RPM Q3 adjusted EPS $0.52 (+40.5% YoY); record sales $1.52B; guides FY flat sales, adjusted EBIT up high-single-digit Q4

RPM INTERNATIONAL INC/DE/

2024-Q3 EPS reported $3.16 revenue$5,327,114,000

Record Q3 net sales $1.522B (+0.4%); net income $61.2M; diluted EPS $0.47; adjusted diluted EPS $0.52 (+40.5%).
Record Q3 adjusted EBIT $110.1M (+31.3%); margin +170 bps on MAP 2025 initiatives and favorable mix.
CPG sales +4.3% (infrastructure/reshoring); PCG sales +6.9% (engineered solutions). Consumer -4.0% (DIY softness); SPG -7.6% (disaster restoration comps).
Operating cash flow $941.1M YTD ($1.26B trailing 12 months); total debt reduced $629.2M to $2.19B; liquidity $1.29B.
Outlook: Q4 sales flat, adjusted EBIT up high-single-digits; FY24 sales near midpoint of low-single-digit growth, adjusted EBIT near midpoint of low-double-digit to mid-teens growth.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RPM INTERNATIONAL INC/DE/ reported fiscal 2024 third quarter ended February 29, 2024 results: revenue $1,522,982, net income $61,199, EPS $0.47. Guidance reaffirmed.

Period: fiscal 2024 third quarter ended February 29, 2024
Revenue: $1,522,982
Net income: $61,199
EPS: $0.47
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Page 2 Third-Quarter 2024 Consolidated Results Consolidated Three Months Ended $ in 000s except per share data February 29, February 28, 2024 2023 $ Change % Change Net Sales $ 1,522,982 $ 1,516,176 $ 6,806 0.4 % Net Income Attributable to RPM Stockholders 61,199 26,974 34,225 126.9 % Diluted Earnings Per Share (EPS) 0.47 0.21 0.26 123.8 % Income Before Income

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Source: SEC EDGAR

accession 0001193125-24-086604

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