RPM International Q4 Profit Rises - Quick Facts

(RTTNews) - RPM International Inc. (RPM) reported that its net income attributable to the company for its fiscal fourth quarter ended May 31, 2015 rose 17.7% to $128.0 million from $108.8 million reported in the fourth quarter of fiscal 2014. Earnings per share were $0.94, up 17.5% from $0.80 reported a year ago. Analysts polled by Thomson Reuters expected the company to report earnings of $0.84 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly net sales increased 7.5% to $1.37 billion from $1.28 billion last year. Wall Street expected revenues of $1.36 billion.

For fiscal 2016, the company expects consumer segment sales to increase by 4% to 5%, with our core consumer businesses continuing to gain market share with new product innovations. In the industrial segment, it anticipates sales growth of 8% to 10%.

Looking ahead for 2016, the company expects earnings per share to be approximately $2.55, a 7.1% improvement over the as-adjusted $2.38 per share in fiscal 2015. Analysts expect annual earnings of $2.73 per share. The guidance includes the anticipated negative impact of $0.10 per share as a result of a higher effective tax rate and $0.07 per share from the estimated negative impact of foreign currency translation during fiscal 2016.