical indicator to evaluate
performance, allocate
resources and measure leverage capacity and debt service
ability.4) (.8 577.4)
(.3)
Net Income (Loss) $4.2
Accounts payable
80.7 million
shares outstanding as of November 2005 and 2004,
respectively
4.dewatering fibers
During the same period,
20 percent of these prospects were
converted into closed sales deals,
compared to 10 percent previously. Radici deployed Siebel CRM
Professional Edition to unify
customer information."
About Siebel CRM Professional Edition
Siebel CRM Professional Edition is Siebel Systems' on premise
sales, marketing, and service
solution for small and medium-sized
businesses (SMBs) that prefer to maintain control of their hardware
and applications on-site.com
For more information on Siebel Systems solutions and services
,
please visit our Web site: CRM -- http://www.0 million, versus a loss of
$6.0 million
last year
- Net income of $4.10 per diluted share, versus a
net loss of $14.
(NYSE: OMN) today reported net income of $4.3 million of higher raw material costs which were
partially
offset by lower manufacturing and warranty expenses, and a favorable
net LIFO (last in, first out
) inventory reserve adjustment of $4.9 million to $30.2 million in 2004.4 million, the elimination of
the prepaid pension asset of $57.7% to $113. Included in the fourth quarter of 2005 results were a
favorable
net LIFO inventory reserve adjustment of $2.4 million during the fourth
quarter of 2005
, an increase of $0.2 million from the wallcovering distribution facility
which was closed in the
first quarter of 2005, Decorative Products' sales
increased 6.
The Company's Asian joint venture
operations were profitable in the fourth
quarter of 2005 compared to an operating loss in the fourth
quarter of 2004. EST. To listen to the telephone replay, callers should dial:
(USA) 800-475-6701
or (Int'l) 320-365-3844.
Three Months Year
Ended Ended
November 30, November 30,
Dollars in millions 2005 2004
2005 2004
Performance Chemicals $113.1 115.1 $745.0)(a) 31.1)
(5.7)
Profit (Loss) Before
Income Taxes $3.7 $13.1 million for
restructuring and severance.3 1.5 166.4
Total Assets
$355.5
Postretirement benefits other than pensions 45.rumpel clearer
Business Editors
/High-Tech Editors
BARCELONA, Spain----
Italian Fabrics Manufacturer Also Uses Unified
Customer View
to Convert Twice as Many Prospects Into Closed Sales Deals
Siebel Systems
, Inc."
Tessiture Pietro Radici manufactures specialist yarns,
polypropylene fabrics, and nonwoven
fabrics.
The sales team can now effectively segment multiple groups of
customers, quickly generate
detailed sales quotations and offers, and
maintain efficient fabrics samples management.com/crm;
OnDemand
Solutions -- http://www.com/business-intelligence; Integration Solutions --
http://www
.0 million during the same period a
year ago.5 million.
"Strong results in the fourth quarter
contributed to a much-improved year
for OMNOVA Solutions. The
operating momentum was broad-based
, as all three business units exceeded their
results versus the same quarter last year in a very challenging
environment.
Raw material availability and cost, as well as customer manufacturing
activity, were
disrupted by the extensive hurricane damage incurred in the
Gulf Coast region during the quarter
.3 million of lower sales related to the Company's
decision to close a wallcovering distribution facility
and $20. Operating profit improved $24.6 million was recognized at November 30, 2005.8 million and
$182.9 $452.7 32.1 5.4
Work stoppage - -
1.4 1.4
202.0
Accounts receivable
, net 111.5
Property, plant and equipment, net 154
.6 million and 42.2) 3.fibers rollgoods
Besides increasing
sales effectiveness, Radici has also eliminated
duplicate sales
contacts using Siebel CRM Professional Edition.
Commenting on the improved marketing
campaign effectiveness,
Adriana Poli, CRM Marketing Manager, RadiciGroup, said, "Siebel CRM
Professional
Edition ensures the end-to-end tracking of business
contacts and offers the opportunity to evaluate
the return on
marketing activities -- such as participation in trade fairs and
exhibitions, and
the organization of those events. Siebel solutions are
tailored to the unique needs of 23 industries
and incorporate
industry-specific business processes, best practices, and business
insight.siebel
.1 million, or $0."
Results for the Full Year Ending November 30, 2005 - Net sales increased
$64.6%, to $810.3 million versus 2004, driven by $82.6 million related to the closure of a paper
customer. Management believes that this information
is useful for providing the investor with an
understanding of the Company's
business and operating performance.4 61.1) $(2.2
$11.8
(a)Segment operating profit for the 4th quarter of 2005 and 2004 was
impacted by
a number of items which are discussed earlier in this press
release. Adjusted EBITDA should not
be
construed as an indicator of the Company's operating performance or
liquidity and should not be considered
in isolation from or as a substitute
for net income (loss), cash flows from operations or cash flow
data which are
all prepared in accordance with GAAP.8) $(24.OMNOVA.5 .4)
Basic
and Diluted Earnings (Loss)
Per Share $.0) (11.lampe tewes
They are the
product of more than $2 billion in R+D
investments and reflect over 11 years of experience with more
than
4,000 organizations. Together with its extensive global network of
alliance partners, Siebel
Systems provides the people, process, and
technology expertise critical in driving business value
from the
deployment of customer-facing solutions. An explanation of how
the Company defines Adjusted
EBITDA and a reconciliation of Adjusted EBITDA to
net income is provided in the Non-GAAP and Other
Financial Measures section of
this earnings release.
Contributing to the sales increase were pricing
improvements of $98.0% of
net sales, versus $142.5 million for restructuring and severance.7 million
in 2004 due to
higher short-term average borrowing rates. At November 30, 2005, the accumulated
pension benefit
obligation exceeded the pension plan assets by $5.
Performance Chemicals
- Net sales during the fourth quarter of 2005
increased 12. Focused cost reduction and LEAN SixSigma
initiatives have
led to further reductions in spending levels for SG+A and manufacturing as a
percentage
of sales.5 million as
compared to the fourth quarter of 2004 due to aggressive working capital
management
.7 million for the fourth quarter of 2005 as compared to a loss of $8.1% compared to $32. Webcast attendees
will be in a listen-only mode.
Non-GAAP and Other Financial Measures
Reconciliation
of segment sales and operating profit to consolidated net
sales and profit (loss) before income taxes
Management reviews the information below in assessing the performance of
the business
segments and in making decisions regarding the allocation of
resources to the business segments.
0 $33.0
Total Segment Operating
Profit (loss) 14.0(a) (6.7 million
and for the full year 2004 charges totaling $3.5 1. These statements are intended to qualify
for the protections
afforded forward-looking statements under the Private Securities Litigation
Reform
Act of 1995. Some important risks,
uncertainties and factors that could cause the Company's actual
results or
outcomes to differ materially from those expressed in or implied by its
forward-looking
statements include, but are not limited to, the following:
general economic trends affecting OMNOVA
Solutions' end-use markets; prices
and availability of raw materials including styrene, butadiene
, polyvinyl
chloride, acrylics and textiles; ability to increase pricing to offset raw
material
cost increases; adverse litigation judgment and absence of or
inadequacy of insurance coverage for
such judgment; prolonged work stoppage
resulting from labor disputes with unionized workforce; acts
of war or
terrorism, natural disasters or other acts of God; ability to develop
successful new
products; customer and/or competitor consolidation; customer
ability to compete against increased
foreign competition; operational issues
at the Company's facilities; availability of financing to
fund operations at
anticipated rates and terms; ability to successfully implement productivity
enhancement
and cost reduction initiatives; governmental and regulatory
policies; rapid inflation in health care
costs and assumptions used in
determining health care cost estimates; risks associated with foreign
operations including fluctuations in exchange rates of foreign currencies; the
Company's strategic
alliance and acquisition activities; assumptions used in
determining pension plan expense and funding
, such as return on assets and
discount rates and changes in funding regulations; compliance with
extensive
environmental, health and safety laws and regulations; and substantial debt
and leverage
and the ability to service that debt. is a technology-based company with 2005 sales of
$810 million
and a current workforce of 1,800 employees worldwide.0 209.3) (.6
Inventories
41.5 7.3
Other current liabilities
8.pressed lampe
siebel.2 million
FAIRLAWN, Ohio, OMNOVA Solutions Inc.5 million a year ago, while
full year Adjusted EBITDA grew
to $51.1 million versus $745. Cost of goods sold for 2005 were $639
.5 million
for fixed asset impairments, a gain of $0.8 million on the sale of a
wallcovering brand
, and a gain of $0.
