RPM International Q2 Adj. EPS Meets Estimates, But Sales Miss

RTTNews | vor 595 Tagen
RPM International Q2 Adj. EPS Meets Estimates, But Sales Miss

(RTTNews) - RPM International, Inc. (RPM) reported Thursday that net income attributable to RPM for the second quarter grew to $145.51 million or $1.13 per share from $131.34 million or $1.02 per share in the prior-year quarter.

Excluding special items, adjusted earnings for the quarter was $1.22 per share, compared to $1.10 per share in the year-ago quarter.

Net sales for the quarter remained relatively flat at $1.79 billion.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.22 per share on net sales of $1.84 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the third quarter, the company now projects consolidated sales to be flat compared to prior-year record results and consolidated adjusted EBIT growth of 25 to 35 percent. The Street is looking for net sales of $1.59 billion for the quarter.

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RPM International Q4 Adj. EPS Tops Estimates, But Sales Meet

RPM International Q4 Adj. EPS Tops Estimates, But Sales Meet

RPM International, Inc. (RPM) reported Thursday that net income attributable to RPM for the fourth quarter grew to $180.61 million or $1.40 per share from $151.36 million or $1.18 per share in the prior-year quarter.
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RPM International, Inc. (RPM) reported Monday that net income attributable to RPM for the fourth-quarter grew to $199.0 million or $1.54 per share from $156.1 million or $1.20 per share in the prior-year quarter. Excluding special items, adjusted earnings for the quarter was $1.42 per share.
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Swiss Market Ends Weak

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The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
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European Stocks Close On Mixed Note Again

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European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns. Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.
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Eurozone Consumer Confidence Weakens More Than Expected In August

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Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.
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U.S. Leading Economic Index Edges Down In Line With Estimates In July

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A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
RTTNews | vor 5Std 38 Minuten