RPM International falls on smaller profit, dour outlook

RPM International

06/04/2023 14:23

** Shares of specialty paints and coatings maker RPM
International Inc  RPM.N  down 5.2% at $79.94 premarket
    ** Posted Q3 adj. profit of $0.37/shr, smaller than
$0.38/shr reported a year ago 
    ** Expects Q4 Consolidated sales to be flat, with
Construction Products Group sales to decline in low-to
mid-single-digit pct range 
    ** Also, reports Q3 net sales of $1.52 bln 
    ** 6 of 17 brokerages rate the stock "buy" or higher, 9
"hold" and 2 "sell" or lower; their median PT is $97.00
    ** As of last close, RPM fell 13.46% YTD 

 (Reporting By Akshita Toshniwal)
 ((Akshita.Toshniwal@thomsonreuters.com))