RPM International Inc. (RPM) reported that its second-quarter net income declined 16.5% to $41.7 million from $49.9 million last year. Earnings per share fell 18.4% to $0.31 from $0.38 a year ago.
Second-quarter net income improved 17% over prior year, excluding one-time adjustments in both years. On an as adjusted basis, excluding the Kemrock impact from both periods, adjusted earnings per share improved 17.6% to $0.40 from $0.34 a year ago.
Analysts polled by Thomson Reuters expected the company to report earnings per share of $0.42 for the quarter. Analysts' estimates typically exclude special items.
Net sales increased 11.1% to $1.02 billion from $916.1 million a year ago. Analysts expected revenue of $998.28 million for the quarter.
The company reiterated its fiscal 2013 guidance and continues to expect sales growth of 8% to 10% and growth in earnings per share of 9% to 12%, which equates to an EPS range of $1.80 to $1.85, on an as adjusted basis.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.