IHS Chemical Week

RPM earnings rise; segment results hit by contract investigation

11:17 AM MDT | April 4, 2013

RPM’s fiscal third-quarter net income rose 30.8% year-on-year (YOY), to $8.7 million, on sales up 9.1%, to $843.7 million. Earnings totaled 7 cts/share, beating analysts’ consensus estimate of 6 cts/share, as reported by Thomson Reuters (New York). RPM’s fiscal third-quarter ended on 28 February. "Net sales, net income, and diluted earnings per share... all increased significantly, on an as-adjusted basis, driven by strong performance in all of our consumer segment businesses and in many industrial segment businesses. Together with accretive acquisitions...

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