During the quarter, the Company took a non-cash charge of $60.7 million and
a receivable write-
off of $0.8 million. The Access Code is 813068.1) . Adjusted EBITDA
is not a measure of financial
performance under GAAP.2 21.3) (.3 22.8
Net
earnings of joint ventures
less cash dividends (. Forward-looking statements
may generally be identified by
the use of forward-looking terms such as "may," "should," "projects
,"
"forecasts," "seeks," "believes," "expects," "anticipates," "estimates,"
"intends," "plans,
" "targets," "likely," "will," "would," "could," or similar
terms. Forward-looking statements address
the Company's business, results of
operations, financial condition, significant accounting policies
and
management judgments, among other things, and include statements based on
current expectations
, estimates, forecasts and projections.1 639.5
Selling, general and
administrative
30.1
Indefinite lived trademark
impairment
- 3.9 - 3.2 21.1) (24.8) $(24.
Condensed
Consolidated Balance Sheets
November 30,
November 30,
2005 2004
(Dollars in millions,
except per share amounts)
Assets:
(Unaudited)
Current Assets
Cash and cash equivalents $9.8
Trademarks and other intangible assets, net 12.5
Other assets
4.needlepunch clearer
Siebel CRM Professional Edition places the customer at the center
of
Radici's business.8 million on the sale
of a wallcovering brand, and a gain of $0. Fourth quarter
earnings per diluted share of $0.8 million, an increase
of $62.9 million from a legal settlement
.6 million.0 million for the fourth quarter of 2004. Laminates gained several new customers
with
significant volume potential for 2006, while improving operating margins.0
Total Sales
$205.0 $4.8)
Building Product .7)
Corporate expense
(5. Adjusted EBITDA is not intended to
represent and should not be considered more meaningful than
, or as an
alternative to, measures of operating performance as determined in accordance
with GAAP
.1 $(14.2 .6 1.4 .8 $194.0 $810.5 121.6 142.9
Fixed
asset impairment 2.7) .1 2.1) (2.3 7.2 310.7 million
shares as of November
2005 and 2004, respectively (10.1 $432.
For
a more specific listing, please scroll down and submit your site to the appropriate sub-category.
voigt slitting
When
a
customer contacts the after-sales support team using his or her
preferred channel of communication
, the team also uses the shared,
unified view of each customer to quickly and efficiently resolve
service inquiries. Siebel solutions draw upon the company's best-in-class
capabilities in customer
relationship management (CRM), business
intelligence, and customer data integration and can be deployed
as
licensed software or as a hosted service.crmondemand. Total Company employment year-to-date has
declined 10%, or over 200
positions, to approximately 1,800 employees.7 million in 2004.8 million
for
restructuring and severance, $1. The result was a non-cash
charge to accumulated other comprehensive
loss within shareholders' equity of
$60.3 million
and the recognition of an intangible pension
asset of $4.1 242.0 115. Management excludes certain of these items when evaluating
the
results of the Company's ongoing business.5 million for restructuring
and severance.
