- RPM International’s adjusted EPS for the third quarter beat estimates, with 52c vs. the estimated 47c.
- The company reported net sales of $1.52 billion, a 0.4% increase year-over-year.
- The Construction Products Group reported net sales of $495.8 million, falling short of the estimated $514.6 million.
- Performance Coatings Group exceeded estimates with net sales of $343.5 million, a 15% increase year-over-year.
- The Specialty Products Group reported net sales of $176.5 million, a 7.6% decrease year-over-year but still above the estimated $162.8 million.
- Consumer Group net sales were at $507.2 million, a 4% decrease year-over-year and below the estimated $516.1 million.
- The company’s adjusted Ebit was $110.1 million, a 31% increase year-over-year, but below the estimated $148.7 million.
- For the fiscal full-year 2024, RPM International is expecting revenue and adjusted EBIT growth to be near the midpoint of the previously stated outlook.
- The outlook for the fiscal 2024 fourth quarter predicts sales to be approximately flat and adjusted EBIT growth in high-single-digits.
- The company credits its third-quarter results to its strategic balance, focus on repair and maintenance, and MAP 2025 operating improvement initiatives.
Rpm International on Smartkarma
The latest analyst coverage on RPM International Inc. is generating quite a buzz on Smartkarma, an independent investment research network. According to a report published by Baptista Research, RPM International Inc. has delivered exceptional sales growth in the previous quarter, with a 4.1% surge in consolidated sales. The company’s sales reached an unprecedented $2.01 billion, driven by consumer demands and effective pricing strategies. The report also highlights a 3.9% increase in organic sales, further solidifying RPM International Inc.’s strong performance.
However, not all segments of the company experienced the same level of success. The report mentions that the Specialty Products Group saw a decline of 10.7% in sales, reaching only $181 million. This was primarily due to weak demand from original equipment manufacturers (OEMs) and divestitures. Nevertheless, with the overall positive performance and potential for growth, analysts at Smartkarma are leaning towards a bullish sentiment for RPM International Inc.
A look at Rpm International Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Rpm International is a company that makes and sells different types of specialty chemicals. They have a variety of product lines including specialty paints, protective coatings and roofing systems, and sealants and adhesives. These products are used for maintenance in both industrial and consumer markets.
According to Smartkarma’s Smart Scores, Rpm International has a promising long-term outlook. The company has received a score of 5 for momentum, indicating strong growth potential. It also scored a 3 for both dividend and growth, showing that it is performing well in terms of generating returns for investors and expanding its business. However, the company scored a 2 for both value and resilience, suggesting that it may not be the most undervalued stock and may face some challenges in the future. Overall, Rpm International‘s Smart Scores suggest that it is a company with solid growth potential and a strong focus on rewarding its investors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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