Overview
- RPM shares rose about 12% to 13% after Wednesday's earnings release showed stronger sales and wider margins.
- Quarterly net sales reached about $1.61 billion, up 8.9% year over year, and adjusted EBIT climbed 48.8% to $116.4 million, with adjusted EPS at $0.57.
- Growth came from higher volumes, recent acquisitions, and a tailwind from foreign exchange, offset by softer do‑it‑yourself retail demand.
- Operational programs drove efficiency, with the Greenbelt effort delivering more than $50 million in savings and MAP actions generating $22.1 million in pre‑tax charges.
- The company reaffirmed its Q4 outlook and reported nine‑month operating cash flow of $656.7 million with $2.56 billion of debt and $1.02 billion of liquidity.