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RPM earnings rise, beat estimates

8:35 AM MST | January 8, 2014 | Vincent Valk

RPM International today announced fiscal 2014 second-quarter earnings up 52.5% year-on-year (YOY), to $63.6 million, on sales up 5.3%, to $1.02 billion. Earnings rose 21.1% YOY on an adjusted basis, excluding the year-ago quarter’s write-down of an investment in India. Earnings totaled 48 cts/share, beating analysts’ consensus estimate of 45 cts/share, as reported by Thomson Reuters (New York). RPM’s fiscal 2014 second-quarter ended on 30 November 2013. "Second-quarter operating performance was strong, with a vast majority of our operating...

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