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.（紐約證券交易所代碼：RPM）公佈了24財年第三季度業績後，該公司股價走低。
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.
銷售額同比增長0.4％，至15.23億美元，略高於市場普遍預期的15.18億美元。調整後的每股收益爲0.52美元，超過了市場預期的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.
該公司在所有細分市場均實現了積極的定價，爲基礎設施、改造和高性能建築項目提供服務的業務的銷量增長最爲強勁。
However, the revenue growth was offset by lower DIY consumer takeaway at retail stores and tough comparables in the disaster restoration business.
但是，收入增長被零售商店DIY消費者外賣的減少以及災難恢復業務中艱難的同類業務所抵消。
Geographically, sales growth was strongest in emerging markets, with Africa/Middle East rising 22.9% and Latin America increasing 13.5% Y/Y.
從地域上看，新興市場的銷售增長最爲強勁，非洲/中東同比增長22.9％，拉丁美洲同比增長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.
調整後的息稅前利潤同比增長31.3％，至1.101億美元，本季度利潤率增長了170個點子，這得益於MAP 2025舉措、向更高利潤率產品和服務轉變的積極組合，以及銷量增長企業的固定成本槓桿率的提高。
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財年的九個月中，運營現金流爲9.411億美元。該公司通過現金分紅和股票回購向股東返還了2.101億美元。
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，包括現金和承諾的循環信貸額度在內的總流動性爲12.9億美元，總債務爲21.9億美元。
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美元的定期季度現金股息將於2024年4月30日支付給截至2024年4月19日的登記股東。
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：對於24財年第四季度，該公司預計銷售額同比持平，調整後的息稅前利潤將同比增長個位數。
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.
該公司預計，24財年的收入增長將接近先前預期的低個位數增長的中點，調整後的息稅前利潤增長將接近先前預期的低兩位數至十幾位數增長的中點。
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董事長兼首席執行官弗蘭克·沙利文表示：“按細分市場來看，基礎設施和外包支出的長期利好風預計將繼續，儘管PCG在第四季度將面臨一些暫時的阻力，包括那些已提前到第三季度的阻力。SPG的業務狀況已顯示出穩定的早期跡象，但一些終端市場仍然疲軟，消費者集團繼續面臨DIY壓力。”
Also Read: RPM International Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
另請閱讀: RPM國際收益迫在眉睫；這些最準確的分析師在業績電話會議之前修改了預測
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).
投資者可以通過景順多爾西賴特基礎材料動量ETF（納斯達克股票代碼：PYZ）和ProShares標普中型股400股息貴族ETF（BATS: REGL）獲得股票敞口。
Price Action: RPM shares are down 3.42% at $114.61 on the last check Thursday.
價格走勢：在週四的最後一次支票中，RPM股價下跌3.42％，至114.61美元。