in this issue
Markets :: Specialty Chemicals :: Paints and Coatings
RPM's earnings rise on higher sales, fewer charges
October 9, 2013 | Vincent Valk
RPM today reported first-quarter net income more than double that of the year-ago quarter, at $103.1 million, on sales up 11.3% year-on-year (YOY), to $1.17 billion. Earnings totaled 77 cts/share, beating analysts’ consensus estimate of 71 cts/share, as reported by Thomson Reuters (New York). RPM’s fiscal first-quarter ended on 31 August. The year-ago quarter included $56.3 million in special charges, most of which was related to a write-down of RPM’s investments in Kemrock Industries and Exports (Vadodara, India). Excluding these charges, sales...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee