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People & Business :: People/Executives
RPM earnings up on strength in industrial segment
9:25 AM MDT | April 3, 2014 | Lindsay Frost
RPM reported net income for the fiscal quarter ended 28 February of $16.2 million compared to a net loss of $42.4 million in the same year-ago quarter. Earnings of 12 cts/share were higher than analyst estimates of 9 cts/share, according to Thomson Reuters. Sales grew 2.3% year-on-year (YOY), to $863.4 million. "We are pleased with RPM's third-quarter performance, especially in light of the severe cold weather during the quarter in North America, which had a pronounced effect on our consumer segment and impacted some of our industrial businesses...
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