Pricing supports RPM Q2 sales

RPM International Inc. had sales of $1.79 billion for the second quarter of its 2024 fiscal year, up slightly from sales in the second quarter of fiscal 2023. The company says pricing was positive in all segments as they catch up with cost inflation. The Construction Products Group (CPG) segment had sales of $662 million for the quarter, up 8.1 percent over sales of $612 million in the year-ago period. Sales for the Performance Coatings Group (PCG) segment were $375 million in the second quarter, up 5.1 percent compared to sales of $357 million in the prior-year quarter. Sales for the Specialty Products Group (SPG) were $177 million, down 16.6 percent compared to sales of $212 million in the previous year. Overall adjusted EBIT was $237 million, up 10.4 percent compared to adjusted EBIT of $215 million in the year-ago period.