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

RTTNews | 595 일 전
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

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RPM International Q4 Adj. EPS Misses Estimates; Guides Q1 Sales

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RTTNews | 1123 일 전
U.S. Leading Economic Index Edges Down In Line With Estimates In July

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Philly Fed Index Unexpectedly Returns To Negative Territory In August

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Manufacturing activity in the Philadelphia area has weakened in the month of August, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to a negative 0.3 in August from a positive 15.9 in July, with a negative reading indicating contraction.
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U.S. Jobless Claims Rise More Than Expected To 235,000

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First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended August 16th, according to a repot released by the Labor Department on Thursday. The report said initial jobless claims climbed to 235,000, an increase of 11,000 from the previous week's unrevised level of 224,000. Economists had expected jobless claims to inch up to 225,000.
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