RPM Int'l. Q4 Profit Rises - Quick Facts

(RTTNews) - Specialty chemical products company RPM International, Inc. (RPM) posted significantly higher net income attributable to stockholders of $108.8 million, or $0.80 per share in the fourth quarter, versus $65.4 million, or $0.49 per share, last year. On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.78 per share for the quarter. Analysts' estimates typically exclude one-time items.

The fourth quarter of fiscal 2013 included one-time, pre-tax adjustments totaling $42.7 million. Compared to "as-adjusted" results in the year-ago quarter, EBIT rose 10.9% from $155.2 million, and net income was up 14.1% from $95.4 million. Earnings per share went up 11.1% from an adjusted $0.72 in the fiscal 2013 fourth quarter.

Net sales for the quarter reached $1.28 billion, up 9.1%, compared with the prior-year figure of $1.17 billion. Eight analysts estimated sales of $1.24 billion for the quarter.

Looking ahead, the firm said, "For our 2015 fiscal year, we anticipate 6% to 8% growth in consolidated net sales, with 5% to 7% growth in our consumer segment and 6% to 8% growth in our industrial segment. Net income is expected to increase 9% to 11%, resulting in diluted earnings per share in the range of $2.38 to $2.42."