RPM Q3 FY2023 net sales record $1.52B (+5.7%), but net income down 18.3% to $27.0M; Q4 guidance cautious

RPM INTERNATIONAL INC/DE/

2023-Q3 EPS reported $2.54 revenue$5,240,204,000

Diluted EPS $0.21 vs $0.25 prior year; adjusted diluted EPS $0.37 vs $0.38.
Adjusted EBIT record $83.9M (+4.2%); MAP 2025 expenses $59.2M including $39.2M impairment.
All four segments posted record sales; Consumer Group adjusted EBIT surged 180.4% to $48.3M.
Q4 FY2023 outlook: flat consolidated sales; adjusted EBIT flat to down high-single digits vs record prior year.
Cash from operations $263.0M in first nine months, up from $156.0M; total debt $2.82B; liquidity $843.5M.

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 third quarter ended February 28, 2023 results: revenue $1.52 billion, net income $27.0 million, EPS $0.21. Guidance initiated.

Period: fiscal 2023 third quarter ended February 28, 2023
Revenue: $1.52 billion
Net income: $27.0 million
EPS: $0.21
Guidance: initiated
Result: reported results

Exact text from the filing

RPM Reports Record Fiscal 2023 Third-Quarter Results • Record third-quarter net sales of $1.52 billion increased 5.7% over prior year • Third-quarter net income was $27.0 million, diluted EPS was $0.21, and EBIT was a record $70.5 million • Third-quarter adjusted diluted EPS was $0.37 and adjusted EBIT increased 4.2% to a record $83.9 million • Fiscal 2023 fourth-quarter outlook calls for flat sales growth and adjusted EBIT to be in a range of flat to declining high-single digits compared to the prior year

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accession 0001193125-23-093092

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