UPDATE 2-RPM International Q4 beats view; FY11 outlook lags

* Sees FY11 EPS of $1.35-$1.40

* Sees FY11 sales at $3.25 bln

* Q4 adj EPS $0.53 vs est $0.51

* Net sales up 13 pct at $971.5 mln vs est $924.4 mln
(Adds conference call comments, details)

BANGALORE, July 26 (BestGrowthStock) – RPM International Inc’s
(RPM.N: ) quarterly results beat market view on higher sales, but
the chemicals maker gave an outlook for 2011 that was lower
than expectations as some current headwinds are expected to

The company sees uncertainty continuing in the global
economy, high unemployment, continued weakness in the North
American housing and commercial construction markets and
unfavorable raw material costs.

For the first half of fiscal 2011, the company sees
earnings to grow by 2 percent to 4 percent compared with the
first and second quarter of 2010, an executive said on a
conference call with analysts.

The second half, meanwhile, is expected to fare better with
earnings growth of 15 percent to 20 percent year over year,
helped by its business related to construction markets and a
more stable raw materials environment.

Analysts currently expect first-quarter profit (Read more your timing to make a profit.) of 59 cents
a share and second-quarter earnings of 45 cents. For the fourth
quarter of 2011, the company is expected to post a profit of 56
cents a share.

RPM said its core industrial product segment exposed to the
U.S. commercial construction markets is nearing the bottom of
the economic slump and will begin to generate increased sales
volumes in the back half of fiscal 2011.

For fiscal 2011, the company sees earnings of $1.35 a share
to $1.40 a share on revenue of about $3.25 billion.

Analysts were expecting 2011 earnings of $1.59 a share on
revenue of $3.48 billion, according to Thomson Reuters I/B/E/S.

For the fourth quarter ended May 31, net income rose 54
percent to $60.5 million, or 47 cents a share, from $39.3
million, or 31 cents a share, a year ago.

Excluding one-time charges, earnings came in at 53 cents a
share against estimates of 51 cents.

Net sales rose 13 percent to $971.5 million as both its
industrial and consumer segments grew by more than 13 percent.

Shares of the company were down marginally at $18.96 in
late-morning trade Monday on the New York Stock Exchange.

Stock Today

(Reporting by Krishna N. Das in Bangalore; Editing by Don
Sebastian and Maju Samuel)

UPDATE 2-RPM International Q4 beats view; FY11 outlook lags