RPM reports record Q4 sales $2.02B, adjusted EPS $1.36; FY2024 guidance mid-single digit sales growth

RPM INTERNATIONAL INC/DE/

2023-FY EPS reported $3.72 revenue$7,256,414,000

Q4 net sales $2.016B (+1.6% YoY); adjusted diluted EPS $1.36 (vs $1.42), adjusted EBIT record $267.8M.
Full-year record sales $7.26B (+8.2%); adjusted diluted EPS $4.30 (record); adjusted EBIT $841.6M (+18.8%).
FY2024 Q1: sales +low-single-digit, adjusted EBIT +high-single-digit. Full year: sales +mid-single-digit, adj. EBIT +low-double-digit to mid-teen.
Specialty Products Group Q4 sales -14.3% due to OEM destocking; incurred a $3.4M legal expense.
Debt reduced $138.8M since Feb 28; inventories down $205.8M; operating cash flow record $577.1M for FY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RPM INTERNATIONAL INC/DE/ reported fiscal 2023 fourth quarter and full year ended May 31, 2023 results: revenue Record fourth-quarter net sales of $2.02 billion, net income Fourth-quarter net income was $151.4 million, EPS diluted EPS was $1.18. Guidance reaffirmed.

Period: fiscal 2023 fourth quarter and full year ended May 31, 2023
Revenue: Record fourth-quarter net sales of $2.02 billion
Net income: Fourth-quarter net income was $151.4 million
EPS: diluted EPS was $1.18
Guidance: reaffirmed
Result: reported results

Exact text from the filing

8-K as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 RPM Reports Record Fiscal 2023 Fourth-Quarter and Full-Year Results • Record fourth-quarter net sales of $2.02 billion increased 1.6% over prior year • Fourth-quarter net income was $151.4 million, diluted EPS was $1.18, and EBIT was $236.4 million • Fourth-quarter adjusted diluted EPS was $1.36

View on SEC.gov

Browse all earnings releases →

RPM INTERNATIONAL INC/DE/ filing history →

Source: SEC EDGAR

accession 0001193125-23-194028

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.