RPM sees Q3 sales growth flat vs last year, consensus $1.59B

“We expect business conditions in the third quarter to generally be similar to the second quarter, with strength in our CPG and PCG segments, international markets, and market share gains offsetting continued weakness in DIY and specialty OEM demand. Adjusted EBIT growth is expected to accelerate, driven by less challenging prior-year comparisons and MAP 2025 benefits, which should more than offset lower volumes in certain businesses and investments we are making to accelerate future growth and efficiencies,” Sullivan added. “For the remainder of the year, we are leveraging our focus on repair and maintenance; our strong position serving demand for infrastructure, high performance buildings and reshoring projects; and MAP 2025 to deliver another year of record sales and adjusted EBIT.” The company expects the following in the fiscal 2024 third quarter: Consolidated sales to be flat compared to prior-year record results. CPG sales to increase in the mid-single-digit percentage range compared to prior-year record results. PCG sales to increase in the mid-single-digit percentage range compared to prior-year record results. SPG sales to decrease in the mid-teen percentage range compared to prior-year record results. Consumer Group sales to decrease in the low-single-digit percentage range compared to prior-year record results. Consolidated adjusted EBIT to increase 25% to 35% compared to prior-year record results.