RPM International Expects Q3 Sales Growth To Be Flat Y/Y, Adjusted EBIT To Increase 25% To 35% Y/Y
Portfolio Pulse from Benzinga Newsdesk
RPM International anticipates flat year-over-year sales growth for Q3, but expects adjusted EBIT to rise by 25% to 35% compared to the same period last year.
January 04, 2024 | 11:49 am
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RPM International expects no change in Q3 sales from last year, but forecasts a substantial increase in adjusted EBIT by 25% to 35% Y/Y.
While flat sales growth typically does not excite investors, the projected increase in adjusted EBIT by 25% to 35% is a strong indicator of improved profitability and operational efficiency. This could lead to positive investor sentiment and a potential increase in RPM's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100