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
General Motors (GM) luxury brand is offering 400 dealers as it reshapes the brand's image to better compete with rivals, according to media reports. The Detroit auto maker will provide as much as $180,000 in "transition assistance" to U.S. Cadillac dealers unwilling to invest in a set of new standards... Hotwire of Expedia Inc. cautioned customers about a fake fax memo. The memo, offering deep travel discounts, has an old corporate Hotwire logo in it to falsely imply a connection with Hotwire. It carries phone numbers which are not related to travel booking site. A Singapore-based music start-up has acquired a 49 percent stake in the iconic music and pop culture-focused magazine Rolling Stone, becoming the first outsider investor in the magazine. Financial terms of the deal, which will enable Rolling Magazine to expand its international reach, were not disclosed.
comments powered by Disqus
Follow RTT