logo
Share SHARE
FONT-SIZE Plus   Neg

RPM Int'l. Q3 Profit Climbs - Quick Facts

RPM International Inc. (RPM) posted a surge in its third-quarter net income attributable to RPM stockholders to $6.62 million from $1.1 million in the year-ago period, with earnings per share jumping to $0.05 from last year's $0.01. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $0.01 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly net sales totaled $773.64 million, up 14.0% from $678.92 million in the comparable period prior year, whereas 5 analysts estimated revenues of $730.38 million for the quarter.

Chairman and Chief Executive noted, "RPM's operations delivered exceptional performance during our third quarter, with market share gains and improved demand, as nearly all of our business units generated solid sales increases and substantially stronger growth in earnings."

Additionally, the company said it remains confident in its fiscal 2012 initial guidance of earnings per share growth of 10% to 15%, and that fiscal 2013 would be another year of solid sales and earnings growth for RPM.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Just over a year in market and it is getting out from the stores - That's going to be the fate for Microsoft's affordable Windows tablet, the Surface 3. The firm reportedly has confirmed its plans to end the production of the Surface 3 by the end of December 2016, citing the limited inventory for the device. Delta Air Lines Inc. (DAL) pilots, represented by the Air Line Pilots Association International, are picketing on Friday at several airports across the country. The pilots said the picketing was to raise the sense of urgency in ongoing contract negotiations. The negotiations between the pilots... Charter Communications, and its recently acquired subsidiary Time Warner Cable, have been regularly overcharging its consumers to a tune of $7.2 million per year, according to a report from the U.S. Senate's Permanent Subcommittee on Investigations. According to the report, Time Warner Cable over-billed...
comments powered by Disqus
Follow RTT