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home / articles / RPM - Why Paint & Coating Manufacturing Company RPM's Shares Are Sliding Today | Benzinga

RPM - Why Paint & Coating Manufacturing Company RPM's Shares Are Sliding Today | Benzinga

RPM International Inc.

RPM International Inc (NYSE: RPM) shares are trading lower after the company reported Q2 FY24 results and revised guidance.

Sales remained flat Y/Y at $1.79 billion, missing the consensus of $1.84 billion. The company attributed Consumer Group's sales decline to reduced DIY takeaway at retail stores as housing turnover hit multi-year lows and as consumers focused spending on travel and entertainment and certain retailers destocking inventories.

Geographically, European sales increased by around 8.9%. Also, sales grew 13.0% and 6.4% in Africa/Middle East and Asia/Pacific geographies, respectively. Adjusted EPS of $1.22Full story available on Benzinga.com
Stock Information
Company Name: RPM International Inc.
Stock Symbol: RPM
Market: NYSE
Website: rpminc.com
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