RPM International reports record first-quarter sales of $2.22 billion
The specialty coatings maker posted net income of $256.4 million and updated its full-year outlook for fiscal 2027.
Key takeaways
- RPM International Inc. (RPM) reported record first-quarter net sales of $2.22 billion and net income of $256.4 million for the period ended August 31, 2026. Adjusted diluted EPS reached $1.98, while adjusted EBITDA rose to $405.5 million. The company updated its full-year fiscal 2027 outlook to project mid-single-digit growth for both sales and adjusted EBITDA.
RPM International Inc. (RPM) said on Tuesday that net sales reached a record $2.22 billion for the first quarter ended August 31, 2026, marking a 4.8% increase compared to the prior-year period. Net income attributable to stockholders was $256.4 million, or $2.01 per diluted share.
Here's how the company did:
- Revenue: $2.22 billion vs. $2.11 billion a year earlier
- Net income: $256.4 million vs. $227.6 million a year earlier
- Diluted EPS: $2.01 vs. $1.77 a year earlier
- Adjusted diluted EPS: $1.98 vs. $1.88 a year earlier
- Adjusted EBITDA: $405.5 million vs. $388 million a year earlier
Frank C. Sullivan said, "The resilience of our associates and business model was on full display in the first quarter as we generated another quarter of record sales and adjusted EBITDA."
Sales included 3.1% organic growth, 1.6% growth from acquisitions net of divestitures, and a 0.1% tailwind from foreign currency translation. Operating cash flow was $263.9 million, up from $237.5 million a year earlier, driven by improved working capital efficiency.
Total debt stood at $2.41 billion as of August 31, 2026, down from $2.67 billion a year ago. Total liquidity was $1.21 billion.
For the second quarter of fiscal 2027, the company expects consolidated sales and adjusted EBITDA to increase in the low- to mid-single-digit range compared to the prior year. For the full year, consolidated sales and adjusted EBITDA are projected to increase in the mid-single-digit range.