RPM - What's Going On With Specialty Coatings Company RPM Stock Today? | Benzinga
RPM International Inc. (NYSE:RPM) shares are trading lower after the company reported third-quarter FY24 results.
Sales rose 0.4% Y/Y to $1.523 billion, slightly beating the consensus of $1.518 billion. Adjusted EPS of $0.52 exceeded the consensus of $0.46.
The company witnessed positive pricing in all segments, with volume growth being strongest in businesses serving infrastructure, reshoring, and high-performance building projects.
However, the revenue growth was offset by lower DIY consumer takeaway at retail stores and tough comparables in the disaster restoration business.
Geographically, sales growth was strongest in emerging markets, with Africa/Middle East rising 22.9% and Latin America increasing 13.5% Y/Y.
Adjusted EBIT rose 31.3% Y/Y to $110.1 million, with margins expanded 170 basis points in the quarter led by MAP 2025 initiatives, a positive mix ...