MEDINA, Ohio (AP) — RPM International Inc. (RPM) on Wednesday reported fiscal third-quarter profit of $38.2 million.
On a per-share basis, the Medina, Ohio-based company said it had net income of 29 cents. Earnings, adjusted for non-recurring costs, were 38 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The specialty chemicals company posted revenue of $1.27 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.2 billion.
RPM International shares have increased almost 4% since the beginning of the year. The stock has climbed 58% in the last 12 months.
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