5 Stocks in Focus After Releasing Their Financial Results

4. RPM International Inc. (NYSE:RPM)

Number of Hedge Fund Holders: 20

RPM International Inc. (NYSE:RPM) recently announced better-than-expected sales for its fiscal second quarter. However, its adjusted profit for the quarter fell slightly short of expectations.

The company earned 79 cents per share on an adjusted basis, down 25.5 percent versus the year-ago quarter and below the consensus forecast of 81 cents per share. Revenue for the quarter jumped 10.3 percent versus last year to $1.64 billion, beating expectations of $1.55 billion.

Looking at the performance of key segments of RPM International Inc. (NYSE:RPM), revenue from the construction products group jumped 22 percent to $614.2 million, while revenue from the performance coatings group rose 16.9 percent to $302.5 million in the quarter.

In comparison, revenue from the specialty products group rose 10 percent to $193.6 million, while consumer group revenue slipped 3.3 percent to $529.2 million.

Discussing the results, CEO of RPM International Inc. (NYSE:RPM), Frank C. Sullivan, said:

“Robust demand for our paints, coatings, sealants and other building materials led to strong double-digit sales growth at three of our four operating segments and drove consolidated top-line performance that was ahead of our projections.”