RPM International (RPM) Tops Q1 EPS by 25c, Revenue Beats, Offers Outlook
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RPM Reports Fiscal 2021 First-Quarter Results
October 7, 2020 6:45 AM EDTStrategically balanced business model and operating improvement program enable RPM to resume growth Sales increased 9.1% to a first-quarter record $1.61 billion Net income increased 70.1% to $180.6 million Diluted EPS increased 69.5% to $1.39; adjusted diluted EPS increased 51.6% to $1.44 EBIT increased 51.0% to $250.4 million; adjusted EBIT increased 39.8% to $269.2 million Cash from operations doubled to a record $318 million due to margin improvement activities and good working capital management Fiscal 2021 second-quarter outlook anticipates low- to mid-single digit sales growth and more than 20% adjusted EBIT growth
MEDINA, Ohio--(BUSINESS... More
