RPM International’s Q1 Results Review
<p><a href='https://financialmodelingprep.com/financial-summary/RPM'>RPM International Inc. (NYSE:RPM) </a>reported its Q1 results, with EPS coming in at $1.08, beating the consensus estimate of $1.04.</p>
<p>The company provided its outlook on Q2 and full 2022-year, expecting double-digit growth in sales year-over-year in CPG, PCG and Specialty (approximately 65% of total sales), partially offset by Consumer’s double-digit year-over-year decrease driven by tough comps and raw material availability headwinds, which should negatively impact total company sales by approximately $200 million in Q2.</p>
<p>Analysts at RBC Capital provided their outlook on the company following the quarterly results. They slightly lowered their price target on the company’s shares to $87 from $89, but maintained their sector perform rating. The analysts lowered their near-term estimates on the industry-wide supply chain headwinds and raw material inflation. According to the brokerage, the demand appears to remain strong and, therefore, it doesn’t expect the majority of lost sales to be deferred into later quarters.</p>

NYSE:RPM