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RPM Int'l Boosts Its Full-Year Outlook



By AP
03 April 2008 @ 06:43 am EST

MEDINA, Ohio - RPM International Inc., a coatings and sealant company which makes home repair products, lifted its full-year outlook Thursday after reporting a 21 percent rise in fiscal third-quarter profit.

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RPM 16.29 -1.45

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For the fiscal year ending in May, the company now expects earnings and sales to grow 10 percent to 12 percent over fiscal 2007. It previously anticipated sales growth of 8 percent to 10 percent.

The forecast implies 2008 earnings between $1.80 and $1.83 per share on revenue of $3.66 billion to $3.73 billion.

Analysts polled by Thomson Financial expect net income of $1.70 per share on sales of $3.63 billion.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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