RPM International Q4 Earnings Call Highlights

• RPM International's Blowout Quarter Sparks a 15% Rally

RPM International (NYSE:RPM) reported grounds fiscal fourth-quarter results, with absorption saying each of its 3 segments accrued income and adjusted EBIT contempt inflation, proviso concatenation disruption and continued softness successful do-it-yourself user markets.

Chairman and Chief Executive Officer Frank Sullivan said the company's Construction Products Group and Performance Coatings Group continued to pb maturation by focusing connected attraction and restoration, higher-growth extremity markets and "system selling," an attack that combines aggregate RPM products into broader engineered solutions. Sullivan said the 4th marked the 16th clip successful the past 18 quarters that RPM achieved grounds adjusted EBIT results.

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• RPM International Thrives successful Rate-Cut Driven Construction Rally

"Our associates demonstrated their quality to accommodate to accrued planetary uncertainty, procure earthy materials, proceed implementing operational ratio improvements, and service customers with high-quality products and services," Sullivan said.

Construction and coatings businesses pb maturation

Michael Laroche, vice president, controller and main accounting officer, said consolidated income roseate 7.2% to a record, driven by engineered solutions for high-performance buildings and infrastructure projects, acquisitions and pricing actions intended to offset inflation. Adjusted EBIT and adjusted EPS besides reached records, according to Laroche.

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Laroche said each planetary regions posted double-digit growth, led by emerging markets, portion North American income roseate 5% connected spot successful turnkey and strategy solutions for high-performance buildings. Growth successful Europe was driven by mergers and acquisitions, and overseas currency translation besides helped income successful astir countries extracurricular the United States.

Within the Construction Products Group, Laroche said income reached a grounds connected broad-based strength, led by the factual admixtures business. Demand was strongest successful roofing and partition systems for high-performance buildings, including information centers and infrastructure projects. Volume maturation and operational efficiencies helped assistance adjusted EBIT to a record.

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The Performance Coatings Group besides posted grounds sales, with maturation led by infrastructure task solutions, nutrient coatings and ingredients, emerging markets, and fireproofing systems for high-performance buildings. Adjusted EBIT reached a record, though results were partially offset by a $3.2 cardinal atrocious indebtedness disbursal tied to a lawsuit bankruptcy.