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OM Group Reports Third-Quarter Revenue and Earnings Growth

November 4, 2010

CLEVELAND, Nov. 4, 2010 /PRNewswire-FirstCall/ — OM Group, Inc. (NYSE: OMG) today announced financial results for the third quarter ended September 30, 2010.

Net sales increased 26 percent to $297.2 million on a year-over-year comparison, due to the Battery Technologies acquisition, higher selling prices, mix and cobalt volume in Advanced Materials and volume growth in Specialty Chemicals. Net income was $24.2 million, or $0.79 per diluted share, compared with $11.4 million, or $0.38 per diluted share, during the third quarter of 2009. Income from continuing operations was $0.76 per diluted share compared with $0.32 per diluted share last year.

“Our third-quarter results demonstrate the positive organic growth in both sales and earnings we can harness from favorable end market trends,” said Joseph M. Scaminace, chairman and chief executive officer. “This organic growth, combined with the solid financial contributions of our acquired Battery Technologies business and our ability to continue to control costs has allowed us to continue to generate profitable growth for our shareholders. Furthermore, by maintaining our balance sheet strength, we ensure we have the financial flexibility needed to fund our strategic expansion and enhance our long-term value creation.”

Gross profit and operating profit grew 74 percent and 243 percent, respectively. Improvement was driven by positive price and mix and cobalt volumes in Advanced Materials, volume growth in Specialty Chemicals, the acquisition in Battery Technologies and lower restructuring expense in Specialty Chemicals. Partially offsetting these were lower price and mix in Specialty Chemicals and higher manufacturing and distribution expense in Advanced Materials. As a percent of sales, gross profit and operating profit improved to 25.0 percent and 11.7 percent, respectively.

Selling, general and administrative expenses were up 23 percent, but lower as a percent of sales, compared with the same period in 2009 due to the Battery Technologies acquisition and an increase related to performance-based employee incentive compensation.

During the third quarter, cash provided by operating activities was $65.8 million compared with $36.9 million last year, and total debt was reduced by $20 million to $120 million. Cash balance at the end of the quarter was $446.8 million.

BUSINESS SEGMENT RESULTS (all comparisons with the third quarter of 2009)

Advanced Materials

  • Net sales were $148.5 million, up 17 percent
  • Excluding metal resale and by-product sales, product volumes were flat as growth in powder metallurgy, ceramics and chemicals was offset by slight decreases in battery materials
  • Operating profit was $28.3 million (19.1 percent of sales), up 77 percent
  • Average quarterly reference price of low grade cobalt was $18.10 per pound, up from $17.30

Specialty Chemicals

  • Net sales were $113.3 million, up 4 percent
  • Demand was higher in electronic technologies end markets while volumes fell in Advanced Organics due to the closure of the Manchester, England facility
  • Operating profit was $12.4 million (10.9 percent of sales), up $10.7 million due mostly to higher restructuring expense in 2009

Battery Technologies

  • Net sales were $35.7 million
  • Operating profit was $3.1 million
  • Note: This segment is comprised of EaglePicher Technologies, which was acquired on January 29, 2010. Comparison to previous year not provided.

OUTLOOK

“We have seen growth across nearly all our end markets through the first nine months of 2010 as we have benefited from the global economic recovery,” commented Scaminace. “Although we anticipate markets will follow typical seasonal trends during the fourth quarter, we expect continued growth across our portfolio of businesses in 2011. This is based on our view that long-term demand trends are favorable across the end markets we serve, particularly within our growth platforms of portable power and electronic chemicals. We also expect to benefit from organic growth from market share gains and new product introductions.”

In the near term, Scaminace noted that Advanced Materials volumes should be flat in the fourth quarter compared with the third quarter as growth in battery materials will be offset by seasonal softness in powder metallurgy, chemicals and ceramics. Specialty Chemicals is expected to be down in the fourth quarter with seasonal declines in the electronic technologies and Advanced Organics markets. Battery Technologies is seeing stable demand from its principal markets, with some decline in the fourth quarter due to timing of deliveries.

“I remain extremely confident in OM Group’s ability to achieve the long-term strategic vision we have articulated,” Scaminace concluded. “We are growing within sectors that are not reliant upon volatile metal prices. We have reduced our cost structure, including restructuring our Advanced Organics business. And our recent acquisitions are performing well. Coupled with our strong and flexible balance sheet, we continue to make progress toward our objective to create meaningful market value for our customers, employees and shareholders.”

