RPM reported Q1 sales of $2.11 billion, exceeding estimates. Sales increased by 7.4% from last year, indicating growth. Net income attributed to stockholders was $227.6 million. Adjusted diluted EPS rose to $1.88, aligned with expectations. U.S. stocks showed mixed trading amid government shutdown news.
RPM's shares dropped over 4% after weak Q3 earnings. Adjusted EPS was $0.35, missing expectations of $0.48. Revenue fell 3% year-over-year to $1.48 billion. Unfavorable weather negatively impacted demand for products. Q4 outlook predicts flat sales, with low-single-digit EBIT growth.
RPM's Q1 earnings are expected to be $1.75 per share, up from $1.64. Projected revenue for RPM is $2.02 billion this quarter. Analysts show mixed views: some cut price targets while maintaining ratings. RPM shares declined 0.8% to $120.09 before earnings announcement.
RPM's Q2 revenue was $2.01 billion, down 0.4% year-over-year. EPS improved to $1.56, matching consensus estimates without surprise. Construction Products Group saw 1.9% growth, exceeding expectations. Specialty Products Group declined 8% year-over-year, missing projections. RPM shares gained 2.9% last month, underperforming the S&P 500.
RPM's Q1 earnings were $1.56, matching estimates; up from $1.36 last year. Revenue of $2.01 billion exceeded estimates, but nearly matched last year's figures. Estimate revisions trend for RPM is currently unfavorable, indicating reduced growth expectations. RPM ranks #4 (Sell) in Zacks, suggesting expected underperformance relative to the market. The Paints and Related Products industry is in the bottom 12% of Zacks rankings.