Recession Hits RPM Earnings

RPM says net income for its fiscal second quarter, ended November 30, fell 24%, to $417 million, compared with year-ago results. Earnings decreased 23.3%, to 33 cts/share. Net sales fell 1.7%, to $890 million. The results reflect “the impact of the worldwide recession, particularly on our consumer products segment,” says RPM chairman and CEO Frank...

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