For purposes of this release, discussions related to income (loss) from continuing operations or net income (loss) pertain to amounts attributable to OM Group, Inc. common shareholders.

PRESENTATION OF NON-GAAP FINANCIAL INFORMATION

The Company is including certain non-GAAP financial measures, including Income (loss) from continuing operations attributable to OM Group, Inc. and Earnings per share common share – assuming dilution, both as adjusted for special items. “Income (loss) from continuing operations attributable to OM Group, Inc. – as adjusted for special items” is a non-GAAP measure used in this release. It is defined and reconciled to what management believes to be the most comparable GAAP measure in a schedule attached to this release. The Company believes that the non-GAAP financial measure facilitates a comparative assessment of the Company’s operating performance and will enhance investors’ understanding of the performance of the Company’s operations during 2010 and of the comparability of the 2010 results to the results of the relevant prior period. Such non-GAAP financial measures are unique to the Company and may not be employed by other companies. The non-GAAP financial information should not be construed as an alternative to reported results determined in accordance with U.S. GAAP.

WEBCAST INFORMATION

OM Group has scheduled a conference call and live audio broadcast on the Web for 10 a.m. Eastern time today. Investors may access the live audio broadcast by logging on to http://investor.omgi.com. A copy of management’s presentation materials will be available on OMG’s website at the time of the call. The company recommends visiting the website at least 15 minutes prior to the webcast to download and install any necessary software. A webcast audio replay will be available on the “Investor Relations – Presentations” page of the company’s website three hours after the call.

ABOUT OM GROUP, INC.

OM Group, Inc. is a leading global solutions provider of specialty chemicals, advanced materials, electrochemical energy storage and unique technologies crucial to enabling our customers to meet increasingly stringent market and application requirements. The company serves a wide variety of sectors, including rechargeable batteries, electronic devices, cutting tools, petrochemical catalysts, electronics manufacturing, industrial coatings, defense, aerospace, and medical devices. Headquartered in Cleveland, Ohio, OM Group operates manufacturing facilities in the Americas, Europe, Asia and Africa. For more information, visit the company’s Web site at http://www.omgi.com.

FORWARD-LOOKING STATEMENTS

The foregoing discussion may include forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon specific assumptions and are subject to uncertainties and factors relating to the company’s operations and business environment, all of which are difficult to predict and many of which are beyond the control of the company. These uncertainties and factors could cause actual results of the company to differ materially from those expressed or implied in the forward-looking statements contained in the foregoing discussion. Such uncertainties and factors include: the potential impact that global economic and financial market crisis may have on our business and operations, including future goodwill impairments; the direction and pace of our strategic transformation, including identification of and the ability to finance potential acquisitions; the operation of our critical business facilities without interruption; the speed and sustainability of price changes in cobalt; the potential for lower of cost or market write-downs of the carrying value of inventory necessitated by decreases in the market price of cobalt or the selling prices of the Company’s finished products; the availability of competitively priced supplies of raw materials, particularly cobalt; the demand for metal-based specialty chemicals and products in the Company’s markets; the impact of environmental regulations on our operating facilities and the impact of new or changes to current environmental, health and safety laws on our products and their use by our customers; the effect of fluctuations in currency exchange rates on the Company’s international operations; the effect of non-currency risks of investing and conducting operations in foreign countries, including political, social, economic and regulatory factors; the effect of changes in domestic or international tax laws; and the general level of global economic activity and demand for the Company’s products.

                         OM Group, Inc. and Subsidiaries
                 Unaudited Condensed Consolidated Balance Sheets
                                           September 30,   December 31,
    (In thousands)                                    2010          2009
                                                      ----          ----
    ASSETS
    Current assets
      Cash and cash equivalents                   $446,756      $355,383
      Accounts receivable, less allowances         158,877       123,641
      Inventories                                  284,163       287,096
      Refundable and prepaid income taxes           48,154        44,474
      Other current assets                          44,879        32,394
                                                    ------        ------
          Total current assets                     982,829       842,988

    Property, plant and equipment, net             256,260       227,115
    Goodwill                                       301,874       234,189
    Intangible assets                              153,866        79,229
    Notes receivable from joint venture
     partner, less allowance                        13,915        13,915
    Other non-current assets                        52,875        46,700
                                                    ------        ------
          Total assets                          $1,761,619    $1,444,136
                                                ==========    ==========

