RPM International (RPM) Tops Q3 EPS by 6c

RPM International (NYSE: RPM) reported Q3 EPS of $0.37, $0.06 better than the analyst estimate of $0.31. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.47 billion.

GUIDANCE:

The company expects the following in the fiscal year 2023 fourth quarter:

• Consolidated sales to be flat compared to prior-year record results.
• CPG sales to decline in the low- to mid-single-digit percentage range compared to prior-year record results.
• PCG sales to increase in the mid-single-digit percentage range compared to prior-year record results.
• SPG sales to decline in the low-double-digit percentage range compared to prior-year record results.
• Consumer Group sales to increase in the mid-single-digit percentage range compared to prior-year record results.
• Consolidated adjusted EBIT to be flat to down in the high-single-digit percentage range compared to a record in the fiscal year 2022 fourth quarter.

For earnings history and earnings-related data on RPM International (RPM) click here.

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