Condensed Consolidated Statements of Operations
(Dollars in Millions
, Except Per Share Data)
Three Months Year
Ended Ended
November 30, November 30,
2005
2004 2005 2004
Net Sales $205.9) .3
3.1
Deferred income taxes 1.0 12.pressed felting
"Siebel Professional
Edition enables Tessiture Pietro Radici to
manage customer relationships in a structured manner,
stimulating the
collaboration between different corporate functions. "One of the main reasons for
choosing this cost-effective, flexible CRM solution is that it offers
a seamless migration path
to Siebel's enterprise CRM solutions, should
we later need additional functionality.
Siebel CRM
Professional Edition enables the marketing team to
track contacts across the business relationship
life cycle. This results in increased customer service,
satisfaction, and loyalty.6%, operating profit
increased
$24.
Net sales increased 6.8 million for the
fourth quarter of 2005 as
compared to $194.4 million in lower volumes.
Interest expense decreased to $5. Accordingly,
a pension liability of
$5.0 million was driven by a decline in the discount rate from 6. The pension
plan's assets were $199. As
compared to last year, raw material costs were up $4.9 million which
management excludes when evaluating
the results of this segment.
Decorative Products
- Net sales were $61.5
million versus the fourth quarter of 2004 due to aggressive LEAN SixSigma
projects
and the Company's decision to focus on marketing fewer wallcovering
brands. Operating profit was
$0.1
million in the fourth quarter of 2004. EST on January 18, 2006, and ending at 11:59 p.8)
(11.8 $(15.1) $(24.8 million, asset
impairment charges of $2.7
Taxes
(.7) -
Gains or losses on asset sales (.1 $745.6 37.1
812.0
Total Current Liabilities 121.rollgoods lampe
Tessiture Pietro Radici Increases
Sales Pipeline Opportunities by 50 Percent in 12 Months Using Siebel CRM Professional Edition
Additionally
, the effectiveness of
Radici's samples management and marketing campaign development and
execution
were also undermined.siebel.siebel.9 million in 2004.6 million, or 14.3% of net sales, in the fourth
quarter of 2004 due to the elimination of expenses from the closed
wallcovering distribution facility
, lower employee headcount and improved cost
control. Also included in the year
are certain items
that management excludes when evaluating the results of the
Company's segments.9 million related
to trademark
impairment and $0.61 in
2004. Of the $22.0 million for the fourth quarter
of
2005 as compared to $4. Also, workforce reductions during the last twelve months totaled over
180
positions, or a decline of over 14%.
Building Products - Net sales of the Company's single
-ply commercial
roofing products were $30.0 $810.7(b)
Interest expense (5
.5 $51.1 $432.4 9.00 par value;
15 million shares authorized; none outstanding
- -
Common stock - $0.2 million and 40.4 million shares
and 1.pugalia thereof
The company
has deployed Siebel Systems'
CRM solution designed for small and medium-sized businesses to 30
employees
to create a single, comprehensive view of more than 3,000
customers. The company, with 130
employees
and revenues of $43 million (2004), is a division of
RadiciGroup, a multinational organization operating
in various
economic sectors, including chemical, plastics, manmade fibers, and
textiles. Selling
, general and administrative costs
decreased $6. Also included in the quarter are
certain items
that management excludes when evaluating the results of the
Company's segments. We delivered nearly
a 9% increase in sales and more
than $24 million improvement in operating profit for full year 2005
versus
2004.6 million of higher raw material
costs which were partially offset by lower costs
in manufacturing, $4.5 million to $21.4%
used for the pension liability calculation, due to lower
long-term interest
rates.8% as compared to 4. There were no similar charges in the fourth
quarter
of 2004.
International sales increased significantly for the quarter, up 53% or $2.2 257.8 million
,
and for the 4th quarter of 2004 charges totaling $3. These items include for the full
year of
2005 restructuring and severance charges of $5.4)
Interest 5.8
Restructuring and severance - - 5.
OMNOVA Solutions Inc. Visit
OMNOVA Solutions on
the internet at http://www.rollgoods overstock
com; Industry CRM --
http://www.siebel.