    LIABILITIES AND STOCKHOLDERS' EQUITY
    Current liabilities
      Current portion of long-term debt            $30,000            $-
      Accounts payable                             175,585       139,173
      Accrued income taxes                          17,946         7,522
      Accrued employee costs                        31,257        18,168
      Other current liabilities                     44,798        24,099
                                                    ------        ------
          Total current liabilities                299,586       188,962

    Long-term debt                                  90,000             -
    Deferred income taxes                           32,504        27,453
    Uncertain tax positions                         14,961        15,733
    Pension liability                               55,160        15,799
    Other non-current liabilities                   24,808        20,057

    EQUITY:
    Total OM Group, Inc. stockholders'
     equity                                      1,204,935     1,131,305
    Noncontrolling interest                         39,665        44,827
                                                    ------        ------
    Total equity                                 1,244,600     1,176,132
    Total liabilities and equity                $1,761,619    $1,444,136
                                                ==========    ==========

                          OM Group, Inc. and Subsidiaries
             Unaudited Condensed Statements of Consolidated Operations

                                           Three Months Ended
                                              September 30,
                                              -------------
    (In thousands, except per
     share data)                            2010          2009
                                            ----          ----
    Net sales                           $297,222      $235,239
    Cost of products sold
     (excluding restructuring
     charges)                            221,835       181,183
    Restructuring charges                1,106        11,377
                                         -----        ------
    Gross profit                        74,281        42,679
    Selling, general and
     administrative expenses            39,473        32,103
    Goodwill impairment, net                 -          (125)
    Restructuring charges
     (reversals)                           (37)          551
    Gain on termination of retiree
     medical plan                            -             -
                                           ---           ---
    Operating profit (loss)             34,845        10,150
    Other income (expense):
       Interest expense                 (1,481)          (76)
       Interest income                     255           193
       Foreign exchange gain (loss)       (688)         (215)
       Other expense, net                  183           (25)
                                           ---           ---
                                        (1,731)         (123)
                                        ------          ----
    Income (loss) from continuing
     operations before income tax
     expense                            33,114        10,027
    Income tax expense                  (9,159)         (921)
                                        ------          ----
    Income (loss) from continuing
     operations, net of tax             23,955         9,106
    Income from discontinued
     operations, net of tax              1,003         1,846
                                         -----         -----
    Consolidated net income (loss)      24,958        10,952
    Net (income) loss attributable
     to the noncontrolling
     interest                             (757)          473
    Net income (loss) attributable
     to OM Group, Inc.                 $24,201       $11,425
                                       =======       =======

    Earnings per common share -
     basic:
               Income (loss) from
               continuing operations
               attributable to OM
               Group, Inc.
                common shareholders      $0.76         $0.32
               Income from
               discontinued
               operations
               attributable to OM
               Group, Inc.
                common shareholders       0.03          0.06
               Net income (loss)
               attributable to OM
               Group, Inc. common
                shareholders             $0.79         $0.38
                                         =====
    Earnings per common share -
     assuming dilution:
               Income (loss) from
               continuing operations
               attributable to OM
               Group, Inc.
                common shareholders      $0.76         $0.32
               Income from
               discontinued
               operations
               attributable to OM
               Group, Inc.
                common shareholders       0.03          0.06
               Net income (loss)
               attributable to OM
               Group, Inc. common
                shareholders             $0.79         $0.38
                                         =====

    Weighted average shares
     outstanding -basic                 30,474        30,265
    Weighted average shares
     outstanding -assuming
     dilution                           30,560        30,436

    Amounts attributable to OM
     Group, Inc. common
     shareholders:
               Income (loss) from
               continuing
               operations, net of
               tax                     $23,198        $9,579
               Income from
               discontinued
               operations, net of
               tax                       1,003         1,846
              Net income (loss)        $24,201       $11,425
                                       =======


