FINWIRES · TerminalLIVE
FINWIRES

RPM to Continue 'Solid' Mid-Single Digit Growth in Construction Products, Performance Coatings Businesses, RBC Says

By

RPM International (RPM) is expected to continue posting "solid" mid-single digit percentage growth in its Construction Products and Performance Coatings businesses, offsetting flat to lower-single digit percentage declines in its Consumer segment, RBC Capital Markets said in a Wednesday note.

The momentum is Construction Products business is expected to further continue in the company's fiscal 2027 supported by its share gains and focus on integrated turnkey solutions, whereby customers use RPM for design, installation, and ongoing maintenance and warranties, RBC said.

With the company expected to see 1% to 2% inflation in fiscal Q4, and another 6% to 8% in fiscal Q1, RPM is implementing price increases to recover margins, RBC said, adding that Construction Products and Performance Coatings businesses can raise prices faster than the Consumer segment.

RBC said it thinks RPM can generate about $600 million of free cash flow in fiscal 2026 and expects the company to spend $225 million to $235 million in fiscal 2026 capital expenditure and pay out about $300 million in dividends.

The bank maintained its outperform rating on RPM with a $130 price target.

Price: $106.31, Change: $+1.16, Percent Change: +1.10%

Related Articles

Wire

Savara Says FDA Extended Review Period for Molgramostim Inhalation Solution Application

Savara (SVRA) said late Wednesday the US Food and Drug Administration has extended the review period for molgramostim biologics license application in autoimmune pulmonary alveolar proteinosis, a rare lung disease, by three months.The new prescription drug user fee act target action date for the inhalation solution is Nov. 22, the company said.The FDA did not cite any efficacy, safety, or manufacturing concerns, the company said, adding that the FDA determined that the responses to recent information requests represented a significant amendment to the application.

$SVRA
Wire

Euroseas Extends EM Kea Charter for Three Years at Higher Daily Rate

Euroseas (ESEA) extended a charter contract for its feeder containership EM Kea by three years at a gross daily rate of $30,000.The charter is set to begin on July 14 and reflects nearly a 60% increase over the vessel's current rate, the company said Wednesday in a statement.Euroseas expects the charter to generate about $22.5 million in EBITDA over the minimum contracted period.The company's shares fell 2% in after-hours trading.

$ESEA
Wire

Voyager Wins NASA Order for Seventh Private Astronaut Mission to International Space Station

Voyager Technologies (VOYG) said late Wednesday it has signed an order with National Aeronautics and Space Administration for the seventh private astronaut mission to the International Space Station, with a launch planned no earlier than 2028.The mission, dubbed VOYG-1, supports NASA's strategy to shift low-Earth orbit operations to the private sector by enabling commercial partners to deliver human spaceflight services, the company said.

$VOYG