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MEDINA, Ohio--(BUSINESS WIRE)--RPM International Inc. (NYSE: RPM), a world leader in specialty coatings, sealants and building materials, today reported financial results for its fiscal 2026 third quarter ended February 28, 2026.

Frank C. Sullivan, RPM chairman and CEO commented, “I am proud of our record third-quarter results. In a period of volatile market conditions, we generated volume growth and record sales by utilizing our competitive strengths and nimbly focusing on growing end markets. Aided by MAP operational improvement initiatives, we demonstrated our ability to combine growth with efficiency, leveraging higher volumes to expand margins across all segments and generating strong operating cash flow. I want to thank all RPM associates for their focused execution and commitment to the organization.”

Third-Quarter 2026 Consolidated Results

Consolidated

    Three Months Ended $ in 000s except per share data February 28, February 28, 2026

2025

$ Change % Change Net Sales $

1,607,949

$

1,476,562

$

131,387

8.9

%

Net Income Attributable to RPM Stockholders 51,364

52,034

(670

)

(1.3

%)

Diluted Earnings Per Share (EPS) 0.40

0.40

-

0.0

%

Income Before Income Taxes (IBT) 69,307

40,951

28,356

69.2

%

Earnings Before Interest and Taxes (EBIT) 84,075

62,678

21,397

34.1

%

Adjusted EBIT(1) 116,400

78,236

38,164

48.8

%

Adjusted Diluted EPS(1) 0.57

0.35

0.22

62.9

%

  (1) Excludes certain items that are not indicative of RPM's ongoing operations. See tables below titled Supplemental Segment Information and Reconciliation of Reported to Adjusted Amounts for details. Record third-quarter sales were driven by engineered solutions for high-performance buildings, acquisitions and favorable foreign currency translation, which were partially offset by soft DIY demand. A rebound from the government shutdown and favorable comparisons to the prior-year, which was also hampered by harsh weather, contributed to the growth as well.

Geographically, Europe grew by 20.1% and was aided by M&A and favorable foreign exchange. North American sales grew 6.3%, driven by high-performance building solutions and acquisitions. All emerging markets grew and were led by Africa / Middle East, with growth driven by high-performance building and infrastructure projects, along with favorable foreign currency translation.

Sales included 3.0% organic growth, 3.5% growth from acquisitions, and a 2.4% benefit from foreign currency translation.

Adjusted EBIT was a record and was driven by higher sales and improved fixed-cost leverage from higher volumes, aided by MAP operational improvement initiatives. This more than offset increased healthcare expenses.

Record adjusted diluted EPS was primarily driven by improved adjusted EBIT.

Adjusted EBIT and adjusted EPS exclude costs related to MAP initiatives, including $22.1 million in pre-tax charges associated with SG&A-focused optimization actions that were implemented during the fiscal third quarter.

Third-Quarter 2026 Segment Sales and Earnings

Construction Products Group   Three Months Ended $ in 000s February 28, February 28, 2026

2025

$ Change % Change Net Sales $

546,665

$

494,845

$

51,820

10.5

%

Income Before Income Taxes 22,884

8,065

14,819

183.7

%

EBIT 23,612

8,607

15,005

174.3

%

Adjusted EBIT(1) 30,312

10,873

19,439

178.8

%

  (1) Excludes certain items that are not indicative of RPM's ongoing operations. See table below titled Supplemental Segment Information for details. Record CPG sales were driven by broad-based strength across its North American businesses, which include roofing solutions, wall systems and concrete admixtures. Foreign currency translation and a rebound from the government shutdown also contributed to the record sales.

Sales included 6.9% organic growth, 0.2% growth from acquisitions net of divestitures, and a 3.4% benefit from foreign currency translation.

Adjusted EBIT was driven by improved sales, mix, SG&A-focused optimization actions and fixed-cost leverage, which more than offset temporary inefficiencies from plant consolidations.

Performance Coatings Group   Three Months Ended $ in 000s February 28, February 28, 2026

2025

$ Change % Change Net Sales $

496,829

$

458,420

$

38,409

8.4

%

Income Before Income Taxes 61,025

53,792

7,233

13.4

%

EBIT 60,051

52,963

7,088

13.4

%

Adjusted EBIT(1) 66,786

55,663

11,123

20.0

%

  (1) Excludes certain items that are not indicative of RPM's ongoing operations. See table below titled Supplemental Segment Information for details. Record PCG sales were driven by broad-based growth across its businesses, and in particular, protective coatings and passive fire protection. Demand in emerging markets for infrastructure and high-performance building solutions was also strong and positive foreign currency translation contributed to sales.

Sales included 5.1% organic growth, a 0.9% increase from acquisitions, and a 2.4% benefit from foreign currency translation.

Record adjusted EBIT was driven by improved sales, SG&A-focused optimization actions and fixed-cost leverage.

Consumer Group   Three Months Ended $ in 000s February 28, February 28, 2026

2025

$ Change % Change Net Sales $

564,455

$

523,297

$

41,158

7.9

%

Income Before Income Taxes 45,750

44,139

1,611

3.6

%

EBIT 45,730

44,405

1,325

3.0

%

Adjusted EBIT(1) 58,518

50,883

7,635

15.0

%

  (1) Excludes certain items that are not indicative of RPM's ongoing operations. See table below titled Supplemental Segment Information for details. The Consumer Group’s record sales were driven by acquisitions and pricing to recover inflation. This growth was partially offset by continued softness in DIY markets as well as product rationalization.

Sales included a 2.4% organic decline, 9.0% growth from acquisitions, and a 1.3% benefit from foreign currency translation.

The adjusted EBIT increase was driven by MAP operational improvements, including SG&A-focused optimization actions, which more than offset reduced fixed-cost leverage from lower volumes and temporary inefficiencies from facility closures and transitions. The integration of acquired businesses and product rationalization also contributed to adjusted EBIT growth.

Cash Flow and Financial Position

During the first nine months of fiscal 2026:

Cash provided by operating activities was $656.7 million, the second-highest amount in the company’s history, compared to $619.0 million in the prior-year period. Capital expenditures were $159.6 million compared to $158.9 million in the prior-year period. The company returned $255.3 million to stockholders through cash dividends and share repurchases, an increase of 5.2% compared to the prior year. The company had multiple small asset sales as part of MAP initiatives to rationalize production lines, with proceeds from these transactions totaling $14.3 million in the third fiscal quarter. As of February 28, 2026:

Total debt was $2.56 billion compared to $2.10 billion a year ago, with the increase driven by debt used to finance acquisitions. Total liquidity, including cash and committed revolving credit facilities, was $1.02 billion, compared to $1.21 billion a year ago, with the decrease driven by the use of credit facilities to finance acquisitions. The company extended the maturity of its revolving credit facility to February 27, 2031, and maintained the size of the facility at $1.35 billion. Business Outlook

Sullivan said, “We expect to grow sales and adjusted EBIT again in the fourth quarter and deliver record results, even as we face more challenging comparisons and geopolitical uncertainty in the Middle East adds cost and complexity to the operating environment.”

He concluded, “As we have demonstrated in prior cycles, we remain focused on what we can control—outgrowing our underlying markets and driving efficiency improvements. Our center‑led procurement team is applying lessons learned from past supply chain disruptions to mitigate inflation and ensure supply, while we implement pricing actions to offset remaining cost pressures. I want to thank our associates globally—especially those in the Middle East—for their commitment to safety and their continued focus on serving customers during these uncertain times.”

