earnings
confidence high
sentiment positive
materiality 0.90
RPM International Reports Record Fiscal 2024 First-Quarter Results
RPM INTERNATIONAL INC/DE/
2023-Q1 EPS reported
$1.56
revenue$2,011,857,000
- Record Q1 net sales of $2.01B, up 4.1% vs prior year; record net income $201.1M and diluted EPS $1.56
- Adjusted diluted EPS of $1.64 increased 11.6% to all-time record; adjusted EBIT $309.0M up 12.3%
- All-time record Q1 operating cash flow of $359.2M, driven by improved working capital and MAP 2025 initiatives
- Construction Products Group (CPG) posted record Q1 sales of $782.8M (+10.8%) and record adjusted EBIT of $144.6M (+33.0%)
- Fiscal 2024 second-quarter outlook: sales growth low-single digits; adjusted EBIT growth high-single to low-double digits