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Services :: Financial
RPM Net Income Rises 2.3%
8:33 AM MST | January 5, 2012 | Vincent Valk
RPM’s fiscal 2012 second-quarter net income rose 2.3%, to $49.9 million, on net sales up 10.2%, to $916.1 million. Earnings totaled 38 cts/share, flat with the same period a year ago. Acquisition expenses and higher raw material costs are the reasons why income growth lagged behind sales growth, says RPM CEO Frank Sullivan. "Raw material costs continued to be a challenge during our second quarter and typically have a more significant impact on our consumer segment, which faces longer lead times in adjusting prices than our industrial...
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