Thursday, April 06, 2017 2:10:52 PM
On a per-share basis, the Medina, Ohio-based company said it had profit of 9 cents. Earnings, adjusted for asset impairment costs, were 14 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The specialty chemicals company posted revenue of $1.02 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $1.04 billion.
RPM International expects full-year earnings in the range of $2.57 to $2.67 per share.
RPM International shares have dropped slightly since the beginning of the year. The stock has climbed 12 percent in the last 12 months.
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