RPM International Expects Q2 Sales To Be Flat, Adj. EBIT Growth In Mid-Single-Digit; And Reaffirmed 2025 Revenue Growth Outlook Of Low Single Digits And Adj. EBIT Growth Of Mid-Single-Digits To Low-Double-Digits
Portfolio Pulse from Benzinga Newsdesk
RPM International anticipates flat sales for Q2, with adjusted EBIT growth in the mid-single-digit range. The company reaffirms its 2025 revenue growth outlook of low single digits and adjusted EBIT growth of mid-single-digits to low-double-digits.
October 02, 2024 | 10:49 am
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RPM International expects flat sales for Q2 but anticipates mid-single-digit growth in adjusted EBIT. The company reaffirms its 2025 growth outlook.
The news indicates that RPM International's sales will be flat in the short term, which might not excite investors. However, the expected growth in adjusted EBIT and reaffirmation of long-term growth targets could provide some confidence, balancing the short-term impact.
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