RPM CEO Sounds Housing Alarm: Turnover at 40-Year Low, ‘Not Going to Get Better’ Yet
RPM International shares rise after Q1 earnings beat expectations. Sales up 4.8% to $2.22B driven by emerging markets growth.
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Why It Matters
RPM beat its earnings goal and sales grew, which made the stock price go up. But the CEO is worried that fewer homes are being built and sold right now.
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