RPM’s Q1 profit plunges due to higher costs

RPM International (RPM) reported its first quarter results before the bell. Adjusted earnings came in at $0.76 per share which missed analysts’ estimates, while sales improved 8.5% over last year beating street’s consensus. Shares of the specialty chemical maker dipped about 3% during the morning hours of trading. On a GAAP basis, profit plunged 40% … Continue reading RPM’s Q1 profit plunges due to higher costs