RPM International (NYSE:RPM) reported fiscal first-quarter results in line with profit expectations, while revenue exceeded analyst estimates, prompting the company to revise its outlook.
Shares fell 5% in premarket trading on Wednesday as of 07:06 ET.
The company posted earnings of $1.88 per share, matching analyst projections. Revenue climbed 7.4% year over year to a record $2.11 billion, surpassing the $2.05 billion consensus.
Adjusted EBIT reached a new high of $337.8 million, up 2.9% from the previous year.
“Our associates’ focused pivot to growth was evident during the quarter with organic sales up solidly in a challenging macro environment. We leveraged our ability to provide turnkey solutions and systems to high-performance buildings and benefited from our focus on repair and maintenance,” said Frank Sullivan, RPM chairman and CEO.
Looking ahead to fiscal 2026’s second quarter, RPM expects consolidated sales to rise in the mid-single-digit range versus last year, with consumer sales projected to grow slightly faster than the other segments, supported by acquisitions.
Adjusted EBIT is also forecast to increase in the mid-single-digit range compared to the prior-year record.
For the full fiscal year, the company anticipates consolidated sales growth near the upper end of its previous low- to mid-single-digit projection. Adjusted EBIT is expected to rise toward the lower end of the earlier forecast of high-single- to low-double-digit growth relative to last year.
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