RPM International (RPM) Declares $0.35 Quarterly Dividend; 2.4% Yield
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RPM International (RPM) Misses Q2 EPS by 16c, Revenues Miss; Offers 3Q EPS Below Consensus
January 4, 2019 6:53 AM ESTRPM International (NYSE: RPM) reported Q2 EPS of $0.52, $0.16 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.39 billion.
Record second-quarter sales of $1.36 billion improved 3.6% over prior yearSecond-quarter diluted EPS of $0.37 includes restructuring and other charges, along with adverse impacts from higher raw material costs, foreign exchange and new accounting standardExcluding restructuring and other charges, diluted EPS was $0.52SG&A improves as a percent of sales due to better cost controlsCash from operations increased 29% due to improved working capital managementMAP... More
