RPM International (RPM) Stock News

Deutsche Bank lowered its price target for RPM International from $126.00 to $115.00.

RPM International provided guidance for its fiscal second quarter, expecting sales and adjusted EBITDA to increase by low- to mid-single digits compared to the prior-year period. The specialty chemicals company released the outlook alongside its first-quarter results. No further details were provided.

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.

RPM International earned $2.01 per share in its fiscal first quarter, according to a Tuesday morning release.

RPM International reported first-quarter sales of $2.22 billion. The company also reported EPS and adjusted EPS in separate headlines. This is a routine earnings release.