Core Viewpoint - RPM International Inc. reported strong earnings for the first quarter of fiscal 2025, driven by record adjusted EBIT for the 11th consecutive quarter and reduced interest expenses, although net sales fell short of expectations and declined year-over-year [2][4]. Financial Performance - Adjusted earnings per share (EPS) reached $1.84, exceeding the Zacks Consensus Estimate of $1.76 by 4.6% and increasing 12.2% from the previous year [4]. - Net sales totaled $1.97 billion, missing the consensus estimate of $2.02 billion by 2.4% and declining 2.1% from $2.01 billion in the prior year [5]. - Selling, general and administrative expenses as a percentage of net sales increased to 26.7% from 26.4% year-over-year [8]. Segment Performance - Construction Products Group (CPG) sales increased 1.4% year-over-year to $794 million, driven by organic growth and acquisitions, despite a 1.2% decline due to foreign currency translation [9]. - Performance Coatings Group (PCG) sales decreased 1.8% year-over-year to $371.8 million, with organic sales up 1.8% but impacted by divestitures and currency headwinds [10]. - Consumer Group sales fell 6.1% year-over-year to $628.5 million, attributed to weaker DIY sales and customer destocking, with organic sales down 5% [12]. - Specialty Products Group (SPG) sales totaled $174.6 million, declining 3.5% year-over-year, with a 1.3% contribution from acquisitions [14]. Geographic Performance - North America sales declined 1.4%, accounting for around 80% of total sales, while Europe saw a 5.2% decline due to economic conditions and currency translation [6]. - Latin America experienced a 10.4% decline year-over-year, while Asia/Pacific and Africa/Middle East grew by 1.2% and 6.6%, respectively, supported by infrastructure spending [6]. Operational Initiatives - Adjusted EBIT increased 6.3% year-over-year to $328.3 million, with an adjusted EBIT margin improvement of 130 basis points to 16.7%, driven by MAP 2025 initiatives [8]. - Cash provided by operations was $248.1 million, down from $359.2 million in the previous year [17]. Future Outlook - For the second quarter of fiscal 2025, RPM anticipates flat consolidated sales year-over-year, with expectations of low-single-digit growth in CPG and flat sales in PCG, while SPG and Consumer Group are expected to decline [18]. - For fiscal 2025, RPM expects total net sales to increase in the low-single digits and adjusted EBIT to rise in the mid-single to low-double-digit range [19].

Shares of RPM International Inc (RPM, Financial) surged 7.91% in mid-day trading on Oct 2. The stock reached an intraday high of $129.69, before settling at $129.59, up from its previous close of $120.09. This places RPM 0.08% below its 52-week high of $129.69 and 45.87% above its 52-week low of $88.84. Trading volume was 631,665 shares, 92.5% of the average daily volume of 682,540. Wall Street Analysts Forecast Based on the one-year price targets offered by 14 analysts, the average target price for RPM Int ...

RPM International (RPM) reported $1.97 billion in revenue for the quarter ended August 2024, representing a year-over-year decline of 2.1%. EPS of $1.84 for the same period compares to $1.64 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.02 billion, representing a surprise of -2.40%. The company delivered an EPS surprise of +4.55%, with the consensus EPS estimate being $1.76. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

RPM International (RPM) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.76 per share. This compares to earnings of $1.64 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.55%. A quarter ago, it was expected that this specialty chemicals company would post earnings of $1.56 per share when it actually produced earnings of $1.56, delivering no surprise. Over the last four quarters, ...

