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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

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This stock comes on our radar on the merit of its upbeat quarterly results. We believe the company has solid growth potential, as it expands through accretive acquisitions. In the next few-months, we see the stock touching new highs, and expect at least 20% upside from current levels. The month of February saw the FDA approve the second drug for Duchenne muscular dystrophy namely Emflaza. Now, let's take a look at the biotech stocks awaiting FDA decision in March. The recent week marked the lull before the storm, with very few market moving economic numbers released during the week. However, the economic news flow picks up pace in the upcoming week, offering glimpses into every vehicle of economic growth, ranging from consumers to private sector activity to housing....
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