RPM International Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended February 29, 2024
April 04, 2024 at 06:45 am EDT
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RPM International Inc. reported earnings results for the third quarter and nine months ended February 29, 2024. For the third quarter, the company reported sales was USD 1,522.98 million compared to USD 1,516.18 million a year ago. Net income was USD 61.2 million compared to USD 26.97 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.47 compared to USD 0.21 a year ago.
For the nine months, sales was USD 5,327.11 million compared to USD 5,240.2 million a year ago. Net income was USD 407.79 million compared to USD 327.33 million a year ago. Basic earnings per share from continuing operations was USD 3.18 compared to USD 2.55 a year ago. Diluted earnings per share from continuing operations was USD 3.16 compared to USD 2.54 a year ago.
RPM International Inc., through its subsidiaries, manufacture, market and sell various specialty chemical product lines, including specialty paints, infrastructure rehab and repair products, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance and improvement needs of the industrial, specialty and consumer markets. It operates through four segments: Construction Products Group (CPG), Performance Coatings Group (PCG), Consumer Group (Consumer) and Specialty Products Group (SPG). Its CPG segment includes construction sealants and adhesives, coatings and chemicals, roofing systems, concrete admixture and repair products, building envelope solutions, insulated cladding, flooring systems, and weatherproofing solutions. Its PCG segment includes flooring solutions, corrosion control and fireproofing coatings, infrastructure repair systems, fiberglass reinforced plastic gratings, drainage systems, and raised-flooring systems for outdoor environments.