RPM Q2 FY2023: Record sales $1.79B, adj. EPS $1.10; Q3 adj. EBIT guidance $75-85M

RPM INTERNATIONAL INC/DE/

2023-Q2 EPS reported $2.33 revenue$3,724,028,000

Q2 net sales $1.79B (+9.3% YoY); diluted EPS $1.02, adjusted EPS $1.10 — both all-time records.
Adjusted EBIT $214.7M (+36.4%) on pricing, MAP 2025 benefits; all four segments posted record sales.
Consumer Group EBIT surged 184.2% to $94.2M; CPG EBIT fell 40% due to prior-year $41.9M real estate gain.
Operating cash flow $190.9M (up from $159.4M); annual dividend raised to $1.68, 49th consecutive increase.
Q3 outlook: sales up low-to-mid single-digit%; adj. EBIT $75-85M, reflecting slowing demand, inflation, FX headwinds.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RPM INTERNATIONAL INC/DE/ reported fiscal 2023 second quarter ended November 30, 2022 results: revenue $1.79 billion, net income $131.3 million, EPS $1.02. Guidance initiated.

Period: fiscal 2023 second quarter ended November 30, 2022
Revenue: $1.79 billion
Net income: $131.3 million
EPS: $1.02
Guidance: initiated
Result: reported results

Exact text from the filing

RPM Reports Record Fiscal 2023 Second-Quarter Results • Second-quarter net sales increased 9.3% to a record $1.79 billion • Second-quarter net income increased 5.2% to a record $131.3 million, income before income taxes was a record $175.1 million, diluted EPS was a record $1.02, and adjusted diluted EPS was a record $1.10

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Source: SEC EDGAR

accession 0001193125-23-001937

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