Is RPM International Shifting Into High Gear?
RPM International Leans Into Price Increases For Record Results RPM International (NYSE: RPM ) reported a mixed quarter but gave favorable guidance that should help lift share prices over the next few months. RPM International Leans Into Price Increases For Record Results RPM International (NYSE: RPM ) reported a mixed quarter but gave favorable guidance that should help lift share prices over the next few months. The caveat is that pricing increases can be blamed on most of the success, and price increases aren''t ending. While RPM International did not give any color on how pricing increases are impacting the sales or volume, we know that competitor PPG Industries (NYSE: PPG ) has raised its prices by more than 15% over the last two years. In this light, the YOY growth is still good but less so than it could be and the outlook isn''t that great either. The company is expecting to grow revenue and widen margins but, once again, on the back of increased pricing that we see cutting into volume sales. "The company expects to continue implementing price increases as needed and improving operational efficiencies in order to minimize cost pressures and restore margins closer to historical …
Is RPM International Shifting Into High Gear?
RPM International Leans Into Price Increases For Record Results RPM International (NYSE: RPM ) reported a mixed quarter but gave favorable guidance that should help lift share prices over the next few months. RPM International Leans Into Price Increases For Record Results RPM International (NYSE: RPM ) reported a mixed quarter but gave favorable guidance that should help lift share prices over the next few months. The caveat is that pricing increases can be blamed on most of the success, and price increases aren''t ending. While RPM International did not give any color on how pricing increases are impacting the sales or volume, we know that competitor PPG Industries (NYSE: PPG ) has raised its prices by more than 15% over the last two years. In this light, the YOY growth is still good but less so than it could be and the outlook isn''t that great either. The company is expecting to grow revenue and widen margins but, once again, on the back of increased pricing that we see cutting into volume sales. "The company expects to continue implementing price increases as needed and improving operational efficiencies in order to minimize cost pressures and restore margins closer to historical …