The U.S. firm declares 27.65 pence per share of a quarterly dividend.
RPM shares lost close to 4% on market open on Wednesday.
RPM International Inc. (NYSE: RPM) reported its financial results for the fiscal third quarter on Wednesday that topped analysts’ estimates for earnings and revenue, despite the COVID-19 related disruptions.
RPM shares slid 1% in premarket trading on Wednesday and lost another 4% on market open to trade at an intraday low of £65.26 per share. In comparison, the stock had started the year 2021 at a slightly lower £64.75 per share.
RPM International’s Q3 financial results versus analysts’ estimates
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The antimicrobial coatings market size is estimated to reach USD 5,549.6 million by 2025, at a CAGR of 10.7% between 2020 and 2025.
The major players in this market are AkzoNobel N.V. (Netherlands), DuPont de Nemours, Inc. (US), Axalta Coating Systems (US.), PPG Industries (US), Nippon Paint Holdings Co., Ltd. (Japan) and The Sherwin Williams Company (US).
Stringent regulations and growing adoption among end-users are projected to drive the antimicrobial coatings market.
The global market has witnessed growth primarily due to stringent government regulations to prevent the spread of healthcare-acquired infections (HAIs) and to ensure paramount safety & hygiene in the medical and healthcare sector. Due to the COVID-19 pandemic, the demand for antimicrobial coatings has been increasing drastically in the medical & healthcare industry. Factors such as technological advancement, new product development, and