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RPM International sees 2009 profit below estimates

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By AP
21 July 2008 @ 07:18 am EST

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MEDINA, Ohio - RPM International Inc., a coatings and sealant company, on Monday forecast fiscal 2009 profit below Wall Street expectations following a fiscal fourth-quarter loss weighed down by charges.

Quotes

RPM

10.83

0.66

RPM expects profit around $1.85 for fiscal 2008, lower than the $1.89 per share estimate expected by analysts polled by Thomson Financial.

RPM said acquisitions will boost growth in fiscal 2009.

RPM said charges to cover anticipated asbestos costs led to a fiscal fourth-quarter loss.

Next Article: RPM International posts fiscal 4th-quarter loss

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