The company’s outlook for the fiscal 2026 fourth quarter is:

Reaffirming consolidated sales to increase in the mid-single-digit range compared to prior-year record results. Reaffirming consolidated adjusted EBIT to be up low- to high-single-digits compared to prior-year record results. Closing of Kalzip Acquisition

The company completed the previously announced acquisition of Kalzip GmbH (“Kalzip”), a global leader in the design and production of metal-based roofs and facades on March 31, 2026. Kalzip generated revenue of approximately €75.0 million in calendar year 2024 and is now part of the Construction Products Group.

Earnings Webcast and Conference Call Information

Management will host a conference call to discuss these results beginning at 10:00 a.m. ET today. The call can be accessed via webcast at www.RPMinc.com/Investors/Presentations-Webcasts or by dialing 1-844-481-2915 or 1-412-317-0708 for international callers and asking to join the RPM International call. Participants are asked to call the assigned number approximately 10 minutes before the conference call begins. The call, which will last approximately one hour, will be open to the public, but only financial analysts will be permitted to ask questions. The media and all other participants will be in a listen-only mode.

For those unable to listen to the live call, a replay will be available from April 8, 2026, until April 15, 2026. The replay can be accessed by dialing 1-855-669-9658 or 1-412-317-0088 for international callers. The access code is 9537849. The call also will be available for replay and as a written transcript via the RPM website at www.RPMinc.com.

About RPM

RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The company operates across three reportable segments: consumer, construction products and performance coatings. RPM has a diverse portfolio of market-leading brands, including Rust-Oleum, DAP, Zinsser, Varathane, The Pink Stuff, Stonhard, Carboline, Tremco, Euclid Chemical, Dryvit and Nudura. From homes and workplaces to infrastructure and precious landmarks, RPM’s brands are trusted by consumers and professionals alike to help build a better world. The company employs approximately 17,800 individuals worldwide. Visit www.RPMinc.com to learn more.

For more information, contact Matt Schlarb, Vice President – Investor Relations & Sustainability, at 330-220-6064 or [email protected].

Use of Non-GAAP Financial Information

To supplement the financial information presented in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”) in this earnings release, we use EBIT, adjusted EBIT and adjusted earnings per share, which are all non-GAAP financial measures. EBIT is defined as earnings (loss) before interest and taxes, with adjusted EBIT and adjusted earnings per share provided for the purpose of adjusting for one-off items impacting revenues and/or expenses that are not considered by management to be indicative of ongoing operations. We evaluate the profit performance of our segments based on income before income taxes, but also look to EBIT as a performance evaluation measure because interest income (expense), net is essentially related to corporate functions, as opposed to segment operations. For that reason, we believe EBIT is also useful to investors as a metric in their investment decisions. EBIT should not be considered an alternative to, or more meaningful than, income before income taxes as determined in accordance with GAAP, since EBIT omits the impact of interest and investment income or expense in determining operating performance, which represent items necessary to our continued operations, given our level of indebtedness. Nonetheless, EBIT is a key measure expected by and useful to our fixed income investors, rating agencies and the banking community all of whom believe, and we concur, that this measure is critical to the capital markets’ analysis of our segments’ core operating performance. We also evaluate EBIT because it is clear that movements in EBIT impact our ability to attract financing. Our underwriters and bankers consistently require inclusion of this measure in offering memoranda in conjunction with any debt underwriting or bank financing. EBIT may not be indicative of our historical operating results, nor is it meant to be predictive of potential future results. See the financial statement section of this earnings release for a reconciliation of EBIT and adjusted EBIT to income before income taxes, and adjusted earnings per share to earnings per share. We have not provided a reconciliation of our fourth-quarter fiscal 2026 adjusted EBIT guidance because material terms that impact such measure are not in our control and/or cannot be reasonably predicted, and therefore a reconciliation of such measure is not available without unreasonable effort.

Forward-Looking Statements

This press release includes forward-looking statements relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us and are subject to uncertainties and factors (including those specified below), which are difficult to predict and, in many instances, are beyond our control. As a result, our actual results could differ materially from those expressed in or implied by any such forward-looking statements. These uncertainties and factors include (a) global and regional markets and general economic conditions, including uncertainties surrounding the volatility in financial markets, the availability of capital and the viability of banks and other financial institutions; (b) the prices, supply and availability of raw materials, including assorted pigments, resins, solvents, and other natural gas- and oil-based materials; packaging, including plastic and metal containers; and transportation services, including fuel surcharges; (c) continued growth in demand for our products; (d) legal, environmental and litigation risks inherent in our businesses and risks related to the adequacy of our insurance coverage for such matters; (e) the effect of changes in interest rates; (f) the effect of fluctuations in currency exchange rates upon our foreign operations; (g) changes in global trade policies, including the adoption or expansion of tariffs and trade barriers; (h) the effect of non-currency risks of investing in and conducting operations in foreign countries, including those relating to domestic and international political, social, economic and regulatory factors; (i) risks and uncertainties associated with our ongoing acquisition and divestiture activities; (j) the timing of and the realization of anticipated cost savings from restructuring initiatives, the ability to identify additional cost savings opportunities, and the risks of failing to meet any other objectives of our improvement plans; (k) risks related to the adequacy of our contingent liability reserves; (l) risks relating to a public health crisis similar to the Covid pandemic; (m) risks related to acts of war similar to the recent conflict with Iran and the Russian invasion of Ukraine; (n) risks related to the transition or physical impacts of climate change and other natural disasters or meeting sustainability-related voluntary goals or regulatory requirements; (o) risks related to our or our third parties' use of technology including artificial intelligence, data breaches and data privacy violations; (p) the shift to remote work and online purchasing and the impact that has on residential and commercial real estate construction; and (q) other risks detailed in our filings with the Securities and Exchange Commission, including the risk factors set forth in our Form 10-K for the year ended May 31, 2025, as the same may be updated from time to time. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the filing date of this press release.

CONSOLIDATED STATEMENTS OF INCOME IN THOUSANDS, EXCEPT PER SHARE DATA (Unaudited)   Three Months Ended Nine Months Ended February 28, February 28, February 28, February 28, 2026

2025

2026

2025

  Net Sales $

1,607,949

$

1,476,562

$

5,631,587

$

5,290,669

Cost of Sales 973,133

909,072

3,323,388

3,121,962

Gross Profit 634,816

567,490

2,308,199

2,168,707

Selling, General & Administrative Expenses 533,872

501,710

1,656,871

1,557,692

Restructuring Expense 19,855

3,456

33,200

18,215

Interest Expense 26,947

22,993

84,278

70,604

Investment (Income), Net (12,179

)

(1,266

)

(35,609

)

(20,818

)

Other (Income), Net (2,986

)

(354

)

(8,890

)

(1,370

)

Income Before Income Taxes 69,307

40,951

578,349

544,384

Provision (Benefit) for Income Taxes 17,693

(11,363

)

137,421

80,066

Net Income 51,614

52,314

440,928

464,318

Less: Net Income Attributable to Noncontrolling Interests 250

280

752

1,388

Net Income Attributable to RPM International Inc. Stockholders $

51,364

$

52,034

$

440,176

$

462,930

  Earnings per share of common stock attributable to RPM International Inc. Stockholders: Basic $

0.40

$

0.41

$

3.45

$

3.61

Diluted $

0.40

$

0.40

$

3.43

$

3.59

  Average shares of common stock outstanding - basic 127,045

127,536

127,156

127,628

Average shares of common stock outstanding - diluted 127,507

128,154

127,707

128,315

SUPPLEMENTAL SEGMENT INFORMATION IN THOUSANDS (Unaudited)   Three Months Ended Nine Months Ended February 28, February 28, February 28, February 28, 2026

