earnings
confidence high
sentiment negative
materiality 0.80
RPM Q1 FY2022 EPS $1.04 (-25%); record sales $1.65B; Consumer down 16%
RPM INTERNATIONAL INC/DE/
2021-Q1 EPS reported
$1.04
revenue$1,650,420,000
- Diluted EPS of $1.04, down 25% YoY; adjusted EPS of $1.08, down 25%.
- Record net sales of $1.65B, up 2.7% YoY; supply issues had ~$200M sales impact.
- Consumer Group sales fell 16% to $538.4M; adjusted EBIT dropped 65.7% to $46.9M.
- Construction Products EBIT +15.7%, Performance Coatings +22.6%, Specialty Products +19.8%.
- Guides Q2 adj. EBIT decline of 15-25% vs prior year; Consumer to see double-digit sales decrease.