earnings
confidence high
sentiment negative
materiality 0.75
RPM Q2: record sales $1.64B, adjusted EPS $0.79 (-25.5%); Q3 adj. EBIT -5% to -15%
RPM INTERNATIONAL INC/DE/
2021-Q2 EPS reported
$2.00
revenue$3,289,959,000
- Q2 net sales $1.64B (record, +10.3% YoY); net income $124.9M (-2.2%); GAAP diluted EPS $0.96 (-2%).
- Adjusted diluted EPS $0.79 (-25.5%); adjusted EBIT $157.3M (-21%) on inflation, supply chain disruptions.
- Consumer Group sales -3.3% with ~$100M lost from raw material shortages; adjusted EBIT -62.9%.
- CPG sales record $614.2M (+22%), PCG record $302.5M (+16.9%) driving top-line growth.
- Q3 FY2022 outlook: double-digit sales growth but adj. EBIT -5% to -15% YoY; Omicron and supply risks.