Financial Performance - Record first-quarter net income of $227.7 million, record diluted EPS of $1.77, and record EBIT of $303.9 million[1] - First-quarter adjusted diluted EPS of $1.84 increased 12.2% over the prior year, while adjusted EBIT increased 6.3% to $328.3 million[2] - First-quarter net sales of $1.97 billion, down 2.1% from the prior year, with a 0.9% organic decline and a 1.1% decline from foreign currency translation[3] - Net income attributable to RPM International Inc. stockholders was $227,692, up from $201,082, representing a 13.2% increase year-over-year[23] - Basic earnings per share increased to $1.78, compared to $1.57 in the same quarter last year, marking a 13.3% growth[23] - Adjusted EBIT for the total consolidated operations was $328,342, up from $309,014, indicating a 6.3% increase year-over-year[24] - Reported earnings per diluted share for the first quarter of fiscal 2025 were $1.77, compared to $1.56 for the same period in fiscal 2024, reflecting a 13.5% increase[27] - Adjusted earnings per diluted share increased to $1.84 from $1.64 year-over-year, representing a 12.2% growth[27] - Net income for the first quarter of fiscal 2025 was $228,554,000, an increase from $201,313,000 in the same period last year, representing a growth of approximately 13.1%[29] Sales and Segment Performance - Construction Products Group achieved record first-quarter sales of $793.99 million, with adjusted EBIT increasing 10.6% to $159.9 million[5] - Performance Coatings Group reported first-quarter net sales of $371.76 million, with adjusted EBIT increasing 9.4% to $64.59 million[7] - Specialty Products Group's first-quarter sales declined 3.5% to $174.57 million, but adjusted EBIT increased 1.2% to $18.11 million[9] - Consumer Group's first-quarter sales declined 6.1% to $628.47 million, driven by weaker DIY takeaway and customer destocking[11] - The CPG segment reported net sales of $793,991, an increase from $782,789, while the PCG segment saw a slight decrease to $371,759 from $378,513[24] Cash Flow and Capital Management - Cash provided by operating activities was $248.1 million, with operating working capital as a percentage of sales improving by 250 basis points to 22.7%[12] - Cash provided by operating activities decreased to $248,059,000 from $359,210,000 year-over-year, a decline of about 30.9%[29] - The company reported a net cash used for investing activities of $64,081,000, compared to $61,517,000 in the prior year[29] - Cash dividends paid were $58,892,000, up from $54,065,000 year-over-year, indicating a rise of approximately 5.2%[29] - The company repurchased $17,500,000 worth of common stock during the quarter, compared to $12,500,000 in the same period last year[29] Debt and Liabilities - Total debt reduced to $2.05 billion from $2.51 billion a year ago, with a $453.1 million reduction driven by improved cash flow[13] - Current liabilities increased to $825,583,000 from $768,647,000, marking an increase of about 7.4%[28] - Long-term liabilities decreased to $1,576,565,000 from $1,631,794,000, a reduction of approximately 3.4%[28] - Total liabilities reached $3,983,448,000, down from $4,432,441,000, indicating a decrease of about 10.1%[28] Restructuring and Expenses - Total restructuring and related expenses for the quarter were $10.754 million, down from $16.427 million in the prior year, indicating a 34.3% reduction[26] - Professional fees related to MAP initiatives totaled $9.022 million, down from $12.279 million, a decrease of 26.3%[26] - Total MAP initiatives expenses for the quarter were $24.720 million, down from $31.896 million in the prior year, reflecting a 22.6% decrease[26] - Restructuring expenses specifically amounted to $7.2 million for the quarter ended August 31, 2024, compared to $6.5 million for the same period in 2023, a 10.8% increase[27] Assets and Equity - Total current assets decreased to $289,298,000 from $311,978,000 year-over-year, a decline of approximately 7.3%[28] - Net trade accounts receivable increased to $441,777,000 compared to $418,886,000 in the previous year, reflecting a growth of about 5.5%[28] - Total assets amounted to $664,498,000, a slight decrease from $671,527,000 year-over-year, representing a decline of approximately 1.0%[28] - Stockholders' equity increased to $2,515,527,000 from $2,282,836,000, reflecting a growth of approximately 10.2%[28] Outlook and Strategic Initiatives - Fiscal 2025 second-quarter outlook calls for flat sales growth and mid-single-digit adjusted EBIT growth[1] - The company anticipates continued growth in demand for its products, despite uncertainties in global markets[22] - The company is focused on ongoing acquisition and divestiture activities to enhance its market position[22] - The company aims to consolidate over 75 ERP systems into four platforms as part of its MAP strategy, which is expected to enhance operational efficiency[27]

RPM International Inc. RPM will release earnings results for its first quarter, before the opening bell on Wednesday, Oct. 2. Analysts expect the Medina, Ohio-based company to report quarterly earnings at $1.75 per share, up from $1.64 per share in the year-ago period. RPM projects to report revenue of $2.02 billion for the quarter, according to data from Benzinga Pro. On July 25, RPM International reported better-than-expected fourth-quarter earnings. RPM shares fell 0.8% to close at $120.09 on Tuesday. Be ...

RPM International Inc. (RPM) is slated to report first-quarter fiscal 2025 results on Oct. 2 before the opening bell. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, RPM's adjusted earnings of $1.56 per share met the consensus mark and increased 14.7% from the year-ago period. Net sales of $2.008 billion marginally missed the consensus mark of $2.01 billion and slipped 0.4% from the prior year's level of $2.02 billion. The company's earnings topped ana ...

Wall Street analysts expect RPM International (RPM) to post quarterly earnings of $1.76 per share in its upcoming report, which indicates a year-over-year increase of 7.3%. Revenues are expected to be $2.02 billion, up 0.3% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Ahead of a company's earnings disclosure, it is crucia ...

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