RPM Posts Big Third-Quarter Rise in Income

Sullivan: Benefits from market gains. RPM reported net income of $12.2 million (10 cts/share) for its fiscal third quarter ended February 29, an increase of 21% over the year-ago period, and well ahead of First Call’s (Boston) estimates of 6 cts/share. Sales rose 8%, to $731.8 million. RPM cites “continued robust industrial demand,” particularly in Canada, Europe, and Latin America. “Despite the tough U.S. housing market and domestic economy, our consumer segment performed well, as we benefited from prior-year acquisitions along with the...

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