RPM International (RPM) Reports In-Line Q1 EPS
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RPM Reports Fiscal 2022 First-Quarter Results
October 6, 2021 6:45 AM EDTConsolidated sales increased to a record $1.65 billion Net income was $134.6 million and diluted EPS was $1.04, decreasing 25% compared to prior-year periods extraordinary growth of 70% Consolidated EBIT of $196.8 million decreased 21.4% and adjusted EBIT of $206.8 million declined 23.2% due to supply chain challenges, inflation and tough comparison for Consumer Group Three of four operating segments generated solid sales and adjusted EBIT growth in fiscal 2022 first quarter Exception was Consumer Group, which faced tough comparison to prior-year period when sales increased 33.8% and adjusted EBIT was up 121.6% Making strategic growth investments in fiscal 2022, including two... More
