earnings
confidence high
sentiment negative
materiality 0.85
RPM reports FY21 adj EPS $4.16 (+35.5%); Q1 adjusted EBIT seen down 25-30%
RPM INTERNATIONAL INC/DE/
2021-FY EPS reported
$3.87
revenue$6,106,288,000
- Full-year net sales $6.11B (+10.9%), net income $502.6M (+65.1%), adjusted EPS $4.16 (+35.5%).
- Record cash from operations $766.2M; MAP to Growth generated $320M annualized savings, $30M above target.
- Q4 net sales $1.74B (+19.6%), adjusted EPS $1.28 (+13.3%); Construction Products record sales $629.4M.
- Q1 FY22 guidance: sales growth low- to mid-single digits, adjusted EBIT down 25-30% due to Consumer Group supply constraints.
- Consumer Group Q1 sales expected to decline double digits; three other segments see high-single to double-digit sales growth.