Published on 20 Apr 2023 on Zacks via Yahoo Finance
RPM International (RPM) Gains From MAP 2025 Amid Currency Risks
RPM International Inc. RPM is benefiting from the implementation of MAP 2025 operational improvement initiative, increased infrastructure spending, and acquisitions and divestitures.Recently, RPM reported third-quarter fiscal 2023 (ended Feb 28, 2023) results, wherein its earnings and sales surpassed the Zacks Consensus Estimate by 23.3% and 3.5%, respectively. The growth was backed by the abovementioned tailwinds.However, this manufacturer and marketer of high-performance coatings, sealants and specialty chemicals is facing headwinds in the form of intense inflation, foreign exchange risks and adverse weather situations.
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