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RPM's Earnings Rise on Consumer Segment Strength

9:24 AM MDT | October 5, 2009 | Nancy Seewald

RPM International reported net income of $73 million (57 cts/share) for its fiscal first quarter 2010 ended August 31, up 5% from the same period last year, and ahead of analysts’ consensus of 44 cts/share, as reported by Thomson Reuters (New York). The company’s consumer segment drove the growth, offsetting declines in earnings in RPM’s industrial segment. Sales fell 7%, to $916 million, due in part to unfavorable currency exchange rates. “The advantage of our deliberate strategic balance between consumer and industrial markets was...

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