2025

2026

2025

Net Sales: CPG Segment $

546,665

$

494,845

$

2,165,550

$

2,043,318

PCG Segment 496,829

458,420

1,569,113

1,459,611

Consumer Segment 564,455

523,297

1,896,924

1,787,740

Total $

1,607,949

$

1,476,562

$

5,631,587

$

5,290,669

  Income Before Income Taxes: CPG Segment Income Before Income Taxes (a) $

22,884

$

8,065

$

280,825

$

277,008

Interest (Expense), Net (b) (728

)

(542

)

(2,259

)

(1,910

)

EBIT (c) 23,612

8,607

283,084

278,918

MAP initiatives (d) 6,700

2,007

15,380

6,457

Inventory step-up costs (e) -

259

-

259

(Gain) on sale of assets and businesses, net (f) -

-

(400

)

-

Adjusted EBIT $

30,312

$

10,873

$

298,064

$

285,634

PCG Segment Income Before Income Taxes (a) $

61,025

$

53,792

$

225,403

$

211,237

Interest Income, Net (b) 974

829

2,522

2,070

EBIT (c) 60,051

52,963

222,881

209,167

MAP initiatives (d) 6,634

1,921

13,587

7,380

Inventory step-up costs (e) 101

497

142

497

(Gain) on sale of assets and businesses, net (f) -

-

-

(237

)

Legal contingency adjustment on a divested business (h) -

282

-

282

Adjusted EBIT $

66,786

$

55,663

$

236,610

$

217,089

Consumer Segment Income Before Income Taxes (a) $

45,750

$

44,139

$

255,180

$

236,824

Interest Income (Expense), Net (b) 20

(266

)

(236

)

(1,080

)

EBIT (c) 45,730

44,405

255,416

237,904

MAP initiatives (d) 12,788

6,478

17,752

25,397

Inventory step-up costs (e) -

-

7,903

-

(Gain) on acquisition earn-out fair value adjustment (g) -

-

(12,707

)

-

Adjusted EBIT $

58,518

$

50,883

$

268,364

$

263,301

Corporate/Other (Loss) Before Income Taxes (a) $

(60,352

)

$

(65,045

)

$

(183,059

)

$

(180,685

)

Interest (Expense), Net (b) (15,034

)

(21,748

)

(48,696

)

(48,866

)

EBIT (c) (45,318

)

(43,297

)

(134,363

)

(131,819

)

MAP initiatives (d) 6,102

4,114

12,149

27,449

Adjusted EBIT $

(39,216

)

$

(39,183

)

$

(122,214

)

$

(104,370

)

TOTAL CONSOLIDATED Income Before Income Taxes (a) $

69,307

$

40,951

$

578,349

$

544,384

Interest (Expense) (26,947

)

(22,993

)

(84,278

)

(70,604

)

Investment Income, Net 12,179

1,266

35,609

20,818

EBIT (c) 84,075

62,678

627,018

594,170

MAP initiatives (d) 32,224

14,520

58,868

66,683

Inventory step-up costs (e) 101

756

8,045

756

(Gain) on sale of assets and businesses, net (f) -

-

(400

)

(237

)

(Gain) on acquisition earn-out fair value adjustment (g) -

-

(12,707

)

-

Legal contingency adjustment on a divested business (h) -

282

-

282

Adjusted EBIT $

116,400

$

78,236

$

680,824

$

661,654

  (a)

The presentation includes a reconciliation of Income (Loss) Before Income Taxes, a measure defined by Generally Accepted Accounting Principles in the United States (GAAP), to EBIT and Adjusted EBIT. (b)

Interest Income (Expense), Net includes the combination of Interest Income (Expense) and Investment Income (Expense), Net. (c)

EBIT is defined as earnings (loss) before interest and taxes, with Adjusted EBIT provided for the purpose of adjusting for items impacting earnings that are not considered by management to be indicative of ongoing operations. We evaluate the profit performance of our segments based on income before income taxes, but also look to EBIT, or adjusted EBIT, as a performance evaluation measure because Interest Income (Expense), Net is essentially related to corporate functions, as opposed to segment operations. For that reason, we believe EBIT is also useful to investors as a metric in their investment decisions. EBIT should not be considered an alternative to, or more meaningful than, income before income taxes as determined in accordance with GAAP, since EBIT omits the impact of interest and investment income or expense in determining operating performance, which represent items necessary to our continued operations, given our level of indebtedness. Nonetheless, EBIT is a key measure expected by and useful to our fixed income investors, rating agencies and the banking community all of whom believe, and we concur, that this measure is critical to the capital markets' analysis of our segments' core operating performance. We also evaluate EBIT because it is clear that movements in EBIT impact our ability to attract financing. Our underwriters and bankers consistently require inclusion of this measure in offering memoranda in conjunction with any debt underwriting or bank financing. EBIT may not be indicative of our historical operating results, nor is it meant to be predictive of potential future results.     (d)

Reflects restructuring and other charges, which have been incurred in relation to our Margin Achievement Plan ("MAP 2025") and our 2026 restructuring action, together MAP Initiatives, as follows:- MAP 2025 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures recorded in "Restructuring Expense" on the Consolidated Statements of Income. Restructuring Expense related to MAP 2025 totaled $3.0 million and $3.5 million for the quarters ended February 28, 2026 and February 28, 2025 respectively and $16.3 million and $18.2 million for the nine months ended February 28, 2026 and February 28, 2025 respectively. Other related expenses include inventory write-offs in connection with restructuring activities recorded in "Cost of Sales" and accelerated depreciation and amortization recorded within "Cost of Sales" or "Selling, General, & Administrative Expenses ("SG&A")" depending on the nature of the expense.

- 2026 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures associated with the SG&A-focused optimization actions recorded in "Restructuring Expense" on the Consolidated Statements of Income. Restructuring Expense related to the 2026 restructuring action totaled $16.9 million for the quarter and year ended February 28, 2026. Other related expenses consist of higher executive departure costs, including accelerated stock compensation expense, that do not qualify as restructuring expense and are recorded within "SG&A" as well as accelerated depreciation recorded within "Cost of Sales".

- ERP consolidation plan: Includes expenses incurred as a result of our stated goals to consolidate over 75 ERP systems across the organization to one ERP platform per segment, as part of our overall MAP strategy as well as costs incurred for other decision support tools to facilitate our commercial initiatives related to MAP 2025 which have been incurred in all segments, as well as Corporate/Other, and have been recorded within "SG&A".

- Professional fees: Includes expenses incurred to consolidate accounting locations, costs incurred to implement technologies and processes to drive improved data analytics/decision making and cost incurred to implement new global manufacturing methodologies with the goal of improving operating efficiency incurred within all of our segments as well as Corporate/Other and recorded within "SG&A". All of this spend is in support of stated MAP goals with the most significant expense incurred within Corporate/Other.

- Loss (Gain) on sale of closed facilities: Net gain related to the sale of three properties that were closed as part of the MAP 2025 program, partially offset by losses in preparing three other facilities for sale.

Included below is a reconciliation of the TOTAL CONSOLIDATED MAP initiatives.

