RPM International Earns $1.41 per Share

This morning, RPM International (RPM) reported Q1 earnings of $1.41 per share. The consensus on Wall Street was for $1.19 per share. For last year’s Q1, RPM made 95 cents per share. Sales increased 9.1% to a first-quarter record $1.61 billion.

Adjusted EBIT increased 39.8% to $269.2 million. Cash from operations doubled to a record $318 million.

RPM isn’t providing earnings guidance for this fiscal year but it expects sales growth “in the low- to mid-single digits with strong leverage to the bottom line for more than 20% adjusted EBIT growth.”

The stock is up about 2% in early trading.

Posted by on October 7th, 2020 at 9:31 am


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