RPM(RPM)

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RPM(RPM) - 2025 Q2 - Quarterly Report
2025-01-07 19:35
Financial Performance - For the three months ended November 30, 2024, consolidated net sales were $1,845.3 million, a 3.0% increase compared to $1,792.3 million in the same period last year[116]. - The CPG segment reported net sales of $690.1 million, reflecting a 4.3% growth, while the PCG segment saw a 1.4% increase to $380.1 million[116]. - Consolidated net income for the three months ended November 30, 2024, was $183.5 million, representing 9.9% of net sales, compared to $145.8 million or 8.1% of net sales in the prior year[139]. - Consolidated net income increased to $412.0 million, representing 10.8% of net sales for the six months ended November 30, 2024, compared to $347.1 million or 9.1% of net sales in the prior year[165]. Profitability Metrics - The consolidated gross profit margin decreased to 41.4% from 41.7% year-over-year, primarily due to unfavorable sales mix and labor inflation[121]. - The effective income tax rate decreased to 13.9% for the three months ended November 30, 2024, from 25.5% in the same period last year, influenced by a favorable adjustment of $43.9 million to deferred income taxes[137][138]. - The effective income tax rate improved to 18.2% for the six months ended November 30, 2024, down from 25.3% in the same period of 2023, due to favorable adjustments related to deferred income taxes[162]. Expenses and Costs - SG&A expenses increased by $6.5 million year-over-year but decreased as a percentage of net sales to 28.7% from 29.2%[123]. - Total restructuring costs for the three months ended November 30, 2024, were $7.6 million, compared to $1.2 million for the same period in 2023, reflecting a significant increase due to the MAP 2025 initiative[130]. - Total restructuring costs for the six months ended November 30, 2024, were $14.8 million, compared to $7.7 million for the same period in 2023, indicating ongoing investment in the MAP 2025 initiative[155]. - Interest expense decreased to $23.2 million for the three months ended November 30, 2024, from $30.3 million in the prior year, with the average interest rate dropping from 4.81% to 4.50%[132]. - Interest expense decreased to $47.6 million for the six months ended November 30, 2024, down from $62.2 million in the same period of 2023, reflecting a reduction in the average interest rate from 4.76% to 4.54%[157]. Cash Flow and Liquidity - Cash provided by operating activities decreased to $527.5 million in the first six months of fiscal 2025, compared to $767.8 million in the same period last year[167]. - Cash used for investing activities increased by $86.9 million to $198.5 million in the first six months of fiscal 2025, primarily due to a $70.2 million increase in cash used for business acquisitions[171]. - Financing activities used $286.4 million of cash in the first six months of fiscal 2025, a decrease from $610.3 million in the same period of fiscal 2024, mainly due to reduced debt repayments[175]. - As of November 30, 2024, available liquidity, including cash and cash equivalents, stood at $1.50 billion, up from $1.36 billion as of May 31, 2024[176]. Operational Efficiency - Average days sales outstanding (DSO) improved to 61.2 days from 63.0 days year-over-year, indicating better cash collection efficiency[168]. - Average days of inventory outstanding (DIO) decreased to 78.4 days from 86.9 days, reflecting improved inventory management practices[169]. Market and Economic Conditions - The company expects moderate inflationary headwinds to impact results throughout the remainder of fiscal 2025[122]. - The company faces uncertainties related to global and regional markets, including volatility in financial markets and the availability of capital[186]. - The company is exposed to market risks from changes in raw materials costs, interest rates, and foreign exchange rates[187]. - The company acknowledges potential impacts from public health crises similar to the Covid pandemic[186]. - The company is monitoring risks related to climate change and sustainability-related regulatory requirements[186]. - The company is aware of the risks associated with the use of technology, including artificial intelligence and data privacy violations[186]. Strategic Initiatives - The SPG segment's sales growth was driven by disaster restoration efforts in response to hurricane activity and an acquisition in the food coatings business[120]. - The Consumer segment achieved organic sales growth due to market share gains and improved DIY sales, despite challenges from foreign exchange translation[119]. - The company expects to incur approximately $13.3 million of future additional charges related to the implementation of MAP 2025[130]. - Risks associated with ongoing acquisition and divestiture activities are highlighted as a concern for the company[186]. - The company does not undertake any obligation to publicly update or revise forward-looking statements[186].
RPM(RPM) - 2025 Q2 - Earnings Call Presentation
2025-01-07 16:55
Fiscal 2025 Second-Quarter Results January 7, 2025 Forward-Looking Statements & Regulation G This presentation contains "forward-looking statements" relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us and are subject to uncertainties and factors (including those specified below), which are difficult to predict and, in many instances, are beyond our control. As a result, our actual res ...