  Three Months Ended Nine Months Ended February 28, February 28, February 28, February 28, 2026

2025

2026

2025

MAP 2025 Restructuring and other related expense, net

$

3,132

$

7,473

$

20,368

$

29,526

2026 Restructuring and other related expense, net

22,110

-

22,110

-

ERP consolidation plan

3,643

2,570

11,049

11,519

Professional fees

3,229

4,477

9,571

25,638

Loss (Gain) on sale of closed facilities

110

-

(4,230

)

-

MAP initiatives

$

32,224

$

14,520

$

58,868

$

66,683

  (e)

Amortization of inventory fair value adjustments related to acquisitions recorded in “Cost of Sales”. (f)

Fiscal 2026 reflects gains recorded in "SG&A" associated with the divestiture of a product line and a waterproofing services business within our CPG segment. Fiscal 2025 reflects gains recorded in "SG&A" associated with post-closing adjustments for the sale of the non-core furniture warranty business which was sold in fiscal 2023. (g)

A fair value adjustment of the earn-out liability associated with the Star Brands Group acquisition which resulted in a gain recorded in "SG&A" as management does not consider this gain to be reflective of the company’s core business operations. (h)

Represents incremental expense related to an adverse legal ruling from a case associated with a business that was divested in FY23. SUPPLEMENTAL INFORMATION RECONCILIATION OF "REPORTED" TO "ADJUSTED" AMOUNTS (Unaudited) Three Months Ended Nine Months Ended February 28, February 28, February 28, February 28, 2026

2025

2026

2025

Reconciliation of Reported Earnings per Diluted Share to Adjusted Earnings per Diluted Share (All amounts presented after-tax): Reported Earnings per Diluted Share $

0.40

$

0.40

$

3.43

$

3.59

MAP initiatives (d) 0.19

0.10

0.35

0.39

Inventory step-up costs (e) -

-

0.05

-

(Gain) on acquisition earn-out fair value adjustment (f) -

-

(0.10

)

-

Investment returns (g) (0.02

)

0.02

(0.08

)

(0.02

)

Income tax adjustments (h) -

(0.17

)

-

(0.38

)

Adjusted Earnings per Diluted Share (i) $

0.57

$

0.35

$

3.65

$

3.58

(d)

Reflects restructuring and other charges, which have been incurred in relation to our Margin Achievement Plan ("MAP 2025") and our 2026 restructuring action, together MAP Initiatives, as follows:- MAP 2025 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures recorded in "Restructuring Expense" on the Consolidated Statements of Income. Restructuring Expense related to MAP 2025 totaled $3.0 million and $3.5 million for the quarters ended February 28, 2026 and February 28, 2025 respectively and $16.3 million and $18.2 million for the nine months ended February 28, 2026 and February 28, 2025 respectively. Other related expenses include inventory write-offs in connection with restructuring activities recorded in "Cost of Sales" and accelerated depreciation and amortization recorded within "Cost of Sales" or "Selling, General, & Administrative Expenses ("SG&A")" depending on the nature of the expense.

- 2026 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures associated with the SG&A-focused optimization actions recorded in "Restructuring Expense" on the Consolidated Statements of Income. Restructuring Expense related to the 2026 restructuring action totaled $16.9 million for the quarter and year ended February 28, 2026. Other related expenses consist of higher executive departure costs, including accelerated stock compensation expense, that do not qualify as restructuring expense and are recorded within "SG&A" as well as accelerated depreciation recorded within "Cost of Sales".

- ERP consolidation plan: Includes expenses incurred as a result of our stated goals to consolidate over 75 ERP systems across the organization to one ERP platform per segment, as part of our overall MAP strategy as well as costs incurred for other decision support tools to facilitate our commercial initiatives related to MAP 2025 which have been incurred in all segments, as well as Corporate/Other, and have been recorded within "SG&A".

- Professional fees: Includes expenses incurred to consolidate accounting locations, costs incurred to implement technologies and processes to drive improved data analytics/decision making and cost incurred to implement new global manufacturing methodologies with the goal of improving operating efficiency incurred within all of our segments as well as Corporate/Other and recorded within "SG&A". All of this spend is in support of stated MAP goals with the most significant expense incurred within Corporate/Other.

- Loss (Gain) on sale of closed facilities: Net gain related to the sale of three properties that were closed as part of the MAP 2025 program, partially offset by losses in preparing three other facilities for sale.

(e)

Amortization of inventory fair value adjustments related to acquisitions recorded in “Cost of Sales”. (f)

A fair value adjustment of the earn-out liability associated with the Star Brands Group acquisition which resulted in a gain recorded in "SG&A" as management does not consider this gain to be reflective of the company’s core business operations. (g)

Investment returns include realized net gains and losses on sales of investments and unrealized net gains and losses on equity securities, which are adjusted due to their inherent volatility. Management does not consider these gains and losses, which cannot be predicted with any level of certainty, to be reflective of the Company's core business operations. (h)

U.S. foreign tax credits recognized as a result of global cash redeployment and debt optimization projects, as well as other adjustments to our net deferred tax asset related to U.S. foreign tax credit carryforwards resulting from our reassessment of income tax positions following developments in U.S. income tax case law. (i)

Adjusted Diluted EPS is provided for the purpose of adjusting diluted earnings per share for items impacting earnings that are not considered by management to be indicative of ongoing operations. CONSOLIDATED BALANCE SHEETS IN THOUSANDS (Unaudited)   February 28, 2026 February 28, 2025 May 31, 2025 Assets Current Assets Cash and cash equivalents $

294,206

$

241,895

$

302,137

Trade accounts receivable 1,261,112

1,153,993

1,551,953

Allowance for doubtful accounts (37,717

)

(48,908

)

(42,844

)

Net trade accounts receivable 1,223,395

1,105,085

1,509,109

Inventories 1,120,273

1,044,776

1,036,475

Prepaid expenses and other current assets 415,566

367,197

322,577

Total current assets 3,053,440

2,758,953

3,170,298

Property, Plant and Equipment, at Cost 2,885,364

2,629,810

2,738,373

Allowance for depreciation (1,365,007

)

(1,236,755

)

(1,264,974

)

Property, plant and equipment, net 1,520,357

1,393,055

1,473,399

Other Assets Goodwill 1,680,867

1,358,632

1,617,626

Other intangible assets, net of amortization 821,466

510,385

780,826

Operating lease right-of-use assets 398,726

346,221

370,399

Deferred income taxes 161,144

34,368

147,436

Other 248,654

217,961

215,965

Total other assets 3,310,857

2,467,567

3,132,252

Total Assets $

7,884,654

$

6,619,575

$

7,775,949

Liabilities and Stockholders' Equity Current Liabilities Accounts payable $

675,445

$

640,446

$

755,889

Current portion of long-term debt 8,383

7,057

7,691

Accrued compensation and benefits 230,559

215,643

287,398

Accrued losses 32,995

33,568

36,701

Other accrued liabilities 391,052

346,747

379,768

Total current liabilities 1,338,434

1,243,461

1,467,447

Long-Term Liabilities Long-term debt, less current maturities 2,547,104

2,090,182

2,638,922

Operating lease liabilities 342,845

296,861

317,334

Other long-term liabilities 245,022

224,270

241,117

Deferred income taxes 263,129

89,019

224,347

Total long-term liabilities 3,398,100

2,700,332

3,421,720

Total liabilities

4,736,534

3,943,793

4,889,167

Stockholders' Equity Preferred stock; none issued -

-

-

Common stock (outstanding 127,873; 128,423; 128,269) 1,279

1,284

1,283

Paid-in capital 1,202,259

1,172,247

1,177,796

Treasury stock, at cost (1,009,239

)

(934,470

)

(953,856

)

Accumulated other comprehensive (loss) (478,803

)

(598,290

)

(533,631

)

Retained earnings 3,431,151

3,033,505

3,193,764

Total RPM International Inc. stockholders' equity 3,146,647

2,674,276

2,885,356

Noncontrolling interest 1,473

1,506

1,426

Total equity 3,148,120

2,675,782

2,886,782

Total Liabilities and Stockholders' Equity $

7,884,654

$

6,619,575

$

7,775,949

CONSOLIDATED STATEMENTS OF CASH FLOWS IN THOUSANDS (Unaudited) Nine Months Ended February 28, February 28, 2026

2025

  Cash Flows From Operating Activities: Net income $

440,928

$

464,318

Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 155,798

140,092

Fair value adjustments to contingent earnout obligations (12,707

)

