RPM - Why Paint And Coating Manufacturing Company RPM's Shares Are Seeing Blue Skies Today? | Benzinga
RPM International Inc (NYSE: RPM) shares are trading higher after the company reported better-than-expected Q1 FY24 results and issued guidance.
Q1 sales grew 4.1% Y/Y to $2.01 billion, exceeding the consensus of $1.97 billion.
Geographically, European sales increased by around 10%, aided by improved construction businesses. Also, sales grew double-digit in Latin America and Africa/Middle East, led by continued demand for engineered solutions for infrastructure projects.
Frank C. Sullivan, RPM chairman and CEO, said, "Construction Products Group (CPG) entered the quarter with positive momentum, and this accelerated as it leveraged its focus on repair and maintenance as well as its turn-key service model to generate record sales and adjusted EBIT. Several businesses in ...