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RPM International Posts 3Q Loss

Stock quotes in this article: RPM  

MEDINA, Ohio (AP) — Coatings and sealants maker RPM International Inc. on Wednesday posted a fiscal third-quarter loss driven by lower sales, one-time restructuring costs and a writedowns related to its captive insurance company.

The company reported a loss of $30.9 million, or 24 cents per share, for the three months ended Feb. 28 compared with earnings of $12.2 million, or 10 cents per share, in the prior-year period.

Revenue slid 13 percent to $635.4 million from $731.8 million a year earlier. Analysts forecast revenue of $707.4 million. ...

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