Compared to Estimates, RPM International (RPM) Q2 Earnings: A Look at Key Metrics
ZACKS· 2025-01-07 15:41
RPM International (RPM) reported $1.85 billion in revenue for the quarter ended November 2024, representing a year-over-year increase of 3%. EPS of $1.39 for the same period compares to $1.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.78 billion, representing a surprise of +3.70%. The company delivered an EPS surprise of +2.96%, with the consensus EPS estimate being $1.35.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...
Rust-Oleum Maker RPM Attributes Weak Outlook to Economic Conditions, Weather
Investopedia· 2025-01-07 15:36
Key TakeawaysRPM International said difficult economic conditions and bad weather will hurt current-quarter results.The maker of Rust-Oleum and other coatings and sealants anticipates third-quarter fiscal 2025 sales to be flat, and adjusted EBIT to be up or down by a low-single-digit percentage.The company explained that high mortgage rates and worse-than-expected winter weather are impacting demand. Rust-Oleum and DayGlo parent RPM International (RPM) on Tuesday issued soft guidance as it said difficult ec ...
RPM International (RPM) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2025-01-07 14:06
Group 1: Earnings Performance - RPM International reported quarterly earnings of $1.39 per share, exceeding the Zacks Consensus Estimate of $1.35 per share, and up from $1.22 per share a year ago, representing an earnings surprise of 2.96% [1] - The company posted revenues of $1.85 billion for the quarter ended November 2024, surpassing the Zacks Consensus Estimate by 3.70%, compared to year-ago revenues of $1.79 billion [2] - Over the last four quarters, RPM International has surpassed consensus EPS estimates three times [2] Group 2: Stock Performance and Outlook - RPM International shares have declined approximately 2.1% since the beginning of the year, while the S&P 500 has gained 1.6% [3] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [6] - The current consensus EPS estimate for the coming quarter is $0.62 on revenues of $1.55 billion, and for the current fiscal year, it is $5.56 on revenues of $7.37 billion [7] Group 3: Industry Context - The Paints and Related Products industry, to which RPM International belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
RPM(RPM) - 2025 Q2 - Quarterly Results
2025-01-07 11:57
RPM Reports Results for Fiscal 2025 2nd Quarter January 7, 2025 Page 2 Exhibit 99.1 RPM Reports Record Fiscal 2025 Second-Quarter Results MEDINA, OH – January 7, 2025 – RPM International Inc. (NYSE: RPM), a world leader in specialty coatings, sealants and building materials, today reported record financial results for its fiscal 2025 second quarter ended November 30, 2024. Frank C. Sullivan, RPM chairman and CEO commented, "Across our businesses, RPM associates demonstrated their ability to capitalize on gr ...
How To Earn $500 A Month From RPM International Stock Ahead Of Q2 Earnings
Benzinga· 2024-12-27 13:25
Analysts expect RPM International Inc. RPM to report second-quarter earnings at $1.34 per share before the opening bell, on Tuesday, Jan. 7, 2025. That’s up from $1.22 per share in the year-ago period. The Medina, Ohio-based company projects quarterly revenue of $1.79 billion, compared to $1.79 billion a year earlier, according to data from Benzinga Pro. On Oct. 2, RPM International reported first-quarter results. Sales declined 2.1% Y/Y to $1.97 billion, missing the consensus of $2.015 billion.With the rec ...
RPM International Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2024-12-26 15:51
RPM International Inc. RPM will release its second-quarter financial results, before the opening bell, on Tuesday, Jan. 7, 2025.Analysts expect the Medina, Ohio-based company to report quarterly earnings at $1.34 per share, up from $1.22 per share in the year-ago period. RPM International projects quarterly revenue of $1.79 billion, compared to $1.79 billion a year earlier, according to data from Benzinga Pro.On Oct. 2, RPM International reported first-quarter results. Sales declined 2.1% Y/Y to $1.97 billi ...
Is RPM International Still Worth Buying on Recent 52-Week High?
ZACKS· 2024-11-27 16:45
RPM International Inc.’s (RPM) stock has gained 22.7% in the past three months, strongly outperforming the Zacks Construction sector’s 10.3% growth and S&P 500 index’s 7.1% rally.RPM well captured the attention of investors recently after President-elect Donald Trump pledged to impose new tariffs on imports from Canada, Mexico and China. The stock touched a new 52-week high of $141.79 in Monday’s trading session.Image Source: Zacks Investment ResearchOther stocks like Quanta Services, Inc. (PWR) , Owens Cor ...
First Atlantic Nickel Submits Additional Drill Permits and Plans New Direct Access Route to Expand and Accelerate RPM Zone Exploration Program
GlobeNewswire News Room· 2024-11-26 11:00
VANCOUVER, British Columbia, Nov. 26, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that it has submitted applications for new additional drill permits to significantly expand the drilling program at the RPM Zone, located 25 km south of the Atlantic Lake area. The Company plans to construct a shorter, more efficient direct access route to the RPM Zone, enabling year-round access and accommodating heavier ...