Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

RPM Int'l. Q3 Profit Climbs - Quick Facts

RELATED NEWS
Trade RPM now with 

RPM International Inc. (RPM: Quote) 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.

Click here to receive FREE breaking news email alerts for RPM International Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Despite calls from some leading conservatives, the results of a new CNN/ORC International poll released Friday showed that a vast majority of Americans do not believe that President Barack Obama should be impeached and removed from office. After coming under pressure in early trading, stocks have seen some further downside over the course of the trading day on Friday. With the losses on the day, the S&P 500 is pulling back well off the record closing high that it set in the previous session. After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.