IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

RPM Net Income Rises 18%, Beats Estimates

8:57 AM MDT | July 23, 2012 | Vincent Valk

RPM’s fiscal fourth-quarter net income rose 18% year-on-year, to $83 million, on net sales up 12%, to $1.1 billion. Earnings totaled 63 cts/share, beating analysts’ consensus of 61 cts/share, as reported by Thomson Reuters (New York). RPM’s fiscal fourth quarter ended on May 31.   Sales in the company’s industrial segment were up 16% year-on-year, to $725 million, while segment EBIT rose 29%, to $90 million. “Areas of particular strength included industrial maintenance coatings and corrosion control coatings, which have...

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