RPM International's (RPM) CEO Expects Results Will Be Below Prior Year
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In a presentation yesterday at the 19th Annual Citi Chemicals Conference, RPM International's (NYSE: RPM) chairman and chief executive officer, Frank C. Sullivan, discontinued the company's current guidance for its fiscal year ending May 31, 2009, and indicated that results would likely be below the prior year.
"Given the continued deterioration of economic conditions, it is highly likely that RPM results for our 2009 fiscal year will be below the prior year. Additionally, given the volatility we are seeing in some of our core markets, it is nearly impossible to provide any definitive guidance for our fiscal 2009 results. We will provide outlook and directional comments in our upcoming second-quarter conference call, as we have done in the past based upon then current conditions," Sullivan stated.
RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings and sealants serving both industrial and consumer markets.
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