RPM International (RPM) Tops Q3 EPS by 6c; offers outlook

RPM International (NYSE: RPM) reported Q3 EPS of $0.52, $0.06 better than the analyst estimate of $0.46. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.53 billion.

OUTLOOK

The company expects the following in the fiscal 2024 fourth quarter:

Consolidated sales to be approximately flat compared to prior-year record results.
CPG sales to increase in the low- to mid-single-digit percentage range compared to prior-year record results.
PCG sales to be approximately flat compared to prior-year record results.
SPG sales to decrease in the mid-single-digit percentage range compared to prior-year results.
Consumer Group sales to decrease in the mid-single-digit percentage range compared to prior-year record results.
Consolidated adjusted EBIT to increase in the high-single-digit percentage range compared to prior-year record results.

The company expects the following in the full-year fiscal 2024:

Consolidated sales to increase near the midpoint of the previous outlook, which was an increase in the low-single-digit percentage range compared to prior-year record results.
Consolidated adjusted EBIT to increase near the midpoint of the previous outlook, which was an increase in the low-double-digit to mid-teen percentage range compared to prior-year record results.

For earnings history and earnings-related data on RPM International (RPM) click here.

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