                                            Nine Months Ended
                                              September 30,
                                              -------------
    (In thousands, except per
     share data)                            2010           2009
                                            ----           ----
    Net sales                           $903,518       $630,297
    Cost of products sold
     (excluding restructuring
     charges)                            687,512        515,192
    Restructuring charges                1,913         11,377
                                         -----         ------
    Gross profit                       214,093        103,728
    Selling, general and
     administrative expenses           116,901        100,542
    Goodwill impairment, net                 -         37,504
    Restructuring charges
     (reversals)                           141            551
    Gain on termination of retiree
     medical plan                                      (4,693)
                                                       ------
    Operating profit (loss)             97,051        (30,176)
    Other income (expense):
       Interest expense                 (3,794)          (608)
       Interest income                     641            726
       Foreign exchange gain (loss)     (8,088)           650
       Other expense, net                 (210)          (235)
                                          ----           ----
                                      (11,451)            533
                                       -------            ---
    Income (loss) from continuing
     operations before income tax
     expense                            85,600        (29,643)
    Income tax expense                (31,791)         (6,650)
                                       -------         ------
    Income (loss) from continuing
     operations, net of tax             53,809        (36,293)
    Income from discontinued
     operations, net of tax                622          1,785
                                           ---          -----
    Consolidated net income (loss)      54,431        (34,508)
    Net (income) loss attributable
     to the noncontrolling
     interest                            5,159          2,325
    Net income (loss) attributable
     to OM Group, Inc.                 $59,590       $(32,183)
                                       =======       ========

    Earnings per common share -
     basic:
               Income (loss) from
               continuing operations
               attributable to OM
               Group, Inc.
                common shareholders      $1.94         $(1.12)
               Income from
               discontinued
               operations
               attributable to OM
               Group, Inc.
                common shareholders       0.02           0.06
               Net income (loss)
               attributable to OM
               Group, Inc. common
                shareholders             $1.96         $(1.06)
                                         =====
    Earnings per common share -
     assuming dilution:
               Income (loss) from
               continuing operations
               attributable to OM
               Group, Inc.
                common shareholders      $1.93         $(1.12)
               Income from
               discontinued
               operations
               attributable to OM
               Group, Inc.
                common shareholders       0.02           0.06
               Net income (loss)
               attributable to OM
               Group, Inc. common
                shareholders             $1.95         $(1.06)
                                         =====

    Weighted average shares
     outstanding -basic                 30,417         30,236
    Weighted average shares
     outstanding -assuming
     dilution                           30,535         30,236

    Amounts attributable to OM
     Group, Inc. common
     shareholders:
               Income (loss) from
               continuing
               operations, net of
               tax                     $58,968       $(33,968)
               Income from
               discontinued
               operations, net of
               tax                         622          1,785
              Net income (loss)        $59,590       $(32,183)
                                       =======

                      OM Group, Inc. and Subsidiaries
         Unaudited Condensed Statements of Consolidated Cash Flows

                              Three Months Ended           Nine Months Ended
                                September 30,                September 30,
                              ------------------        -----------------
    (In thousands)            2010            2009       2010            2009
                              ----            ----       ----            ----
    Operating activities
    Consolidated net
     income (loss)         $24,958         $10,952    $54,431        $(34,508)
    Adjustments to
     reconcile
     consolidated net
     income (loss) to
     net cash provided
     by operating
     activities:
      Income from
       discontinued
       operations           (1,003)         (1,846)      (622)         (1,785)
      Depreciation and
       amortization         13,340          14,355     40,186          41,110
      Share-based
       compensation
       expense               1,372           1,458      4,151           4,586
      Tax deficiency
       (excess tax
       benefit) on
       exercise/vesting
       of share awards           -            2     (93)         424
      Foreign exchange
       (gain) loss             688             215      8,088            (650)
      Goodwill impairment
       charges, net              -            (125)         -          37,504
      Restructuring
       charges               1,069          11,928      2,054          11,928
      Gain on termination
       of retiree medical
       plan                      -               -          -          (4,693)
      Other non-cash
       items                (3,416)         (1,146)       576           5,051
    Changes in operating
     assets and
     liabilities,
     excluding the
     effect of business
     acquisitions
      Accounts receivable    9,090         (14,386)   (22,654)          4,183
      Inventories          (17,755)          3,388     30,393          40,804
      Accounts payable      26,183          17,528     30,127          11,111
      Other, net            11,274          (5,401)    15,037         (10,509)
                            ------          ------     ------         -------
    Net cash provided by
     operating
     activities             65,800          36,922    161,674         104,556

