RPM International: Fiscal Q1 Earnings Snapshot

MEDINA, Ohio (AP) — MEDINA, Ohio (AP) — RPM International Inc. (RPM) on Wednesday reported fiscal first-quarter net income of $227.7 million.

The Medina, Ohio-based company said it had net income of $1.77 per share. Earnings, adjusted for non-recurring costs, were $1.84 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.

The specialty chemicals company posted revenue of $1.97 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $2.02 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RPM at https://www.zacks.com/ap/RPM

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up