RPM International: Fiscal 2Q Earnings Snapshot
MEDINA, Ohio (AP) _ RPM International Inc. (RPM) on Wednesday reported fiscal second-quarter net income of $127.7 million.
On a per-share basis, the Medina, Ohio-based company said it had profit of 98 cents. Earnings, adjusted for non-recurring costs, came to $1.06 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The specialty chemicals company posted revenue of $1.49 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.46 billion.
RPM International shares have fallen roughly 2% since the beginning of the year. The stock has increased 19% in the last 12 months.