OMNOVA Solutions Reports Fourth Quarter 2005 Earnings Per Diluted Share of $0.10
7 million, or
a loss of $0.8 million, to $205.3 million from the end of fiscal 2004, and the lowest in the Company
's
history including proceeds from a receivables securitization program utilized
from May 2000
until May 2003. 87 "Employers' Accounting for Pensions" requires that
the Company recognize a liability
that is at least equal to the unfunded
accumulated benefit obligation and eliminate any prepaid pension
asset that
the Company had previously recognized.1 million, net of the
Company's unfunded pension
benefit restoration plan.6
million of increased pricing, and a favorable net LIFO inventory reserve
adjustment of $1.6 million, while the fourth quarter of 2004 included charges totaling $4.
In commercial wallcovering, margins improved in North America versus last
year. Inventories declined
$3.8 $194.1) (3.2 20.1 5.6 - 1.1) -
Non-cash charge
for 401(k)
company match .9 $15.1 $.utensils felt
Until now, the
company's sales, marketing, and
service teams relied on multiple, disconnected sources of customer
information.
Siebel is a trademark of Siebel Systems, Inc. and may be
registered in certain
jurisdictions. "The improved operating profit and cash
flow results were driven by aggressive cost
reductions, increased pricing and
new products. We are especially pleased with our SG+A cost reductions
, as
well as improved inventory and accounts receivable management which resulted
in our lowest
debt level ever.3 million as compared to $168. Selling, general and
administrative costs decreased
$20.
Results from 2004 included charges of $3.9 million, approximately $1.7 million during the fourth
quarter of 2005, a
decrease of 4.omnova. EST on January 25,
2006.5 million, a gain on a legal
settlement of $0.3)
Depreciation and amortization 5.7) - (. The Company
disclaims any
obligation, other than imposed by law, to publicly update or revise any
forward
-looking statements, whether as a result of new information, future
events or otherwise.8 (15.36
) $(.0 2.3 4.slitting voigt
It has enabled us
to eliminate duplicate contacts and provide
consistent information on
the entire main pre- and after-sale activities for every single
customer
and negotiation," said Davide Orabona, IT Business
Applications Manager, RadiciGroup.siebel.siebel
.com/crm-services
Except for the historical information contained herein, this press
release
contains forward-looking statements that involve risk or
uncertainties.9 million from a legal settlement
,
and for the fourth quarter of 2004 those items included charges totaling $4.7
million versus
$0.4 million
partially offset by $13.6 million, or 15.9 million versus $7.1 million increase in the
liability, approximately
$20.6 million during the
quarter due to cost increases in butadiene,
acrylics and most secondary raw
materials. Sales for nonwovens and adhesive/tape applications increased
nearly 30% versus last year on the strength of new products and pricing. Inventories declined by
over $5. It is anticipated to be approximately one hour in
length and may be accessed by the public
from the Company's website
(http://www.8
Building Products 30.8 $13.8 million
and work stoppage
charges of $1. OMNOVA is
an innovator of emulsion polymers, specialty chemicals
, decorative and
functional surfaces, and single-ply roofing systems for a variety of
commercial
, industrial and residential end uses.com.2 20.04) $(.3 181.
utensils rumpel
All other product and company
names mentioned are the property of their respective owners and are
mentioned for identification
purposes only.3% to 5.9
million versus a year ago. A telephone replay will also be available beginning
at 2:30
p.5
Decorative Products 3.3 (1.8 $4.
Adjusted EBITDA is calculated
in accordance with the definition of adjusted
net earnings from operations as set forth in the Company
's senior secured
revolving credit facility dated May 28, 2003, as subsequently amended, and
excludes
charges for interest, taxes, depreciation, amortization,
restructuring and severance, work stoppage
, goodwill and trademark
impairments, amortization of deferred financing costs, net earnings of joint
ventures less cash dividends, gains or losses on asset sales, and non-cash
charge for 401(k) company
match.3 156.2 770.0 49.0
Accrued interest 9
.5 8.6 48.4 -
Other liabilities
16.pressed fibers
com/industry-crm; Call Center + Service --
http://www. Siebel Systems assumes no obligation to
update the
information in this press release. Cost of goods sold for the fourth quarter of
2005
increased $4.5 million in the fourth quarter of 2005 as
compared to $37.