-

Deferred income taxes 22,656

(47,012

)

Stock-based compensation expense 24,459

21,494

Net (gain) on marketable securities (17,816

)

(5,125

)

Net (gain) on sales of assets and businesses (4,675

)

-

Other (466

)

(635

)

Changes in assets and liabilities, net of effect from purchases and sales of businesses: Decrease in receivables 306,900

302,429

(Increase) in inventory (53,983

)

(96,539

)

(Increase) in prepaid expenses and other (1,460

)

(35,973

)

current and long-term assets (Decrease) increase in accounts payable

(85,142

)

5,174

(Decrease) in accrued compensation and benefits (60,180

)

(82,118

)

(Decrease) increase in accrued losses (4,327

)

1,383

(Decrease) in other accrued liabilities (53,313

)

(48,476

)

Cash Provided By Operating Activities 656,672

619,012

Cash Flows From Investing Activities: Capital expenditures (159,639

)

(158,924

)

Acquisition of businesses, net of cash acquired (161,553

)

(127,325

)

Purchase of marketable securities (27,570

)

(77,640

)

Proceeds from sales of marketable securities 16,918

59,460

Proceeds from sales of assets and businesses, net 18,199

-

Other (10

)

(1,236

)

Cash (Used For) Investing Activities (313,655

)

(305,665

)

Cash Flows From Financing Activities: Additions to long-term and short-term debt 49,000

104,047

Reductions of long-term and short-term debt (153,489

)

(136,379

)

Cash dividends (202,789

)

(190,064

)

Repurchases of common stock (52,500

)

(52,499

)

Shares of common stock returned for taxes (3,336

)

(17,140

)

Payment of acquisition-related contingent consideration -

(1,122

)

Other (2,891

)

(1,014

)

Cash (Used For) Financing Activities (366,005

)

(294,171

)

  Effect of Exchange Rate Changes on Cash and Cash Equivalents 15,057

(14,660

)

  Net Change in Cash and Cash Equivalents (7,931

)

4,516

  Cash and Cash Equivalents at Beginning of Period 302,137

237,379

  Cash and Cash Equivalents at End of Period $

294,206

$

241,895

More News From RPM International Inc.

For the quarter ended February 2026, RPM International (RPM - Free Report) reported revenue of $1.61 billion, up 8.9% over the same period last year. EPS came in at $0.57, compared to $0.35 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.55 billion, representing a surprise of +3.46%. The company delivered an EPS surprise of +55.99%, with the consensus EPS estimate being $0.37.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how RPM International performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Sales- Construction Products Group/ CPG: $546.67 million versus $518.9 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +15.5% change.Net Sales- Consumer Segment: $564.46 million compared to the $564.85 million average estimate based on four analysts. The reported number represents a change of +12% year over year.Net Sales- Performance Coatings Group/ PCG: $496.83 million versus $473.33 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +45.9% change.Adjusted EBIT- Consumer Segment: $58.52 million compared to the $59.28 million average estimate based on four analysts.Adjusted EBIT- Performance Coatings Group/ PCG: $66.79 million compared to the $54.64 million average estimate based on four analysts.Adjusted EBIT- Construction Products Group/ CPG: $30.31 million compared to the $16.8 million average estimate based on four analysts.Adjusted EBIT- Corporate/Other: $-39.22 million compared to the $-45.71 million average estimate based on four analysts.View all Key Company Metrics for RPM International here>>>

Shares of RPM International have returned -5.2% over the past month versus the Zacks S&P 500 composite's -1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

RPM International Inc. (RPM) Q3 2026 Earnings Call Transcript

RPM International Inc. delivered strong Q3 results with revenue up 8.9% YoY and record adjusted EBIT, driven by construction and performance coatings strength. Margin expansion was primarily due to improved fixed-cost absorption and overhead reduction, not broad-based demand growth, highlighting execution as a key differentiator. Consumer segment remains a weak spot with negative organic growth and price elasticity issues, necessitating restructuring and introducing execution risks.

RPM International NYSE: RPM stock is presenting an attractive entry following its fiscal Q3 2026 earnings release. The release triggered a more than 15% surge in the stock price, confirming support at a critical level and a hard bottom for this market. Among the report's details were strength, outperformance, a significant earnings beat, and the safety of capital returns. 

RPM International Today

RPM

RPM International

$107.94 +0.41 (+0.38%)

As of 02:49 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$92.92▼

$129.12Dividend Yield2.00%

P/E Ratio20.79

Price Target$127.42

Capital returns are a critical element in 2026, as those with cash flow and the ability to pay their investors have been outperforming. The takeaway is that risk-on investing still drives the market to some degree, but the profits taken from AI stocks earlier this year are being reinvested in blue-chip, high-quality capital return machines with stable payment outlooks, such as RPM International. 

Get RPM International alerts:

The stock price bottom is a significant factor. The market for RPM has been under pressure for over a year, touching bottom in early 2025 and then retesting it ahead of the fiscal Q3 release.

The post-release price action included a 15% price surge, creating a large Marubozu Candle that indicates strong support at this level and potential for continued rebounding.

The caveat is that this market needs to break out above its long-term exponential moving averages, which it has not yet done. If it fails to break these averages, RPM stock could remain capped at current levels until later in the year, but the analysts and institutional trends suggest otherwise. 

Analysts and Institutions Accumulate RPM StockThe analyst community provides support, incentives, and potential to catalyze the market in Q2 2026. MarketBeat tracks 15, a sufficiently strong number for the consensus to have some conviction, and they peg the stock at Moderate Buy.

RPM International Stock Forecast Today12-Month Stock Price Forecast:
$127.42
18.08% Upside

Moderate Buy
Based on 15 Analyst Ratings

Current Price$107.91High Forecast$148.00Average Forecast$127.42Low Forecast$111.00RPM International Stock Forecast Details

The bias is 73% in favor of Buy, with a consensus price target of $126, as of early April. The $126 target is down slightly compared to the prior month, quarter, and year, reflecting a cautionary tone, but forecasts a 17% upside from the critical target, the cluster of moving averages, and is a fresh long-term high when reached. The catalyst would be a strengthening of the trend, including price target revisions and upgrades.

Institutions, meanwhile, have been accumulating this stock. Their activity reflects nine consecutive quarters of accumulation, hitting long-term highs in Q1 2026. The Q1 balance is more than $1.50 bought for each $1 sold and will likely increase now that results and guidance are in. 

RPM International’s capital return includes a dividend and share buybacks. The dividend yields about 2% with shares trading near $105, and it is a reliable payment, having been increased annually for over 50 years. This makes RPM a Dividend King, a factor that helps increase total ownership and reduce market volatility. 

Regarding safety, RPM International’s payout ratio is below 50% of earnings, with payments and future increases supported by earnings growth and a reduction in share count. The buybacks aren’t aggressive but they are reliable, reducing the count at a steady, approximately 0.5% pace in Q3 and year-to-date. Given the Q3 results and outlook, the buyback activity is likely to continue in the company's fiscal Q4 and the subsequent fiscal year. 

RPM Shows Momentum With Q3 ResultsRPM International had a solid quarter in Q3 despite the macroeconomic headwinds. The company reported more than $1.6 billion in net revenue, up 8.8% year-over-year (YOY), and more than 380 basis points better than expected. The gain was supported by 3% organic growth, underpinned by volume, 3.5% acquisitional growth, and a 2.4% foreign exchange tailwind. Segmentally, Construction Products grew by 10.5%, Performance Coatings by 8.4%, and Consumer Products by 7.9%, with 20% growth in the EU, 6.3% domestically, and strength seen in all emerging markets. 

