What made this stock interesting?
Specialty chemical products company RPM International Inc. (RPM) reported higher adjusted profit and a 6.2% growth in net sales for the first quarter. The company updated fiscal 2013 financial outlook, citing continued robust growth in North America.
- Now sees FY13 adj. EPS to grow in the range of 9% - 12% to $1.80 - $1.85, versus prior view of $1.73 - $1.82 per share. Consensus - $1.80/Shr.
- Now expects FY13 sales growth between 8% and 10%, implying sales between $4.07 bln and $4.15 bln, versus prior target range of $3.96 bln - $4.15 bln. Consensus - $4.08 billion.
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