earnings
confidence high
sentiment neutral
materiality 0.60
RPM reports record Q3 sales $1.43B (+13% YoY); EPS $0.25 vs $0.29; adjusted EPS $0.38 flat
RPM INTERNATIONAL INC/DE/
2022-Q3 EPS reported
$2.26
revenue$4,723,838,000
- Net income $33M (-13.7%); diluted EPS $0.25 (-13.8%); adjusted EPS $0.38 flat.
- Record Q3 sales $1.43B (+13% YoY); record EBIT $66.9M (+2.3%); adjusted EBIT $80.6M (+0.8%).
- Consumer Group EBIT down 60.7% to $16.8M; adjusted EBIT down 63.9% to $17.2M due to inflation and supply chain.
- Completed $300M offering of 2.95% 10-year notes Jan 2022; liquidity $1.46B; cash from ops 9M $156M vs $651.9M YoY.
- Q4 outlook: sales and adjusted EBIT growth low teens; challenged by supply chain, inflation, and stronger USD.