RPM International (RPM) Tops Q2 EPS by 7c
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RPM Reports Fiscal 2021 Second-Quarter Results
January 6, 2021 6:45 AM ESTRecord second-quarter sales, earnings and cash from operations Sales increased 6.0% to $1.49 billion and were boosted by the acquisition of Ali Industries Net income increased 65.7% to $127.7 million as the MAP to Growth operating improvement program enabled RPM to leverage moderate sales growth to bottom line Diluted EPS increased 66.1% to $0.98; adjusted diluted EPS increased 39.5% to $1.06 EBIT increased 49.8% to $178.7 million; adjusted EBIT increased 29.7% to $199.3 million Record cash from operations of $579.5 million for the first half was due to margin improvements and good working capital management Fiscal 2021 third-quarter outlook calls for mid-single-digit... More
