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Record second-quarter sales of $1.85 billion, an increase of 3% over the prior year.
January 7, 2025
By: DAVID SAVASTANO
Editor, Ink World Magazine
RPM International Inc. reported record financial results for its fiscal 2025 second quarter ended Nov. 30, 2024. RPM reported record second-quarter sales of $1.85 billion, an increase of 3% over the prior year, as well as record second-quarter net income of $183.2 million, record diluted EPS of $1.42, and record EBIT of $227.6 million. Record second-quarter adjusted diluted EPS of $1.39 increased 13.9% over the prior year and record adjusted EBIT increased 7.7% to $255.1 million.Strong second-quarter cash provided by operating activities was $279.4 million. Fiscal 2025 third-quarter outlook calls for flat sales and adjusted EBIT to grow or decline by low-single-digits. The fiscal 2025 full-year sales outlook was reiterated at low-single-digit growth and adjusted EBIT outlook narrowed to 6% to 10% growth. “Across our businesses, RPM associates demonstrated their ability to capitalize on growth opportunities in a mixed economic environment, leading to all four of our segments generating positive volume during the second quarter, as well as record consolidated sales,” said Frank C. Sullivan, RPM chairman and CEO. “The momentum of our MAP 2025 operating improvement initiatives also continued, including the hard work to streamline SG&A expenses,” he continued. “The combination of these efforts resulted in all segments growing adjusted EBIT to achieve record consolidated second-quarter adjusted EBIT for the 12th consecutive quarter, record adjusted EBIT margin, and continued strength in operating cash flow. “Our Construction Products and Performance Coatings Groups continued generating good growth as they leveraged their focus on repair and maintenance and their technical products to serve high-performance construction projects,” added Sullivan. “In our Consumer and Specialty Products Groups, sales grew as they expanded market share, residential end markets showed signs of stabilization, and weather conditions were favorable for most of the quarter.”
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