RPM International Analysts Slash Their Forecasts After Downbeat Earnings

RPM International Inc. (NYSE:RPM) reported worse-than-expected third-quarter financial results on Tuesday.

Sales declined 3% year over year to $1.48 billion, missing the consensus of $1.51 billion. Adjusted EPS was 35 cents, missing the consensus of 49 cents.

Frank C. Sullivan, RPM chairman and CEO said, "Unseasonably cold weather in the southern U.S. and wildfires in the west reduced demand in geographies that typically have more construction and outdoor project activity in winter months."

"As we look toward the fourth quarter, macroeconomic conditions are challenging, but we are seeing pockets of positive momentum and are leveraging our focus on repair and maintenance in both construction and consumer ...

https://www.benzinga.com/25/04/44710048/rpm-international-analysts-slash-their-forecasts-after-downbeat-earnings