RPM Earnings Advance on Overseas Industrial Segment Strength

RPM International reported net income of $69.5 million (54 cts/share) for its fiscal first quarter ended August 31, up 2% compared to the year-ago period. Sales rose 6%, to $985.5 million. “Results were in line with our expectations, which anticipated continuing strength in our industrial segment, particularly in overseas markets, weak domestic market conditions for our consumer segment and raw material cost pressure in both segments,” says Frank Sullivan, president and CEO. Its industrial segment posted Ebit of $91.6 million, up 14% over the same...

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