Company authorized $700 mln increase to share repurchase program
Result drivers
Engineered solutions & infrastructure - Increased sales of engineered solutions for high-performance buildings and infrastructure projects drove record Q4 sales, per CEO Frank C. Sullivan
Acquisitions & pricing - Acquisitions and pricing actions to offset inflation contributed to sales growth across segments
Operational improvements - Higher adjusted EBIT was driven by volume growth, improved fixed-cost leverage, and operational improvements from the MAP program
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commodity chemicals peer group is "buy"
Wall Street's median 12-month price target for RPM International Inc is $127.88, about 26% above its July 21 closing price of $101.53
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago
RPM•
