NEW YORK (TheStreet) -- RPM International (RPM) shares are up 2.6% to $45.66 on Monday after announcing a 9% increase in fourth quarter revenues and raising its full year fiscal 2015 guidance to between $2.38 and $2.42 per diluted share, in line with analysts $2.40 per share estimates.
The chemical products company reported earnings of 80 cents per diluted share, 2 cents better than analysts expected, on revenue of $1.28 billion, ahead of analysts $1.2 billion estimates.
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In separate news, the company entered a tentative settlement for $797.5 million dollars in an asbestos claims lawsuit against its now bankrupt Bondex and Specialty Products units.
A bankruptcy judge had previously estimated that claims from current and future victims could total $1.17 billion.
TheStreet Ratings team rates RPM INTERNATIONAL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate RPM INTERNATIONAL INC (RPM) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."