    Investing activities
    Expenditures for
     property, plant and
     equipment              (5,201)         (6,765)   (16,003)        (22,128)
    Acquisitions                 -               -   (171,979)              -
    Other, net                (427)            (60)      (777)         (2,451)
                              ----             ---       ----          ------
    Net cash used for
     investing
     activities             (5,628)         (6,825)  (188,759)        (24,579)

    Financing activities
    Payments of long-
     term debt and
     revolving line of
     credit                (20,000)              -   (125,000)        (26,141)
    Proceeds from the
     revolving line of
     credit                      -               -    245,000               -
    Debt issuance costs          -               -     (2,596)              -
    (Tax deficiency)
     excess tax benefit
     on exercise/
     vesting of share
     awards                      -           (2)     93         (424)
    Proceeds from
     exercise of stock
     options                     -              11      3,802              11
    Payment related to
     surrendered shares          -             (11)    (1,209)           (535)
    Net cash provided by
     (used for)
     financing
     activities            (20,000)             (2)   120,090         (27,089)

    Effect of exchange
     rate changes on
     cash                    5,183           2,106     (1,599)          2,801
                             -----           -----     ------           -----

    Cash and cash
     equivalents
    Increase in cash and
     cash equivalents
     from continuing
     operations             45,355          32,201     91,406          55,689
    Discontinued
     operations -net
     cash used for
     operating
     activities                (35)           -     (33)           -
    Balance at the
     beginning of the
     period                401,436         268,273    355,383         244,785
                           -------         -------    -------         -------
    Balance at the end
     of the period        $446,756        $300,474   $446,756        $300,474
                          ========        ========   ========        ========

                         OM Group, Inc. and Subsidiaries
                          Unaudited Segment Information

                              Three Months Ended         Nine Months Ended
                                September 30,              September 30,
                              ------------------     -----------------
    (In thousands)             2010          2009      2010          2009
                               ----          ----      ----          ----

    Net Sales
      Advanced Materials   $148,455      $126,668  $468,685      $339,650
      Specialty Chemicals   113,337       109,400   352,786       292,664
      Battery Technologies
       (a)                   35,720             -    82,723             -
      Intersegment items       (290)         (829)     (676)       (2,017)
                               ----          ----      ----        ------
                           $297,222      $235,239  $903,518      $630,297
                           ========      ========  ========      ========

    Operating profit
     (loss)
      Advanced Materials    $28,332       $15,984   $74,925       $27,386
      Specialty Chemicals
       (b) (c)               12,409         1,710    47,961       (38,097)
      Battery Technologies
       (a)                    3,068             -     1,974             -
      Corporate (d)          (8,964)       (7,544) (27,809)       (19,465)
                             ------        ------   -------       -------
                            $34,845       $10,150   $97,051      $(30,176)
                            =======       =======   =======      ========
    (a)  includes activity since the acquisition of EaglePicher Technologies
         on January 29, 2010.

    (b)  includes a $37.5 million non-cash goodwill impairment charge in the
         nine months ended September 30, 2009

    (c)  includes a $1.1 million and $2.1 million restructuring charge in the
         three and nine months ended September 30, 2010, respectively, and an
         $11.9 million restructuring charge in the three and nine months
         ended September 30, 2009.

    (d)  includes $2.2 million of fees related to the EaglePicher Technologies
         acquisition in the nine months ended September 30, 2010 and a $4.7
         million gain on the termination of the Company's retiree medical
         plan in the nine months ended September 30, 2009.


                                 Three Months Ended      Nine Months Ended
                                   September 30,           September 30,
                                 ------------------  -----------------
                                  2010          2009   2010         2009
                                  ----          ----   ----         ----
    Volumes
      Advanced Materials
      Product sales volume -
       metric tons*              3,672         3,682 10,778        9,803
      Other Volume (cobalt metal
       resale and by-product
       sales)                    2,422         3,353  8,307       10,581
      Cobalt refining volume -
       metric tons               2,578         2,429  6,851        6,618
      *excludes cobalt metal
       resale and by-product
       sales.

