RPM International (RPM) Tops Q3 EPS by 2c
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RPM Reports Results for Fiscal 2020 Third Quarter
April 8, 2020 6:45 AM EDT2020 MAP to Growth operating improvement program fuels excellent third-quarter operating leverage Third-quarter reported diluted EPS of $0.09; adjusted diluted EPS of $0.23, increases 76.9% over prior-year quarter and exceeds guidance Third-quarter net income of $11.9 million; adjusted EBIT of $60.5 million, increases 30.4% over prior-year quarter Cash provided by operating activities increases $236 million year over year due to improved working capital management and operating improvement initiatives Financial guidance and stock buyback suspended due to uncertainty created by COVID-19 RPM well positioned to weather the pandemic due to strong balance sheet, significant liquidity, maintenance nature of products, potential... More
