What's Going On With Specialty Coatings Company RPM Stock Today?
What's Going On With Specialty Coatings Company RPM Stock Today?
RPM International Inc. (NYSE:RPM) shares are trading lower after the company reported third-quarter FY24 results.
RPM International Inc.（纽约证券交易所代码：RPM）公布了24财年第三季度业绩后，该公司股价走低。
Sales rose 0.4% Y/Y to $1.523 billion, slightly beating the consensus of $1.518 billion. Adjusted EPS of $0.52 exceeded the consensus of $0.46.
销售额同比增长0.4％，至15.23亿美元，略高于市场普遍预期的15.18亿美元。调整后的每股收益为0.52美元，超过了市场预期的0.46美元。
The company witnessed positive pricing in all segments, with volume growth being strongest in businesses serving infrastructure, reshoring, and high-performance building projects.
该公司在所有细分市场均实现了积极的定价，为基础设施、改造和高性能建筑项目提供服务的业务的销量增长最为强劲。
However, the revenue growth was offset by lower DIY consumer takeaway at retail stores and tough comparables in the disaster restoration business.
但是，收入增长被零售商店DIY消费者外卖的减少以及灾难恢复业务中艰难的同类业务所抵消。
Geographically, sales growth was strongest in emerging markets, with Africa/Middle East rising 22.9% and Latin America increasing 13.5% Y/Y.
从地域上看，新兴市场的销售增长最为强劲，非洲/中东同比增长22.9％，拉丁美洲同比增长13.5％。
Adjusted EBIT rose 31.3% Y/Y to $110.1 million, with margins expanded 170 basis points in the quarter led by MAP 2025 initiatives, a positive mix from shifting toward higher margin products and services, and improved fixed-cost leverage at businesses with volume growth.
调整后的息税前利润同比增长31.3％，至1.101亿美元，本季度利润率增长了170个基点，这得益于MAP 2025举措、向更高利润率产品和服务转变的积极组合，以及销量增长企业的固定成本杠杆率的提高。
In nine months of FY24, operating cash flow stood at $941.1 million. The company returned $210.1 million to stockholders through cash dividends and share repurchases.
在24财年的九个月中，运营现金流为9.411亿美元。该公司通过现金分红和股票回购向股东返还了2.101亿美元。
As of February 29, 2024, total liquidity, including cash and committed revolving credit facilities, stood at $1.29 billion and total debt of $2.19 billion.
截至2024年2月29日，包括现金和承诺的循环信贷额度在内的总流动性为12.9亿美元，总债务为21.9亿美元。
RPM's regular quarterly cash dividend of $0.46 per share, is payable on April 30, 2024, to stockholders of record as of April 19, 2024.
RPM每股0.46美元的定期季度现金股息将于2024年4月30日支付给截至2024年4月19日的登记股东。
Outlook: For the fourth quarter of FY24, the company expects sales to be flat Y/Y and adjusted EBIT to increase in the high single digits Y/Y.
展望：对于24财年第四季度，该公司预计销售额同比持平，调整后的息税前利润将同比增长个位数。
For FY24, the company expects revenue growth near the midpoint of the previous outlook of an increase in the low-single-digits and adjusted EBIT growth near the midpoint of the prior outlook of up low-double digits to mid-teens.
该公司预计，24财年的收入增长将接近先前预期的低个位数增长的中点，调整后的息税前利润增长将接近先前预期的低两位数至十几位数增长的中点。
Frank C. Sullivan, RPM chairman and CEO, said, "By segment, the secular tailwinds of infrastructure and reshoring spending benefitting CPG and PCG are expected to continue, although PCG will face some temporary headwinds in the fourth quarter from the timing of project completions, included those that were pulled forward into the third quarter. SPG business conditions have shown early signs of stabilization, however some end markets remain soft, and the Consumer Group continues to face DIY pressures."
RPM董事长兼首席执行官弗兰克·沙利文表示：“按细分市场来看，基础设施和外包支出的长期利好风预计将继续，尽管PCG在第四季度将面临一些暂时的阻力，包括那些已提前到第三季度的阻力。SPG的业务状况已显示出稳定的早期迹象，但一些终端市场仍然疲软，消费者集团继续面临DIY压力。”
Also Read: RPM International Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
另请阅读: RPM国际收益迫在眉睫；这些最准确的分析师在财报电话会议之前修改了预测
Investors can gain exposure to the stock via Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) and ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL).
投资者可以通过景顺多尔西赖特基础材料动量ETF（纳斯达克股票代码：PYZ）和ProShares标普中型股400股息贵族ETF（BATS: REGL）获得股票敞口。
Price Action: RPM shares are down 3.42% at $114.61 on the last check Thursday.
价格走势：在周四的最后一次支票中，RPM股价下跌3.42％，至114.61美元。