RPM International (RPM) Tops Q4 EPS by 14c
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RPM Reports Results for Fiscal 2020 Fourth Quarter and Year End
July 27, 2020 6:45 AM EDTRPMs strategically balanced operating company portfolio and MAP to Growth program mitigate impact on results of Covid-19 pandemic Fourth-quarter sales declined 8.9%, diluted EPS decreased 17.6%, and adjusted diluted EPS was down 8.9% Fiscal 2020 full-year net income increased 14.2%, diluted EPS rose 16.4% and EBIT was up 13.0% Record operating cash flow of $550 million generated due to good working capital management and margin improvement initiatives After easing of lockdown restrictions, RPM expects to resume growth seen in recent quarters, with fiscal 2021 first-quarter outlook anticipating net sales growth in low single digits and adjusted EBIT growth of 20% or... More