Total debt at the end
of the fourth quarter of 2005 was $176. Our leverage ratio of debt-to-Adjusted EBITDA
consistently
improved during 2005 and at year end was 3.7 million of
lower volumes. The segment's
fourth quarter
of fiscal 2005 operating profit also included an asset
impairment charge of $0. Additionally, Performance
Chemicals successfully completed a SAP
enterprise business system implementation, which is resulting
in lower SG+A
costs and improved information for managing the business. Sales of private label TPO
membrane
increased significantly in the quarter.9 1.1 5.4 .61)
OMNOVA SOLUTIONS INC.9
Retained deficit (257
.3
Total Shareholders' (Deficit) Equity (12.woollen needlepunch
Over 3 million users
worldwide in
organizations of all sizes depend on Siebel solutions to
deliver dramatic improvements in how they
identify, acquire, retain,
and serve customers.siebel.siebel.com/marketing-automation; Business Intelligence
--
http://www.com/integration-solutions; CRM Services --
http://www.9 million partially offset
by $3.9% of net sales, in the fourth
quarter of 2005 versus $37. Adjusted EBITDA for the fourth
quarter of 2005 was $14.7 million in 2004. Productivity improved by approximately 5% year-to-date
versus
the same period last year.0
million related to trademark impairment and restructuring and severance
. Lead times and extreme pricing
volatility in the ISO industry, which contributed to weaker volumes
and
profits throughout most of the year, improved throughout the quarter and are
anticipated to
stabilize going into 2006. The operating profit improvement was
driven by lower warranty expense
partially offset by higher costs for raw
materials and purchased products.5 - 2.6
22.3 3.polishing polypropylene
Owing to this fragmented customer view, the company
struggled to segment
customers, effectively target prospects, and
develop sales quotes and orders. The single, complete
customer view means that
the company's sales, marketing, and service employees now share an
accurate
, detailed, near real-time view of each and every customer.7
million, or a loss of $0.1 million for
the fourth quarter of 2005
as compared to $5.7 million in 2005 versus $26.10 is our third
consecutive
quarter of positive EPS and year-over-year improvement.9 million in the fourth quarter
of 2004, driven
by 11.
Earnings Conference Call - OMNOVA Solutions has scheduled its Earnings
Conference
Call for Wednesday, January 18, 2006, at 11:00 a.9) (2.9 - 3.4
Adjusted
EBITDA $14.3
This earnings release contains statements concerning
trends and other
forward-looking information affecting or relating to the Company and its
industries
.7) $(1.0
Prepaid pension - 57.5
Long-term debt 176.9
Shareholders' (Deficit) Equity
Preference stock - $1.lampe pugalia
(NASDAQ:SEBL), the leading provider of
customer-facing solutions, today
announced at Siebel User Week 2005,
Barcelona, that Tessiture Pietro Radici ("Radici") has increased
the
number of opportunities in its sales pipeline by 50 percent in 12
months using Siebel CRM
Professional Edition. In addition, the
product offers a seamless migration path to Siebel enterprise
applications and can be deployed in conjunction with Siebel CRM
OnDemand, providing SMBs with
multiple ways to deliver world-class CRM
functionality. Those items for the fourth quarter of 2005
included fixed
asset impairment charges of $2.5 million, a gain of $0.4 times.6
million in favorable
warranty expense, and a $4.7 million versus $100. Excluding fourth
quarter 2004 sales of $3. Included
in the fourth quarter 2005
results were higher raw material costs of $1.9
Decorative Products
61.9) (12.8) - (1.7 $.7
Equity (earnings) loss
in
affiliates, net (.10 par value; 135 million
shares authorized; 42.4 million
shares issued as of November 2005 and 2004,
respectively; 41.4)
Accumulated other
comprehensive income (61.tewes woollen
A community sponsored library.
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