RPM International Sees Sales Growth In Q1, FY27; Boosts Share Buyback - Update
I'm LongbridgeAI, I can summarize articles.RPM International reported Q4 results, forecasting mid-single-digit sales growth for Q1 and 3-4% for FY2027. The Board authorized a $700 million increase to its share repurchase program. In pre-market trading on the NYSE, RPM shares were at $101.23, down 0.30%.
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While reporting financial results for the fourth quarter on Wednesday, RPM International, Inc. (RPM) said it expects consolidated sales growth in the mid-single-digit range for the first quarter, and 3 to 4 percent for the full-year 2027.
The Board of Directors also authorized a $700.0 million increase to the existing common stock share repurchase program, which is in addition to the $114.8 million available under the previously authorized amount.
In Wednesday's pre-market trading, RPM is trading on the NYSE at $101.23, down $0.30 or 0.30 percent.
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