RPM International (RPM) PT Lowered to $123 at BMO Capital
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RPM Reports Record Fiscal 2024 Third-Quarter Results
April 4, 2024 6:45 AM EDTRecord third-quarter net sales of $1.52 billion, up 0.4% from the prior year Record third-quarter net income of $61.2 million, record diluted EPS of $0.47, and record EBIT of $93.4 million Record third-quarter adjusted diluted EPS of $0.52 increased 40.5% over prior year and record adjusted EBIT increased 31.3% to $110.1 million Fourth consecutive quarter of record cash provided by operating activities, with $1.26 billion generated during the trailing 12 months Fiscal 2024 fourth-quarter outlook calls for sales to be approximately flat and adjusted EBIT growth of high-single-digits Fiscal full-year 2024 outlook calls for revenue growth near midpoint of previous outlook of... More
