RPM International Inc. Announces Record Fiscal 2025 Second Quarter Results

RPM International Inc. has reported record financial results for its fiscal 2025 second quarter ended November 30, 2024. The company’s second-quarter sales reached $1.85 billion, representing a 3.0% increase over the prior year. Net income for the quarter was $183.2 million with a record diluted earnings per share of $1.42 and record EBIT of $227.6 million.

The company highlighted strong cash provided by operating activities amounting to $279.4 million during the second quarter. For the full fiscal year of 2025, RPM reiterated its sales outlook for low-single-digit growth and narrowed its adjusted EBIT outlook to between 6% and 10% growth.

Frank C. Sullivan, RPM’s chairman and CEO, expressed satisfaction with the growth opportunities the company was able to capture despite a mixed economic environment. All four segments of RPM showed positive volume growth during the quarter, with record consolidated sales achieved.

Sullivan noted that RPM’s focus continues to be on leveraging its competitive strengths to outgrow its markets and implement the MAP 2025 initiatives. The company anticipates sales and adjusted EBIT to remain similar to the prior year in its seasonally slowest quarter. Construction Products and Performance Coatings Groups are expected to perform well, while Consumer and Specialty Products Groups might face challenges due to elevated mortgage rates and unfavorable weather conditions.

Moreover, the company saw improved cash flow that enabled it to repay higher-cost debt, reducing total debt to $2.03 billion compared to $2.25 billion a year ago. Total liquidity, including cash and committed revolving credit facilities, was reported at $1.50 billion.

RPM International Inc., known for its specialty coatings, sealants, and building materials, operates across consumer, construction products, performance coatings, and specialty products segments. The company’s diverse portfolio of market-leading brands has made it a trusted name in the industry.

For further details, RPM will host a conference call to discuss these results at 10:00 a.m. ET today. The call can be accessed via webcast or by phone, with a replay available until January 14, 2025.

It’s important to note that the financial information in this report includes non-GAAP measures such as EBIT and adjusted EBIT. RPM utilizes these metrics to provide a clearer understanding of its financial performance beyond standard GAAP measures. The company also uses key performance indicators like operating working capital as a percentage of sales to evaluate its working capital investment needs.

Forward-looking statements in the report lay out the company’s expectations for the future, acknowledging uncertainties and factors that could impact its results. RPM International remains committed to updating and revising its strategies to meet changing market conditions and regulatory requirements.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read RPM International’s 8K filing here.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.