Published on 4 Apr 2024 on GuruFocus.com via Yahoo Finance
RPM International Inc. (RPM) Aligns with EPS Projections in Record Fiscal 2024 Third-Quarter Results
Net Sales: Achieved a slight increase to $1,522,982 thousand, reflecting a 0.4% growth.Net Income: Significantly improved to $61,199 thousand, a 126.9% increase from the previous year.Diluted Earnings Per Share (EPS): Reported at $0.47, aligning with the estimated earnings per share of $1.6257.Adjusted EBIT: Grew by 31.3% to a record $110,140 thousand, driven by strategic initiatives.Cash Flow: Operating activities generated a record $1.26 billion in the trailing 12-month period.
RPM International Inc (NYSE:RPM) released its 8-K filing on April 4, 2024, announcing its fiscal 2024 third-quarter results, which ended on February 29, 2024. The company, a global leader in specialty coatings, sealants, and building materials, reported record financial outcomes, demonstrating its ability to grow sales, expand margins, and improve cash flow amidst a mixed economic environment.
RPM International Inc manufactures and sells a diverse range of paints, coatings, and adhesives, operating through four segments: construction products, performance coatings, consumer, and specialty products. The majority of its revenue is generated in North America, but the company has a significant global presence.