IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

RPM Earnings Soar, Beat Estimates

10:39 AM MDT | April 5, 2012 | Vincent Valk

RPM International reported fiscal third quarter earnings up five-fold from the year-ago period, to $6.6 million, or 5 cts/share, on sales up 14%, to $774 million. Earnings beat analyst estimates of 1 ct/share, according to Thomson Reuters (New York). RPM’s fiscal third quarter ended on February 29.   Sales in the company’s industrial segment rose 12% year-on-year, to $502 million. Segment Ebit was up 57%, to $21 million. Organic sales were up 5% year-on-year, while acquisition-related growth added 7% to total sales. "Most of our industrial...

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