secwatch.observer — SEC 8-K summary
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Issuer:     RPM INTERNATIONAL INC/DE/ (RPM)
CIK:        0000110621
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001193125-23-194028
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/110621/000119312523194028/0001193125-23-194028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/110621/000119312523194028/d348237d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-194028

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