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May 31, 2024
RPM Q4 2024 Earnings Report
RPM reported record fourth-quarter and full-year results, driven by MAP 2025 initiatives and strategic balance.
Key Takeaways
RPM International Inc. reported a slight decrease in net sales for the fourth quarter, but achieved record adjusted EBIT. Positive organic sales growth was offset by unfavorable foreign exchange and divestitures. The company's MAP 2025 initiatives drove profitability improvements across several segments.
Net sales decreased slightly by 0.4% to $2.01 billion due to foreign exchange headwinds and divestitures.
Net income attributable to RPM stockholders increased by 19.3% to $180.6 million.
Adjusted diluted EPS increased by 14.7% to a record $1.56.
Record adjusted EBIT increased by 6.6% to $285.6 million, driven by MAP 2025 initiatives.
RPM
RPM
RPM Revenue by Segment
Revenue by Segment
Construction Products Group Revenue
CapyFin.comPerformance Coatings Group Revenue
CapyFin.comSpecialty Products Group Revenue
CapyFin.comConsumer Group Revenue
CapyFin.com Forward Guidance
RPM expects approximately flat sales and adjusted EBIT growth of mid-single digits for the fiscal 2025 first quarter. For the full fiscal year 2025, revenue growth is expected to be in the low single digits and adjusted EBIT growth in the mid-single-digits to low-double-digits.
Positive Outlook
- Remain focused on things we can control in a mixed economic environment.
- Outgrowing our markets
- Improving operating cash flow
- Leveraging the power of RPM through MAP 2025 initiatives.
- Structural improvements are making through MAP 2025 are helping us navigate the current economic landscape
Revenue & Expenses
Visualization of income flow from segment revenue to net income