RPM International Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2018; Provides Earnings Guidance for the Third Quarter of 2019
January 04, 2019 at 05:16 pm IST
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RPM International Inc. reported unaudited consolidated earnings results for the second quarter and six months ended November 30, 2018. For the quarter net sales were $1,362,531,000 against $1,315,416,000 a year ago. Income before income taxes was $66,593,000 against $109,181,000 a year ago. Net income was $49,173,000 against $95,858,000 a year ago. Basic earnings per share was $0.37 against $0.72 a year ago. Diluted earnings per share was $0.37 against $0.70 a year ago. Net income attributable to company stockholders was $49,224,000 compared to $95,463,000 a year ago.
For the six months net sales were $2,822,520,000 against $2,660,810,000 a year ago. Income before income taxes was $158,531,000 against $264,465,000 a year ago. Net income was $119,359,000 against $212,761,000 a year ago. Basic earnings per share was $0.90 against $1.59 a year ago. Diluted earnings per share was $0.89 against $1.56 a year ago. Net income attributable to company stockholders was $118,988,000 compared to $211,879,000 a year ago.
For third quarter of 2019, company expects third-quarter EPS in the range of $0.10 to $0.12.
RPM International Inc., through its subsidiaries, manufacture, market and sell various specialty chemical product lines, including specialty paints, infrastructure rehab and repair products, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance and improvement needs of the industrial, specialty and consumer markets. It operates through four segments: Construction Products Group (CPG), Performance Coatings Group (PCG), Consumer Group (Consumer) and Specialty Products Group (SPG). Its CPG segment includes construction sealants and adhesives, coatings and chemicals, roofing systems, concrete admixture and repair products, building envelope solutions, insulated cladding, flooring systems, and weatherproofing solutions. Its PCG segment includes flooring solutions, corrosion control and fireproofing coatings, infrastructure repair systems, fiberglass reinforced plastic gratings, drainage systems, and raised-flooring systems for outdoor environments.
RPM International Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2018; Provides Earnings Guidance for the Third Quarter of 2019