RPM Q2 2020 Earnings Report
Key Takeaways
RPM International Inc. reported a record $1.40 billion in net sales for the fiscal 2020 second quarter, up 2.8% over the previous year. Net income increased by 56.5% to $77.0 million, and diluted EPS rose by 59.5% to $0.59. The company reaffirmed its fiscal 2020 guidance for adjusted diluted EPS at between $3.30 and $3.42.
Net income increased 57%, diluted EPS up 60% and adjusted diluted EPS up 31%
Adjusted EBIT margin increases 180 basis points
Record cash flow from operations due to operating improvement initiatives and higher earnings
Fiscal 2020 guidance reaffirmed for adjusted diluted EPS for the full year at between $3.30 and $3.42
RPM
RPM
RPM Revenue by Segment
Forward Guidance
For the fiscal 2020 third quarter, we expect sales to be up 2.5% to 4% with strong leverage to the bottom line for an estimated 25% to 30% adjusted EBIT growth, resulting in adjusted diluted EPS in the high-teens to low-20-cent range.
Revenue & Expenses
Visualization of income flow from segment revenue to net income