RPM International reported record-breaking third-quarter sales and earnings that significantly exceeded analyst expectations. The specialty coatings leader saw its stock price jump over 11% following the announcement.
- Q3 revenue reached $1.61 billion, up 8.9% YoY
- Adjusted EPS of $0.57 significantly beat the $0.35 estimate
- Stock price surged nearly 12% on the news
- Trading at 15.3x operating cash flow vs 18.2x five-year average
- 52nd consecutive year of dividend growth
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