The company posted a profit of $221.2 million, or $1.73 a share, for the period ending May 31, dipping slightly from the $225.8 million, or $1.76 a share, recorded during the same quarter last year. When excluding one-time items, earnings reached $1.89 a share, falling just shy of the $1.90 mark anticipated by FactSet analysts.
In section Market Quotes
RPM International Rallies as Sales Surge and Growth Forecasts Hold
Shares of RPM International jumped 8.3% to $110.00 in Wednesday's premarket trading, signaling investor confidence after the building-materials company reported a 7.2% revenue increase to $2.23 billion for the fiscal fourth quarter, alongside a positive outlook for the coming year despite lingering inflationary pressures.
Chief Executive Frank Sullivan attributed the recent performance to a strategic focus on restoration and maintenance solutions, which allowed the firm to capture a larger portion of construction spending. Looking toward fiscal 2027, the company projects annual sales growth between 3% and 7%. Sullivan expects the current momentum to persist, though he cautioned that the firm remains mindful of inflationary risks tied to geopolitical instability in the Middle East.
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