RPM International Beats Estimates, Net Income Soars 54% (RPM)

RPM International, Inc. RPM announced on Monday morning that it beat consensus Wall Street estimates. RPM International, Inc. (RPM) reported that its fiscal 4th quarter net income jumped 54% to $60.5 million, or 47 cents per share, up from $39.3 million, or 31 cents per share, a year earlier. Excluding special items, the company's earnings came in at 53 cents per share. Net sales climbed 13% to $971.5 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 51 cents per share, on revenue of $924.36 million. The company forecast full year fiscal 2011 earnings in the range of $1.35 to $1.40 per share, on revenue of $3.25 billion. RPM International closed Friday trading at $18.99 per share. Analysts covering the company's stock give it a consensus price target of $24.00 per share. Medina, Ohio RPM International Inc. manufactures, markets, and sells an array of specialty chemical products to industrial and consumer global markets through its industrial and consumer business segments. Read more from Benzinga's Company news.