Margin was another area of strength. The company leaned into quality improvements, resulting in significant operational efficiencies. Critical details include record-setting adjusted EBIT, up nearly 50% YOY, and a 63% increase in adjusted EPS. The 57 cents in adjusted EPS is also well above forecasts, outpacing consensus by nearly a quarter. Looking ahead, the Q3 results and earnings strength suggest that Q4 guidance is cautious, as it was only reaffirmed at the previously stated levels. Either way, the company forecasts mid-single-digit revenue growth and a similar gain in earnings. 

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MEDINA, Ohio--(BUSINESS WIRE)--RPM International Inc. (NYSE: RPM) today announced the appointment of Thomas C. Gentile, III to its board of directors, effective immediately. This appointment expands the board to 13 members and reflects RPM’s ongoing commitment to expanding the expertise and leadership capabilities of its board as the company continues to drive long-term growth and shareholder value.

Mr. Gentile currently serves as chairman, chief executive officer and president of Hexcel Corporation, a global leader in advanced lightweight composites technology. He assumed the position of CEO and president in May 2024 and was appointed as chairman of the company’s board of directors in December 2024. His extensive executive experience in complex, global manufacturing environments and comprehensive understanding of industrial operations will provide valuable oversight as RPM continues to grow its global operations.

Prior to joining Hexcel, Mr. Gentile served as president and CEO of Spirit AeroSystems, a global supplier of structures for commercial aerospace and defense platforms. He previously spent 19 years at GE, holding a succession of leadership roles across the U.S., France and Australia. During his tenure at GE, his executive positions included president and chief operating officer of GE Capital, president and CEO of GE Healthcare Systems, and president and CEO of GE Aviation Services. Earlier in his career, he held leadership and strategy roles with McKinsey & Company, CBS and General Motors.

Mr. Gentile earned his bachelor’s degree in economics magna cum laude and a master of business administration from Harvard University. He also studied international relations at the London School of Economics. He will serve on RPM’s compensation committee.

“We are very pleased to welcome Tom to the RPM board of directors,” said Frank C. Sullivan, RPM chairman and CEO. “Tom’s exceptional leadership across global manufacturing and his deep understanding of advanced industrial operations bring tremendous value to our board. His proven operational expertise aligns with our strategic goals, and we look forward to his insights as we continue to drive long-term growth and deliver outstanding results for our shareholders.”

About RPM

RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The company operates across three reportable segments: consumer, construction products and performance coatings. RPM has a diverse portfolio of market-leading brands, including Rust-Oleum, DAP, Zinsser, Varathane, The Pink Stuff, Stonhard, Carboline, Tremco, Euclid Chemical, Dryvit and Nudura. From homes and workplaces to infrastructure and precious landmarks, RPM’s brands are trusted by consumers and professionals alike to help build a better world. The company employs approximately 17,800 individuals worldwide. Visit www.RPMinc.com to learn more.

More News From RPM International Inc.

On May 20, 2026, RPM International Inc RPM shares rose 3.7% today, closing at $98.51. This performance stands in contrast to the stock's 52-week range of $92.92 to $129.12, indicating some volatility over the past year.

GF Value™ verdict: RPM is currently priced at $98.51, which is 16.7% below its GF Value™ estimate of $118.27.GF Score™: With a score of 86/100, RPM is rated as a Strong investment opportunity.Most notable signal: RPM has had no insider transactions in the last 3 months, indicating stability in management's confidence in the company's direction. Is RPM Overvalued or Undervalued? RPM's current price of $98.51 is significantly below the GF Value™ estimate of $118.27, suggesting that the stock is undervalued by approximately 16.7%. This gap indicates a potential opportunity for investors seeking to acquire shares at a discount relative to intrinsic value. The GF Valuation label classifies RPM as Modestly Undervalued, which provides a margin of safety for potential investors. However, it is essential to consider that undervaluation does not guarantee immediate price appreciation, and market conditions can affect the timing of any correction toward fair value.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Thus, while RPM exhibits favorable valuation metrics, investors must remain aware of the inherent risks associated with market fluctuations and business performance.

How Does RPM's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 19.0x 23.7x Forward P/E 16.8x N/A The current P/E (TTM) of 19.0x is notably lower than the 5-year median P/E of 23.7x, indicating that RPM is trading below its historical valuation levels. This analysis aligns with the GF Value™ verdict, reinforcing the perspective that RPM may be undervalued relative to its historical performance. The forward P/E of 16.8x further supports the notion that the stock is positioned favorably for potential growth.

What Does RPM's GF Score™ Tell Us? Metric Rating GF Score™ 86 Financial Strength 6/10 Profitability 8/10 Growth 7/10 Valuation 8/10 Momentum 7/10 The GF Score™ of 86/100 suggests that RPM has strong potential for long-term returns, attributed primarily to its solid profitability ranking of 8/10 and valuation rank of 8/10. However, the financial strength score of 6/10 indicates that there are areas for improvement, which may pose risks in terms of stability and resilience during economic downturns. Overall, RPM presents a balanced profile with strengths in profitability and valuation but with room for enhancement in financial strength.

What Are Insiders Doing with RPM Stock? In the past three months, there have been no insider transactions reported for RPM International Inc. This lack of activity may suggest that insiders are confident in the company's future performance and do not currently see a compelling reason to buy or sell shares. Generally, such stability can be interpreted as a positive signal, indicating that management is focused on long-term growth rather than short-term fluctuations.

What This Means for Investors Based on the GF Value™ assessment, RPM International Inc is currently undervalued. While the stock presents a compelling opportunity given its discount to intrinsic value, potential investors should remain cautious about market conditions and the company's ability to maintain its financial strength.

For the complete analysis, visit the RPM International Inc RPM stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is RPM's GF Score™?

RPM's GF Score™ is 86/100, indicating a strong investment opportunity with the potential for higher long-term returns.

Is RPM overvalued or undervalued?

RPM is currently undervalued, with a GF Value™ estimate of $118.27 compared to its current price of $98.51.

What is RPM's P/E ratio?

RPM's P/E (TTM) is 19.0x, which is significantly below its 5-year median P/E of 23.7x, suggesting it is trading at a lower valuation than its historical average.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Confluence Investment Management LLC lessened its stake in shares of Fidelity National Financial, Inc. (NYSE: FNF) by 4.6% in the undefined quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,040,826 shares of the financial services provider's stock after selling 98,272 shares during the

Posted by Defense World Staff on Mar 30th, 2026

Assenagon Asset Management S.A. purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 65,671 shares of the financial services provider’s stock, valued at approximately $3,585,000.

Other hedge funds have also bought and sold shares of the company. Dynamic Advisor Solutions LLC boosted its position in shares of Fidelity National Financial by 2.0% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 58,357 shares of the financial services provider’s stock worth $3,186,000 after purchasing an additional 1,163 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Fidelity National Financial by 9.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 77,626 shares of the financial services provider’s stock valued at $4,403,000 after buying an additional 6,918 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in Fidelity National Financial by 10.3% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 11,583 shares of the financial services provider’s stock valued at $645,000 after buying an additional 1,082 shares in the last quarter. Nordea Investment Management AB raised its stake in Fidelity National Financial by 10.1% during the fourth quarter. Nordea Investment Management AB now owns 25,431 shares of the financial services provider’s stock valued at $1,396,000 after buying an additional 2,323 shares during the last quarter. Finally, Board of the Pension Protection Fund raised its stake in Fidelity National Financial by 330.8% during the fourth quarter. Board of the Pension Protection Fund now owns 28,000 shares of the financial services provider’s stock valued at $1,529,000 after buying an additional 21,500 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets A number of equities research analysts have recently commented on FNF shares. National Bank Financial set a $71.00 target price on Fidelity National Financial in a research note on Monday, February 23rd. Weiss Ratings lowered Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Barclays dropped their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 6th. Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.33.

