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OM Group Inc. Reports Operating Results (10-K)

February 24, 2011 | About:

OM Group Inc. (NYSE:OMG) filed Annual Report for the period ended 2010-12-31.

Om Group Inc. has a market cap of $1.12 billion; its shares were traded at around $36.37 with a P/E ratio of 12.9 and P/S ratio of 1.3. Hedge Fund Gurus that owns OMG: Bruce Kovner of Caxton Associates, Joel Greenblatt of Gotham Capital, Kenneth Fisher of Fisher Asset Management, LLC, Jim Simons of Renaissance Technologies LLC, George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns OMG: David Dreman of Dreman Value Management, John Buckingham of Al Frank Asset Management, Inc., Chuck Royce of Royce& Associates, Jeremy Grantham of GMO LLC.

Highlight of Business Operations:

The Advanced Materials segment consists of inorganics, a joint venture that operates a smelter in the Democratic Republic of Congo (the DRC) and metal resale. The Advanced Materials segment manufactures inorganic products using unrefined cobalt and other metals and serves the battery materials, powder metallurgy, ceramics and chemical end markets by providing products with functional characteristics critical to the success of our customers. These products improve the electrical conduction of rechargeable batteries used in portable electronic devices such as cellular phones, video cameras, portable computers and power tools as well as various types of electric vehicles. In other applications, these products strengthen and add durability to diamond and machine cutting tools and drilling equipment used in manufacturing, construction, oil and gas drilling, and quarrying. The smelter joint venture, Groupement pour le Traitement du Terril de Lubumbashi Limited (GTL), is owned by the Company (55%); Groupe George Forrest (25%); and La Générale des Carrières et des Mines (Gécamines) (20%). The GTL smelter is a primary source of the Companys cobalt raw material feed. GTL is consolidated in the Companys financial statements because the Company has a controlling interest in the joint venture.

The Companys business serves over 3,700 customers. During 2010, approximately 43% of the Companys net sales were to customers in Asia, 31% to customers in Europe and 26% to customers in the Americas. In the Advanced Materials segment, sales to Nichia Chemical Corporation represented approximately 14%, 16% and 22% of consolidated net sales in 2010, 2009 and 2008, respectively. The loss of this customer could have a material adverse effect on the Companys business, results of operations or financial position. Sales to the top three customers in the Battery Technologies segment represented approximately 50% of Battery Technologies net sales in 2010. The loss of one or more of these customers could have a material adverse effect on Battery Technologies business, results of operations or financial position.

Read the The complete Report

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Charlie Tian, Ph.D. - Founder of GuruFocus. You can now order his book Invest Like a Guru on Amazon.

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