RPM International Posts $440.2M Net Income on $5.63B Revenue in Q3 FY2026
RPM International Inc., a specialty coatings and sealants manufacturer, reported net income of $440.2 million for the nine months ending February 28, 2026, down 4.9% from $462.9 million in the prior-year period.
RPM International Inc. (NYSE: RPM), a manufacturer of specialty coatings, sealants and building materials, reported net income of $440.2 million for the nine months ending February 28, 2026, down from $462.9 million in the same period a year earlier. Revenue rose 6.4% to $5.63 billion from $5.29 billion. Read more earnings reports.
For the three months ending February 28, 2026, net income held nearly flat at $51.4 million, edging down 1.3% from $52.0 million in the prior-year quarter. Revenue for the quarter climbed 8.9% to $1.61 billion from $1.48 billion.
Gross profit for the nine-month period expanded to $2.31 billion from $2.17 billion, while selling, general and administrative expenses increased to $1.66 billion from $1.56 billion. The company reported interest expense of $84.3 million for the nine months, up from $70.6 million in the prior year.
Operating cash flow reached $656.7 million for the nine months ending February 28, 2026, compared to $619.0 million in the year-earlier period. The company deployed $313.7 million in investing activities and returned $366.0 million to shareholders through financing activities, including dividends and share repurchases.
RPM's balance sheet showed total assets of $7.88 billion as of February 28, 2026, up from $7.78 billion at the end of fiscal 2025. Cash and cash equivalents stood at $294.2 million, down slightly from $302.1 million. Inventory increased to $1.12 billion from $1.04 billion, while accounts receivable fell to $1.22 billion from $1.51 billion.
Stockholders' equity rose to $3.15 billion from $2.89 billion at the end of the prior fiscal year. The company had 127.9 million common shares outstanding as of February 28, 2026, compared to 128.3 million at fiscal year-end 2025.
Diluted earnings per share for the nine months declined to $3.43 from $3.59 in the prior-year period. For the fiscal third quarter, diluted EPS held steady at $0.40, matching the prior-year quarter.
| Financial Metric | Q3 FY2026 (3 months) | Q3 FY2025 (3 months) | YTD FY2026 (9 months) | YTD FY2025 (9 months) |
|---|---|---|---|---|
| Revenue | $1,607.9M | $1,476.6M | $5,631.6M | $5,290.7M |
| Gross Profit | $634.8M | $567.5M | $2,308.2M | $2,168.7M |
| SG&A Expenses | $533.9M | $501.7M | $1,656.9M | $1,557.7M |
| Net Income | $51.4M | $52.0M | $440.2M | $462.9M |
| Diluted EPS | $0.40 | $0.40 | $3.43 | $3.59 |
The company's Delaware-incorporated operations generated cost of goods sold of $3.32 billion for the nine-month period, up from $3.12 billion in the prior year. Current assets totaled $3.05 billion as of February 28, 2026, down from $3.17 billion at fiscal year-end 2025, while current liabilities declined to $1.34 billion from $1.47 billion.
Goodwill and intangible assets stood at $1.68 billion and $821.5 million respectively as of the quarter end, reflecting modest increases from prior periods. Property, plant and equipment rose to $1.52 billion from $1.47 billion at the end of fiscal 2025.