View Our Latest Analysis on Fidelity National Financial

Fidelity National Financial Price Performance NYSE FNF opened at $45.76 on Monday. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $66.72. The stock has a 50-day moving average of $51.81 and a 200 day moving average of $55.14. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 0.58 and a beta of 0.99.

Fidelity National Financial (NYSE:FNF – Get Free Report) last posted its earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.10). Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the prior year, the company posted $1.34 EPS. Fidelity National Financial’s revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.52 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.08 annualized dividend and a yield of 4.5%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 97.65%.

Insider Transactions at Fidelity National Financial In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the sale, the director owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. The trade was a 31.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.50% of the company’s stock.

Fidelity National Financial Company Profile (Free Report)

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.

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Fidelity National Financial is upgraded to "Buy" after a 25% share price decline, offering 13% upside and a secure 4.4% dividend yield. I estimate FNF's fair value at $53 per share, factoring in its $2.25 billion FG stake and resilient core title operations. Residential mortgage activity remains sluggish, but commercial title volumes are rebounding, with technology and AI investments supporting margin expansion.

SAN FRANCISCO, April 29, 2026 (GLOBE NEWSWIRE) -- Investment Property Exchange Services, Inc. (IPX1031), the national leader in 1031 Qualified Intermediary services, is pleased to announce the addition of Teresa Fluegel as Vice President.

A Media Snippet accompanying this announcement is available by clicking on this link.

Based in Northern California, Teresa Fluegel will focus on large, complex commercial 1031 Exchange transactions, working with investors and their advisors nationwide. Her addition reflects IPX1031’s continued commitment to delivering best in class expertise, education, and client support across all segments of the market.

Teresa joins IPX1031 with nearly four decades of experience in real estate and 1031 Exchange transactions. A Certified Exchange Specialist® since 2004, she has facilitated thousands of exchanges nationwide, including Delayed, Reverse, and Build to Suit structures. Teresa is widely recognized for her ability to collaborate with attorneys, accountants, and commercial real estate professionals to structure exchanges that align with client investment goals while deferring capital gains and related taxes.

Jennifer Keen, Executive Vice President and Western Region Manager at IPX1031, shared, “We are excited to welcome Teresa Fluegel to IPX1031. Teresa brings an exceptional depth of experience in 1031 Exchange transactions, particularly in the commercial space. Her long standing relationships, technical expertise, and ability to navigate complex exchange structures make her a valuable resource for our clients and their advisors.”

In addition to her transactional expertise, Teresa is a respected industry educator, regularly teaching accredited 1031 Exchange courses for national law and CPA firms and presenting to leading real estate and professional organizations, including CREW, CCIM, SIOR, the Federation of Exchange Accommodators, and ProVisors. Her leadership experience and industry involvement further strengthen IPX1031’s position as a trusted partner for sophisticated exchange transactions.

Teresa Fluegel can be reached at (415) 290-2814, via email at [email protected], or www.ipx1031.com/fluegel

About IPX1031

Investment Property Exchange Services, Inc. (IPX1031) is the largest and one of the oldest Qualified Intermediaries in the United States. As a wholly owned subsidiary of Fidelity National Financial (NYSE:FNF), a Fortune 500 company, IPX1031 provides industry leading security for exchange funds as well as expertise and experience in facilitating all types of 1031 Exchanges. IPX1031’s nationwide staff, which includes industry experts, veteran attorneys and accountants, are available to provide answers and guidance to clients and their legal and tax advisors. For more information about IPX1031 visit www.ipx1031.com.

For more information, contact:
Jennifer Keen, EVP, Western Regional Manager
[email protected]
(760) 672-5368

PORTLAND, Ore., May 06, 2026 (GLOBE NEWSWIRE) -- Investment Property Exchange Services, Inc. (IPX1031), the national leader in 1031 Exchange services, announces that Vice President and Sales Executive Sara Remley has transitioned her territory to serve clients throughout Oregon and Vancouver, Washington.

After half a decade with IPX1031 serving investors and real estate professionals in Southern Nevada, Remley returns home to her roots in Oregon, where she was born and educated. This strategic move reflects both IPX1031’s continued investment in the Pacific Northwest and Remley’s long standing personal and professional connection to the region.

A Media Snippet accompanying this announcement is available by clicking on this link.

“Sara’s return to Oregon is both a professional milestone and a personal homecoming,” said Jennifer Keen, Executive Vice President and Manager of Western Operations. “Her experience and client first approach makes her an invaluable resource to investors and advisors throughout Oregon, Vancouver, Washington and beyond. A local presence with local knowledge – nothing is better than that.”

Remley brings years of real estate and 1031 Exchange expertise, with a strong track record of helping clients structure successful Exchanges, defer capital gains taxes, and achieve long term investment goals. Known for her exceptional customer service and strategic insight, she consistently guides clients through seamless transactions.

Prior to joining IPX1031, Remley developed extensive experience in real estate operations, sales, and property management across Nevada, the West Coast, and Hawaii, providing her with a practical understanding of real world transaction dynamics.

An active industry educator and sought after speaker, Remley regularly delivers seminars and training sessions for real estate professionals, CPAs, attorneys, and investors, helping expand awareness of 1031 Exchange strategies and best practices.

“I’m excited to return to Oregon and serve the real estate and investment community in a place that has always felt like home,” said Remley. “The Pacific Northwest is a dynamic and growing market, and I look forward to continuing to support clients with the same level of service and expertise they have come to expect from IPX1031.”

Remley now serves clients across Oregon and Vancouver, Washington, delivering local market insight backed by the national strength and resources of IPX1031.

Sara Remley can be reached at (503)367-6701, via email at [email protected] or on her webpage at www.ipx1031.com/remley

About IPX1031
Investment Property Exchange Services, Inc. (IPX1031) is the largest and one of the oldest Qualified Intermediaries in the United States. As a wholly owned subsidiary of Fidelity National Financial (NYSE:FNF), a Fortune 500 company, IPX1031 provides industry leading security for exchange funds as well as expertise and experience in facilitating all types of 1031 Exchanges. IPX1031’s nationwide staff, which includes industry experts, veteran attorneys and accountants, is available to provide answers and guidance to clients and their legal and tax advisors. For more information about IPX1031 visit www.ipx1031.com.

For more information, contact:  
Jennifer Keen, EVP, Western Regional Manager 
[email protected] 
(760) 672-5368

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF") today announced that its Board of Directors has declared a quarterly cash dividend of $0.52 per share of common stock. The dividend will be payable June 30, 2026, to stockholders of record as of June 16, 2026.

About Fidelity National Financial, Inc.

Fidelity National Financial, Inc. (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. FNF is the nation's largest title insurance company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York - that collectively issue more title insurance policies than any other title company in the United States. More information about FNF can be found at fnf.com.

FNF-G

Lisa Foxworthy-Parker
SVP of Investor & External Relations
[email protected]
515.330.3307

SOURCE Fidelity National Financial, Inc.

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DETROIT, May 13, 2026 (GLOBE NEWSWIRE) -- Investment Property Exchange Services, Inc. (IPX1031), the national leader in 1031 Exchange services, announces the expansion of its Midwest presence with Scott Schofield supporting clients throughout Michigan, Minnesota, Iowa, North Dakota, and South Dakota alongside Vice President TC Fair.

This expansion reflects IPX1031’s continued investment in providing local market expertise and personalized service to investors, advisors, and real estate professionals throughout the Midwest.

Schofield is known for his extensive real estate and 1031 Exchange experience, along with a proactive, client focused approach. He is dedicated to helping clients successfully navigate both Residential and Commercial 1031 Exchange transactions.

