in this issue
Regions :: North America
RPM sales rise, but adjusted earnings fall short of estimates
9:00 AM MST | January 8, 2013 | Vincent Valk
RPM’s fiscal second-quarter net income was down 16.5% year-on-year (YOY), to $41.7 million, on sales up 11.1%, to $1.02 billion. Net income was negatively impacted by a $10.8 million write-down of RPM’s equity investment in Kemrock Industries (India). Excluding that and a positive charge on the prior-year-quarter’s results, adjusted net income was up 17.4%, to $52.5 million. Adjusted earnings totaled 40 cts/share, short of analysts’ consensus of 42 cts/share, as reported by Thomson Reuters (New York). RPM’s fiscal second quarter...
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