By Nicholas G. Miller
RPM International posted higher fiscal third-quarter sales as higher prices helped to offset weak do-it-yourself demand amid a slow housing market that has constrained remodeling and repair activity.
The coatings, sealants and building materials company posted net income of $51.4 million, or 40 cents a share, compared with $52 million, or 40 cents a share, the year prior.
Adjusted earnings were 57 cents a share. Analysts polled by FactSet expected 35 cents a share.
Sales rose 8.9% to $1.61 billion. Wall Street expected $1.55 billion. The company's consumer business saw net sales rise 7.9% to $564.5 million, as price increases helped to offset softness in DIY markets.
The company said its overall sales growth was driven by engineered solutions for high-performance buildings, acquisitions and favorable foreign currency translation.
RPM. reiterated its fourth-quarter sales guidance of mid-single-digit growth.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
April 08, 2026 07:05 ET (11:05 GMT)
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