RPM 3Q Sales Rise, Boosted by Higher Prices

Dow Jones
Apr 08
 

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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