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Aug 31, 2024
RPM Q1 2025 Earnings Report
Reported record first-quarter results driven by MAP 2025 initiatives and strategic execution.
Key Takeaways
RPM International Inc. reported record financial results for its fiscal 2025 first quarter, with record net income of $227.7 million and diluted EPS of $1.77. Adjusted diluted EPS increased 12.2% to $1.84, and adjusted EBIT increased 6.3% to $328.3 million. Net sales were $1.97 billion, a decrease of 2.1% from the prior year.
Record first-quarter net income of $227.7 million and diluted EPS of $1.77 were achieved.
Adjusted diluted EPS increased 12.2% year-over-year to $1.84, and adjusted EBIT increased 6.3% to $328.3 million.
Net sales decreased 2.1% year-over-year to $1.97 billion.
Strong cash flow from operating activities of $248.1 million was reported.
RPM
RPM
RPM Revenue by Segment
Revenue by Segment
Consumer Group Revenue
CapyFin.com Forward Guidance
The company expects flat sales growth and mid-single digit adjusted EBIT growth for the fiscal 2025 second quarter. The full-year outlook is unchanged with revenue growth of low-single digits and adjusted EBIT growth of mid-single digits to low-double digits.
Positive Outlook
- Consolidated sales to be flat compared to prior-year record results.
- CPG sales to increase in the low-single-digit percentage range compared to prior-year record results.
- PCG sales to be flat compared to prior-year record results.
- Consolidated sales increasing in the low-single-digit percentage range compared to prior-year record results for full year.
- Consolidated adjusted EBIT increasing in the mid-single- to low-double-digit percentage range compared to prior-year record results for full year.
Challenges Ahead
- SPG sales to decline in the low-single-digit percentage range compared to prior-year results.
- Consumer Group sales to decline in the low-single-digit percentage range compared to prior-year results.
- The economic outlook for the second quarter remains mixed with continued growth in high-performance building construction and renovation, and softness in residential end markets.
- While we are optimistic that lower interest rates will eventually lead to a rebound in residential markets, it is too early to say precisely when growth will return.
- Global and regional markets and general economic conditions, including uncertainties surrounding the volatility in financial markets, the availability of capital and the viability of banks and other financial institutions.