RPM Warns on Fiscal 2009 Earnings

Sullivan: Financials are ‘solid.’ RPM says it expects earnings for fiscal year 2009, ending May 31, 2009, to be below the prior year’s results due to “continued deterioration of economic conditions.” RPM reported earnings of $1.75/share for fiscal year 2008, excluding an asbestos-related charge. “Given the volatility we are seeing in some of our core markets, it is nearly impossible to provide any definitive guidance,” says Frank Sullivan, RPM chairman and CEO. The company says its financials are solid, however...

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