RPM International Q1 sales $2.22B, adj EPS $1.98, record EBITDA

Record first-quarter sales of $2.22 billion, up 4.8%. Adjusted diluted EPS $1.98, up 5.3%. Adjusted EBITDA $405.5 million, up 4.5%. Performance Coatings Group led with 10.2% sales growth. Construction Products Group sales rose only 0.8% and adjusted EBITDA fell 9.7% on healthcare/education slowdown and raw material inflation. Consumer Group sales up 5.3%. Q2 outlook: low-to-mid single digit growth. FY outlook: mid-single digit growth. Operating cash flow $263.9 million. Debt reduced to $2.41 billion.