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Stock Market & Financial Investment News

News Breaks
April 3, 2014
11:19 EDTRPM, PPG, VAL, SHWRPM hits 52-week high after raising full year profit outlook
Shares of specialty chemical, paint, and coating maker RPM (RPM) are rallying after the company raised its fiscal 2014 profit outlook. WHAT'S NEW: This morning, RPM reported third quarter earnings per share of 12c and revenue of $863.4M, compared to expectations of 9c and $877.67M, respectively. RPM raised its FY14 EPS view to $2.10-$2.15 from $2.05-$2.10, compared to consensus of $2.11. It also forecast FY14 industrial sales growth of 4%-6% and consumer sales growth of 8%-10%. The company cited stronger than anticipated leverage in its industrial segment, resulting from solid performance in Europe and businesses serving U.S. construction markets, as the reason for the improved outlook. PRICE ACTION: In late morning trading, RPM rose $2.03, or 4.8%, to $44.20 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $45.47. Including today's advance, the stock is up approximately 43% over the past twelve months. OTHERS TO WATCH: Other companies in the paint and coatings space include PPG Industries (PPG), Valspar (VAL), and Sherwin Williams (SHW).
News For RPM;PPG;VAL;SHW From The Last 14 Days
Check below for free stories on RPM;PPG;VAL;SHW the last two weeks.
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July 29, 2014
08:56 EDTRPMRPM has a luncheon meeting with Philadelphia Securities Association
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July 28, 2014
11:04 EDTRPMRPM says raw materials 'relatively stable'
10:26 EDTRPMRPM says 'fully cooperating' with SEC
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07:48 EDTRPMRPM agrees in principle to resolve asbestos personal injury claims
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07:37 EDTRPMRPM sees FY15 EPS $2.38-$2.42, consensus $2.40
Sees FY15 revenue growth of 6%-8%, consensus $4.58B; Sees FY15 consumer segment sales growth of 5%-7%; Sees FY15 industrial segment sales growth of 6%-8%. The company said, "This expectation is predicated on continued growth within our consumer segment, as a result of continuation of trends from fiscal 2014: ongoing recovery in the North American housing market, market share gains and market acceptance of new products at higher price points than our traditional consumer product lines. In the industrial segment, we expect momentum in our European businesses to continue at a more moderate pace, with a return to growth at the Tremco roofing division, along with slow growth in businesses serving the North American commercial construction markets."
07:35 EDTRPMRPM notified that SEC investigating company on timing of GSA accrual
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07:33 EDTRPMRPM reports Q4 Industrial segment sales pu 8.5% to $769.2M
Reports Q4 Industrial segment organic sales up 8.2%; Reports Q4 RPM's consumer segment up 10% to $507.5M, with organic sales up 9%
07:32 EDTRPMRPM reports Q4 EPS 80c, consensus 78c
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July 22, 2014
10:00 EDTVALOn The Fly: Analyst Upgrade Summary
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05:39 EDTVALValspar upgraded to Conviction Buy from Neutral at Goldman
Goldman Sachs upgraded Valspar to Conviction Buy from Neutral citing the valuation discount peers, the recovery in the U.S. housing market and momentum in the company's Australian business. The firm raised its price target for shares to $97 from $83.
05:27 EDTVALValspar upgraded to Conviction Buy from Neutral at Goldman
July 18, 2014
10:54 EDTSHWSherwin-Williams downgraded to Hold from Buy at Zelman
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09:02 EDTPPGPPG Industries to sell Mt. Zion float glass manufacturing facility
PPG Industries announced that it has reached a definitive agreement to sell substantially all the assets of its Mt. Zion, Illinois, glass manufacturing facility to automotive glass manufacturer Fuyao Glass America Inc. The sale is expected to close in the third quarter 2014, subject to customary closing conditions. Financial terms were not disclosed. The sale of the Mt. Zion facility is consistent with the strategic initiative by PPG’s flat glass business to focus on its higher-technology, coated glass capabilities for residential and commercial construction application.
July 17, 2014
11:41 EDTPPGPPG Industries names Michael McGarry as COO, effective August 1
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08:14 EDTPPGPPG remains 'highly focused' on deploying 'strong' cash position
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08:13 EDTPPGPPG reports Q2 adjusted EPS from cont. ops $2.83, consensus $2.77
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07:05 EDTSHWSherwin-Williams reports Q2 Paint Stores Group sales up 17.2% to $1.88B
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07:04 EDTSHWSherwin-Williams raises FY14 EPS to $8.50-$8.70, consensus $8.49
Sees FY14 net sales growth 8%-13%, consensus $11.13B; This annual guidance includes our expectation that the Comex acquisition will increase net sales by a low single digit percentage in the year and negatively impact diluted net income per common share $.35 per share in 2014.
07:03 EDTSHWSherwin-Williams sees Q3 EPS $3.15-$3.25, consensus $3.06
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07:03 EDTSHWSherwin-Williams reports Q2 EPS $2.94, consensus $2.93
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