By Dean Seal

RPM International recorded a smaller profit in its fiscal third quarter as poor weather conditions over the winter cut into construction activity.

The maker of coatings, sealants and building-materials posted a profit of $52 million, or 40 cents a share, for the quarter ended Feb. 28. That's down from $61.2 million, or 47 cents a share, in the same period a year earlier.

Stripping out one-time items, adjusted earnings were 35 cents a share. Analysts polled by FactSet had been expecting 50 cents a share.

Sales slid 3% to $1.48 billion, missing analyst projections for $1.51 billion.

Unfavorable weather conditions started in early January persisted and became more widespread as the quarter progressed, Chief Executive Frank Sullivan said. Unseasonably cold weather in Southern states and wildfires in the West cut demand in geographies that typically have more construction and outdoor project activity during the winter months, he said.

The company expects sales to come in flat for the current quarter, with gains in its performance coatings group offset by declines in its specialty-products and consumer groups.

Shares fell 6.5% to $99.73 in premarket trading.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

April 08, 2025 07:18 ET (11:18 GMT)

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