RPM International Inc's stock surged 5.47% during the pre-market session on Wednesday, following the release of its fiscal third-quarter financial results.
The company reported adjusted earnings per share of $0.57, significantly beating the analyst consensus estimate of $0.35 by 62.86%. Quarterly sales reached $1.608 billion, exceeding estimates of $1.546 billion by 4.02% and representing an 8.9% increase from the same period last year.
RPM International also reaffirmed its guidance for the fourth quarter, projecting net sales growth in the mid-single digits and adjusted EBIT growth in the low- to high-single digits. The strong performance, coupled with maintained positive outlook, fueled investor optimism leading to the pre-market price increase.