RPM Reports Fiscal 2019 Second-Quarter Results
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RPM International (RPM) PT Lowered to $59 at RBC Capital
January 7, 2019 6:52 AM ESTRBC Capital analyst Arun Viswanathan lowered the price target on RPM International (NYSE: RPM) to $59.00 (from $66.00) while maintaining a Sector Perform rating.
The cut comes after the company missed FQ2 and guided to a weak FQ3 on wetter weather conditions, higher y/y raw costs, and tax and FX headwinds.
... MoreRPM 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