RPM Reports Results for Fiscal 2021 Fourth Quarter and Full Year
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July 27, 2021 3:31 PM EDT
RBC Capital analyst Arun Viswanathan lowered the price target on RPM International (NYSE: RPM) to $89.00 (from $100.00) while maintaining a Sector Perform rating.
Raw Material Inflation and Supply Constraints...
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July 26, 2021 6:48 AM EDT
RPM International (NYSE: RPM) reported Q4 EPS of $1.28, $0.01 better than the analyst estimate of $1.27. Revenue for the quarter came in at $1.74 billion versus the consensus estimate of $1.68 billion.
Business Outlook:
As mentioned last quarter, a number of macroeconomic factors are creating inflationary and supply pressures on some of our product categories. Due to the lag impact resulting from our FIFO accounting methodology, we expect that our fiscal 2022 first-half performance will be significantly impacted by inflation throughout our P&L, which is currently averaging in the upper-teens. We continue to... More
