RPM reports record Q2 adj EPS $1.22, up 10.9%; record cash flow; guides Q3 adj EBIT growth 25-35%

RPM INTERNATIONAL INC/DE/

2024-Q2 EPS reported $2.69 revenue$3,804,132,000

Record Q2 net sales $1.792B (flat YoY); record diluted EPS $1.13; record adjusted EPS $1.22 (+10.9%).
Record Q2 adjusted EBIT $236.9M (+10.4%); gross margin expanded 320 bps on MAP 2025 initiatives.
Q2 operating cash flow record $408.6M; six-month total $767.8M exceeds prior full-year record.
Segment strength: CPG sales +8.1%, PCG +5.1%; weakness in SPG (-16.6%) and Consumer (-5.2%).
Guidance: Q3 adj EBIT growth 25-35%; full-year sales growth revised to low-single-digit (from mid-single-digit); adj EBIT growth low-double-digit to mid-teens (unchanged).

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 2024 second quarter ended November 30, 2023 results: revenue $1,792,275, net income $145,505, EPS 1.13.

Period: fiscal 2024 second quarter ended November 30, 2023
Revenue: $1,792,275
Net income: $145,505
EPS: 1.13
Result: reported results

Exact text from the filing

Page 2 Second-Quarter 2024 Consolidated Results Consolidated Three Months Ended $ in 000s except per share data November 30, November 30, 2023 2022 $ Change % Change Net Sales $ 1,792,275 $ 1,791,708 $ 567 0.0 % Net Income Attributable to RPM Stockholders 145,505 131,344 14,161 10.8 % Diluted Earnings Per Share (EPS) 1.13 1.02 0.11 10.8 % Income Before Income Taxes

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Source: SEC EDGAR

accession 0001193125-24-001860

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