RPM shares fall as softer guidance overshadows Q1 profit beat
RPM•RPM International shares fell 2% after the company forecast FY27 adjusted EBITDA growth in the mid-single-digit range, down from its previous outlook of 5% to 10%. First-quarter adjusted profit was $1.98 per share, above the $1.94 estimate, while sales of $2.22 billion matched estimates.
1. Results and outlook
RPM reported first-quarter net sales of $2.22 billion and adjusted profit of $1.98 per share. The company expects FY27 adjusted EBITDA to increase in the mid-single-digit range, compared with its prior outlook of 5% to 10%; it expects consolidated sales to rise in the mid-single-digit range, roughly in line with its previous 3% to 7% outlook.
