RPM reports decline in sales, net income ( Cylindrical roller bearing) - Rubber Industry - Rubber machinery, rubber mixing mill exporters, rubber extruder machines exporter, rubber mixing mill manufacturer, rubber extruder manufacturer, rubber mixing mill supplier, rubber extruder machines supplier, rubber mixing machines, rubber extruder machinery, rubber mixing machinery, rubber extruder machine, rubber plant and machinery, rubber mixing mills, suppliers of rubber machinery, rubber mixing mills from china.

RPM reports decline in sales, net income ( Cylindrical roller bearing)

Post time：2009-01-16 10:15:13 Click：88

Medina, OH -- RPM International Inc. has reported lower sales and net income for its fiscal 2009 second quarter ended November 30, 2008. RPM's net sales of $890.0 million were down 1.7% from the $905.7 million reported in the fiscal 2008 second quarter. Organic sales declined 4.6%, with 3.8% of that amount representing net foreign exchange losses. Net acquisition growth of 2.9% offset part of the organic decline. Net income for the quarter decreased 23.9%, to $41.7 million from $54.9 million a year ago, while diluted earnings per share decreased 23.3% to $0.33 from $0.43. RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings and sealants serving both industrial and consumer markets. RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals.

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