RPM International Q4 Adj. EPS Misses Estimates; Guides Q1 Sales

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RPM International Q4 Adj. EPS Misses Estimates; Guides Q1 Sales

(RTTNews) - RPM International, Inc. (RPM) reported Monday that net income attributable to RPM for the fourth-quarter grew to $199.0 million or $1.54 per share from $156.1 million or $1.20 per share in the prior-year quarter. Excluding special items, adjusted earnings for the quarter was $1.42 per share.

Net sales for the quarter increased 13.7 percent to $1.98 billion from $1.74 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.44 per share on net sales of $1.97 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the first quarter of fiscal 2023, the company now projects consolidated sales growth in the mid-teens, with sales growth in the teens in all four of its operating segments.

The Street is looking for net sales of $1.81 billion for the quarter.

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RPM International Q4 Adj. EPS Tops Estimates, But Sales Meet

RPM International Q4 Adj. EPS Tops Estimates, But Sales Meet

RPM International, Inc. (RPM) reported Thursday that net income attributable to RPM for the fourth quarter grew to $180.61 million or $1.40 per share from $151.36 million or $1.18 per share in the prior-year quarter.
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RPM International Q1 Results Top Estimate; Guides Q2 Sales

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European Stocks Close On Mixed Note Again

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Eurozone Consumer Confidence Weakens More Than Expected In August

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U.S. Leading Economic Index Edges Down In Line With Estimates In July

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