earnings
confidence high
sentiment positive
materiality 0.85
RPM reports record Q1 sales $1.93B, EPS $1.31; Q2 guidance: sales +9-12%, EBIT +30-40%
RPM INTERNATIONAL INC/DE/
2023-Q1 EPS reported
$1.31
revenue$1,932,320,000
- Record Q1 net sales of $1.93B (+17.1% YoY); net income $169M (+25.6%); diluted EPS $1.31; adjusted diluted EPS $1.47 (record).
- Adjusted EBIT record $275.3M (+33.1%); all four segments achieved double-digit sales growth.
- Consumer Group sales +22.5% to $659.5M; adjusted EBIT +149.6% to $117.1M on MAP 2025 savings and supply improvements.
- Q2 FY2023 outlook: sales growth 9-12%, adjusted EBIT growth 30-40%; Consumer Group sales expected up teenager.
- Operating cash flow $23.6M (vs $76.1M) due to inventory build for supply chain resiliency; total liquidity $1.15B.