RPM's Pro-Forma Sales and Earnings Rise; Beats Wall Street Estimates

RPM International reported declines in net income and sales for its fiscal first quarter 2011 ended August 31 because of the deconsolidation of the company’s Specialty Products Holding Corp. (SPHC) subsidiaries. Those companies reported through RPM's industrial segment, at the end of the company's 2010 fiscal year. Net income fell 6%, to $69 million (53 cts/share), on sales down 2%, to $895 million. Consolidated Ebit was $122.0 million, up 1% from the year-ago period. The consensus of analysts' estimates was for 51 cts/share as reported by Thomson Reuters...

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