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by Toby Shute - July 23, 2008 - 0 comments Here's my favorite quote so far this earnings season: "Great companies find a way to win, regardless of the challenges they face." Those were the words delivered by RPM International (NYSE: RPM) CEO Frank Sullivan in wrapping up the company's fourth-quarter conference call. The results show this coatings and sealants company is a great one, especially considering the gloomy macro environment. Through its consumer segment, which constituted 35% of sales in fiscal 2008, RPM International is exposed not only to the constrained consumer, but also to the horrific housing market. In that respect, the company is somewhat in the same boat as both competitors like Sherwin-Williams (NYSE: SHW) and PPG Industries (NYSE: PPG) and customers like Home Depot (NYSE: HD). The company sidesteps the... [read full story]
