RPM Intl. Q2 Profit Rises; Cuts FY15 EPS Outlook - Quick Facts

(RTTNews) - Specialty chemical products company RPM International Inc. (RPM) reported that its second-quarter net income attributable to stockholders increased 9.8% to $69.8 million from $63.6 million in the year-ago period. Earnings per share rose 8.3% to $0.52 from $0.48 in the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.55 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly net sales were $1.07 billion, flat compared to last year. Wall Street expected revenues of $1.12 billion.

Looking ahead to fiscal 2015, the company now expects earnings per share to be in the range of $2.25 to $2.30, down from its prior range of $2.38 to $2.42 per share. Wall Street currently is looking for fiscal year 2015 earnings of $2.40 per share.

For fiscal 2016, the company expects consolidated earnings in the range of $2.70 to $2.80 per share. Analysts expect earnings of $2.79 per share for fiscal 2016.