- RPM reported a 9.1% increase in FQ1 sales, which also represents a material sequential improvement of over 10%.
- Though the GAAP net revenues of the Construction Products Group rose only modestly, by 2.2%, the Consumer Group delivered a staggering 33.8% top-line improvement.
- The Specialty Products Group and the Performance Coatings Group lagged behind.
- Successful execution of the 2020 MAP to Growth underpinned profit growth, massive FCF, and secured dividend growth.
- The stock is richly valued. I am neutral.
For further details see:
RPM International: Consumer Products Drive Revenue Growth