Shares of RPM International Inc. (RPM) are climbing about 12 percent on Wednesday morning trading after the company reported third-quarter financial results and leadership changes.
The company's shares are currently trading at $108.66 on the New York Stock Exchange, up 12.36 percent. The stock opened at $110.60 and has climbed as high as $111.16 so far in today's session. Over the past year, it has traded in a range of $92.92 to $129.12.
The company reported revenue of $1.60 billion for the quarter, up from $1.47 billion last year. Meanwhile, profit declined to $51.36 million, or $0.40 per share, compared to $52.03 million, or $0.40 per share, in the previous year.
Additionally, RPM named Tom Schweiger as the Chief Financial Officer, succeeding Don Harmeyer, who was promoted to the Group President role.
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