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Feb 28, 2022
RPM Q3 2022 Earnings Report
Reported record results driven by strong sales growth amidst supply chain challenges and inflation.
Key Takeaways
RPM International Inc. reported record third-quarter sales of $1.43 billion, a 13% increase over the prior-year period. Net income was $33.0 million, and diluted EPS was $0.25. Adjusted diluted EPS was $0.38. The company's outlook for the fourth quarter includes sales growth and adjusted EBIT growth in the low teens.
Record third-quarter sales of $1.43 billion, a 13% increase over prior-year period.
Net income was $33.0 million, with diluted EPS at $0.25 and adjusted diluted EPS at $0.38.
Record third-quarter EBIT of $66.9 million, a 2.3% increase over prior-year period.
Fiscal 2022 fourth-quarter outlook calls for sales growth and adjusted EBIT growth in the low teens.
Revenue by Segment
Forward Guidance
RPM expects to generate fiscal 2022 fourth-quarter consolidated sales growth in the low teens. Consolidated adjusted EBIT for the fourth quarter of fiscal 2022 is anticipated to increase in the low teens.
Positive Outlook
- Strategic investments are expected to capitalize on market opportunities and industry trends.
- Anticipates sales growth in the low teens in all four of its operating segments.
- Adjusted EBIT for the fourth quarter of fiscal 2022 is anticipated to increase in the low teens.
- The Consumer Group continues to work to neutralize inflationary factors.
- Adding manufacturing capacity to improve resiliency.
Challenges Ahead
- Ongoing supply chain challenges and raw material shortages are expected to impact operations.
- The strengthening U.S. dollar will unfavorably impact the translation of RPM’s results in international markets.
- Russian sanctions are exacerbating inflation of energy and transportation costs.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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