RPM International Expects Third Quarter Results at Higher End of Previous Guidance
RPM reports that the positive momentum of its 2020 MAP to Growth operating improvement plan contributed to good earnings leverage in the third quarter.
RPM International Inc. recently announced that it expects its financial results for its fiscal third quarter ended February 29, 2020, to be at the higher end of its guidance provided on January 8, 2020. At that time, the company said that it expected revenue for the fiscal third quarter to be up 2.5-4%. RPM reports that the positive momentum of its 2020 MAP to Growth operating improvement plan contributed to good earnings leverage in the third quarter.
“As the impact of the COVID-19 outbreak continues to evolve, RPM’s top priorities include protecting the health and well-being of our associates and their family members, supporting our local communities to control the spread of the virus, and maintaining the continuity and success of our business operations,” said Frank C. Sullivan, RPM chairman and CEO. “While the COVID-19 outbreak continues globally, our supply chain and business operations remain strong, our March operating results are solid, and we continue to meet the changing needs of our customers in a timely manner during this unprecedented period.”
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