RPM beats estimates on higher sales

摘要

RPM reports fscal fourth-quarter net income up 55.7% year on year (YOY), to $133.4 million, on sales up 2.8%, to $1.60 billion. Excluding some restructuring and other charges, adjusted earnings totaled $1.24/share, up 21.6% YOY and ahead of analysts’ consensus estimate of $1.14/share, as reported by Refnitiv (New York). RPM’s fscal fourth-quarter ended on 31 May. “Sales grew organically by 3.5% YOY, while acquisitions contributed 1.9%.