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Nov 30, 2024
RPM Q2 2025 Earnings Report
RPM's fiscal 2025 second-quarter results were reported, showcasing record sales and net income.
Key Takeaways
RPM International Inc. reported record second-quarter sales of $1.85 billion, a 3.0% increase year-over-year, and record net income of $183.2 million, with adjusted diluted EPS increasing 13.9% to $1.39.
Record second-quarter sales driven by positive volume in all four segments.
Net income attributable to RPM stockholders reached a record $183.2 million.
Adjusted EBIT increased by 7.7% year-over-year, achieving a record for the 12th consecutive quarter.
Strong operating cash flow supported debt paydowns and reduced interest expenses.
Revenue by Segment
Forward Guidance
The company anticipates sales and adjusted EBIT will be similar to the prior year in what is our seasonally slowest quarter. For full-year fiscal 2025, the company expects consolidated sales increasing in the low-single-digit percentage range compared to prior-year record results and consolidated adjusted EBIT increasing between 6% and 10% compared to prior-year record results.
Positive Outlook
- Construction Products and Performance Coatings Groups continue to execute well with their focus on high performance buildings.
- Construction Products and Performance Coatings Groups continue to focus on maintenance and restoration projects.
- Expects consolidated sales increasing in the low-single-digit percentage range compared to prior-year record results.
- Expects consolidated adjusted EBIT increasing between 6% and 10% compared to prior-year record results.
- MAP 2025 initiatives are expected to continue driving benefits.
Challenges Ahead
- End market pressure caused by winter weather that is meaningfully harsher than the prior year.
- Stubbornly elevated mortgage rates have put pressure on sales in Consumer and Specialty Products Groups.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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