      Specialty Chemicals
      Advanced Organics sales
       volume -metric tons       5,293         5,897 17,423       16,784
      Electronic Chemicals sales
       volume -gallons
       (thousands)               2,716         2,387  8,330        6,274
      Ultra Pure Chemicals sales
       volume -gallons
       (thousands)               1,500         1,205  4,325        3,334
      Photomasks -number of
       masks                     7,751         6,645 22,201       20,076

                        OM Group, Inc. and Subsidiaries
                          Non-GAAP Financial Measure

                                    Three months
                                        ended           Three months ended
                                    September 30,
                                        2010          September 30, 2009
                                  --------------      ------------------
    (in thousands, except                 Diluted               Diluted
     per share data)                 $      EPS             $      EPS
                                   ---   --------         ---  --------

    Net income attributable
     to OM Group, Inc. -as
     reported                  $24,201       $0.79    $11,425      $0.38

    Less:
       Income (loss) from
        discontinued
        operations, net of tax   1,003        0.03      1,846       0.06
                                 -----        ----      -----       ----

    Income from continuing
     operations
     attributable
       to OM Group, Inc. -as
        reported               $23,198       $0.76     $9,579      $0.32

    Special items --income
     (expense):
       Discrete tax items -
        OMG portion                329        0.01      1,680       0.06
       EaglePicher  -deferred
        revenue (sales)
        valuation, net of tax     (138)          -          -          -
       Restructuring charges,
        net of tax             (1,069)       (0.04)   (10,028)     (0.33)
       Goodwill impairment
        charge                       -           -        125          -
                                   ---         ---        ---        ---

    Income from continuing
     operations
     attributable
       to OM Group, Inc. -as
        adjusted for special
        items                  $24,076       $0.79    $17,802      $0.58
                               =======       =====    =======      =====

    Weighted average shares
     outstanding -diluted                   30,560                30,436

                               Nine months ended    Nine months ended
                                  September 30,
                                        2010        September 30, 2009
                                  --------------    ------------------
    (in thousands, except                 Diluted               Diluted
     per share data)                 $      EPS             $      EPS
                                   ---   --------         ---  --------

    Net income (loss)
     attributable to OM
     Group, Inc. -as
     reported                  $59,590       $1.95   $(32,183)    $(1.06)

    Less:
       Income (loss) from
        discontinued
        operations, net of tax     622        0.02      1,785      $0.06
                                   ---        ----      -----      -----

    Income (loss) from
     continuing operations
     attributable
       to OM Group, Inc. -as
        reported               $58,968       $1.93   $(33,968)    $(1.12)

    Special items --income
     (expense):
       Discrete tax items -
        OMG portion            (2,105)       (0.07)    (1,679)     (0.06)
       EaglePicher  -
        inventory (COGS) and
        deferred revenue
        (sales) valuation, net
        of tax                 (2,748)       (0.09)      -          -
       Restructuring charges,
        net of tax             (1,956)       (0.06)   (10,028)     (0.33)
      Goodwill impairment
       charge                        -           -    (37,504)     (1.24)
      Intangible asset
       impairment charge             -           -     (1,229)     (0.04)
      Gain on termination of
       retiree medical plan          -           -      4,693       0.16
                                   ---         ---      -----       ----

    Income from continuing
     operations
     attributable
        to OM Group, Inc. -as
         adjusted for special
         items                 $65,777       $2.15    $11,779      $0.39
                               =======       =====    =======      =====

    Weighted average shares
     outstanding -diluted                   30,535                30,364
    Presentation of Non-GAAP Financial Information

    The Company is including certain non-GAAP financial measures,
    including Income (loss) from continuing operations attributable to
    OM Group, Inc. and Earnings per share common share - assuming
    dilution, both as adjusted for special items. "Income (loss) from
    continuing operations attributable to OM Group, Inc. - as adjusted
    for special items" is a non-GAAP financial measure that the
    Company's management uses as an important metric in evaluating the
    performance of the Company's business. The table above presents a
    reconciliation of the Company's GAAP results, as reported (both net
    income (loss) attributable to OM Group, Inc. and income (loss) from
    continuing operations attributable to OM Group, Inc.), to its non-
    GAAP results after adjusting for the special items shown. The
    Company believes that the non-GAAP financial measure presented in
    the table above facilitates a comparative assessment of the
    Company's operating performance and will enhance investors'
    understanding of the performance of the Company's operations during
    2010 and of the comparability of the 2010 results to the results of
    the relevant prior period. Such non-GAAP financial measures are
    unique to the Company and may not be employed by other companies.
    The non-GAAP financial information set forth in the table above
    should not be construed as an alternative to reported results
    determined in accordance with U.S. GAAP.

SOURCE OM Group, Inc.


Source: newswire



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