RPM sees Q4 consolidated sales flat compared to prior-year record results

Q4 consensus $2.02B. "Given the increasingly cautious economic outlook, we are focused on executing initiatives within our control. These include MAP 2025 initiatives, where we continue to make structural improvements to our costs and working capital to drive margins and cash flow. We remain on track to exceed our year-one MAP 2025 EBIT target of $120 million. Additionally, we are aligning resources with demand levels, launching new products over the next several quarters, and leveraging our strong positions in expanding end markets that serve infrastructure and reshoring projects," CEO Sullivan added. The company expects the following in the fiscal year 2023 fourth quarter: Consolidated sales to be flat compared to prior-year record results. CPG sales to decline in the low- to 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 decline in the low-double-digit percentage range compared to prior-year record results. Consumer Group sales to increase in the mid-single-digit percentage range compared to prior-year record results. Consolidated adjusted EBIT to be flat to down in the high-single-digit percentage range compared to a record in the fiscal year 2022 fourth quarter.