RPM(US:RPM)2024-10-03 08:09Financial Highlights - Record Q1 Adjusted EBIT reached $328.3 million, a 6.3% increase year-over-year[4] - Adjusted EPS grew by 12.2% to a record $1.84[4] - Cash flow from operating activities was $248.1 million[4] Sales Performance - Consolidated sales decreased by 2.1% to $1.9688 billion[8] - Organic sales declined by 0.9%, with a 1.1% negative impact from foreign exchange and a 0.1% impact from divestitures/acquisitions[9] - North America accounted for 80% of total sales with a decrease of 1.4%[10] Segment Performance - Construction Products Group (CPG) sales increased by 1.4% to $794.0 million[11] - Performance Coatings Group (PCG) sales decreased by 1.8% to $371.8 million[13] - Specialty Products Group (SPG) sales decreased by 3.5% to $174.6 million[15] - Consumer Group sales decreased by 6.1% to $628.5 million[17] Margin Expansion - Consolidated adjusted EBIT margin expanded by 130 bps to 16.7%[8] - CPG adjusted EBIT margin expanded by 160 bps[6] - PCG adjusted EBIT margin expanded by 180 bps[6] - SPG adjusted EBIT margin expanded by 50 bps[6] - Consumer adjusted EBIT margin expanded by 40 bps[6] Working Capital and Debt Reduction - Operating working capital as a percentage of sales improved by 250 bps year-over-year to 22.7%[21] - Total debt reduction over the last 12 months amounted to $453.1 million[9, 21]