A Media Snippet accompanying this announcement is available by clicking on this link.

“Scott’s expanded focus throughout the Midwest strengthens our commitment to delivering experienced, responsive support to clients across the region,” said Scott Nathanson, Eastern Regional Manager of IPX1031. “His knowledge, professionalism, and dedication to client education make him an exceptional resource for investors and advisors alike.”

Working alongside TC Fair, Schofield will support a broad range of Exchange transactions, helping clients structure successful 1031 Exchanges, defer capital gains taxes, and achieve long term investment goals.

“As investment activity continues to grow throughout the Midwest, I’m excited to join IPX1031 and support clients with trusted 1031 Exchange guidance,” said Schofield. “I look forward to building strong relationships throughout the region and helping clients maximize 1031 Exchange opportunities.”

Schofield now serves clients throughout Michigan, Minnesota, Iowa, North Dakota, and South Dakota, delivering regional expertise backed by the national strength and resources of IPX1031.

Scott Schofield can be reached at (947) 282-0779, via email at [email protected] or on his webpage at www.ipx1031.com/schofield

About IPX1031
Investment Property Exchange Services, Inc. (IPX1031) is the largest and one of the oldest Qualified Intermediaries in the United States. As a wholly owned subsidiary of Fidelity National Financial (NYSE:FNF), a Fortune 500 company, IPX1031 provides industry leading security for exchange funds as well as expertise and experience in facilitating all types of 1031 Exchanges. IPX1031’s nationwide staff, which includes industry experts, veteran attorneys and accountants, is available to provide answers and guidance to clients and their legal and tax advisors. For more information about IPX1031 visit www.ipx1031.com.

For more information, contact:  
Scott Nathanson, EVP, Eastern Regional Manager 
[email protected] 
(312) 223-2178

Fidelity National Financial (FNF) is my top pick for 2026, offering compelling value amid low market expectations and cyclical headwinds. FNF's Title segment achieved record margins and robust revenue growth, while F&G's AUM reached $74.5 billion, up 11% year-over-year. Despite Q1 2026 revenue and EPS misses, operational efficiencies, capital returns, and technology investments support a bullish outlook and potential for upward earnings revisions.

TORONTO--(BUSINESS WIRE)--Molson Coors Beverage Company ("Molson Coors" or “the company”) (NYSE: TAP, TAP.A; TSX: TPX.A, TPX.B) today announced that Will Meijer will join the company on April 13 as president, Canada sales. Based in Toronto, Meijer will serve on the company’s senior leadership team, reporting to President and Chief Executive Officer Rahul Goyal.

Canada is a critical market for Molson Coors’ long-term growth, and Meijer brings deep industry expertise and a proven track record of strong leadership to the role. He rejoins Molson Coors after previously spending 16 years with the company in a variety of senior positions across the business, including president of Six Pints (Molson’s Canadian craft beer division), vice president of sales for Ontario and Atlantic Canada and vice president of brand activation.

“We believe Will’s deep understanding of the Canadian beverage alcohol landscape, combined with his strong leadership experience, make him the right leader to help drive our business forward,” said President and CEO Rahul Goyal. “Will knows our business well, understands our team and our customers, and brings valuable perspective that should help position our iconic portfolio of brands to win with consumers in Canada.”

Meijer currently serves as executive vice president of sales at Arterra Wines Canada, where he’s led the Canadian sales organization with a focus on market share growth, execution excellence and value optimization. In that role, Meijer has been responsible for representing the company across Canada’s wine industry while developing and executing national sales and customer marketing strategies and identifying new business and brand development opportunities.

“After 16 years with Molson Coors previously in my career, I’m honoured to return to this great team and begin an exciting next chapter,” said Meijer. “I’m committed to doing right by our people, our legacy and this business. Molson Coors’ strategy focuses on getting much closer to the consumers who enjoy our products and the customers who sell them each day. That vision energizes me, and I can’t wait to roll up my sleeves and support the team on our journey toward growth.”

Meijer holds a Masters in Business Administration from the Shulich School of Business at York University and a Business Administration degree from the Ivey School of Business at the University of Western Ontario. He and his family live in Halton Hills, just west of Toronto. Outside of work, Meijer enjoys travelling with his family, skiing and mountain biking and can often be found enjoying a cold Creemore Lager on a patio by the water in the summer.

Meijer’s appointment follows the departure of previous President, Canada Sales, Chantalle Butler, who left the business in February to pursue her next opportunity outside the company.

In February, Molson Coors announced its new long-range strategy, called Horizon 2030, which focuses on building a scaled portfolio of strong brands across the total-beverage spectrum, from iconic beer brands in Canada such as Molson Canadian and Coors Light, high-end beer brands like Madri Excepcional, and flavoured adult beverages such as Coors Seltzer and Simply Spiked. Molson Coors’ portfolio in Canada also includes local favourites such as Creemore Springs, Brasseur du Montreal and Trou du Diable. The company has two major corporate offices in Toronto and Montreal, along with nine breweries across Ontario, Quebec, British Columbia, Newfoundland and New Brunswick.

ABOUT MOLSON COORS BEVERAGE COMPANY

For more than two centuries, we have brewed beverages that unite people to celebrate all life’s moments. From our core power brands, Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko, to our above premium brands, including Madrí Excepcional, Staropramen, Blue Moon Belgian White and Leinenkugel’s Summer Shandy, to our value brands, like Miller High Life and Keystone Light, we produce many beloved and iconic beers. While our Company's history is rooted in beer, we offer a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer, spirits and non-alcoholic beverages. We also have partner brands, such as Simply Spiked, ZOA Energy, and Fever-Tree, among others, through license, distribution, partnership and joint venture agreements. As a business, our ambition is to be the first choice for our people, our consumers and our customers, and our success depends on our ability to make our products available to meet a wide range of consumer segments and occasions.

To learn more about Molson Coors Beverage Company, visit molsoncoors.com.

ABOUT MOLSON COORS CANADA INC.

Molson Coors Canada Inc. ("MCCI") is a subsidiary of Molson Coors Beverage Company. MCCI Class A and Class B exchangeable shares offer substantially the same economic and voting rights as the respective classes of common shares of MCBC, as described in MCBC’s annual proxy statement and Form 10-K filings with the U.S. Securities and Exchange Commission. The trustee holder of the special Class A voting stock and the special Class B voting stock has the right to cast a number of votes equal to the number of then outstanding Class A exchangeable shares and Class B exchangeable shares, respectively.

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. Words such as “expects,” “intend,” “goals,” “plans,” “believes,” “continues,” “may,” “anticipate,” “seek,” “estimate,” “outlook,” “trends,” “future benefits,” “potential,” “projects,” “strategies,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. From time to time, the Company may also provide oral or written forward-looking statements in other materials the Company releases to the public. Such forward-looking statements are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, and other characterizations of future events or circumstances are forward-looking statements, and include, but are not limited to, statements by the President and CEO, contributions of the new President, Canada Sales, the Company’s Horizon 2030 strategy, and expectations (financial or otherwise). In addition, statements that the Company makes in this press release that are not statements of historical fact may also be forward-looking statements.

Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s historical experience, and present projections and expectations include, but are not limited to, the potential for increased restructuring costs or difficulty retaining key employees due to the restructuring, and the other risk factors described in the Company’s filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. We do not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

-

Acquisition establishes Molson Coors as a top-five supplier in the fast-growing ready-to-drink cocktail segment*

More than 80 Monaco team members to join Molson Coors, expected to strengthen U.S. sales capabilities

CHICAGO--(BUSINESS WIRE)--Molson Coors Beverage Company ("Molson Coors" or “the Company”) (NYSE: TAP, TAP.A) has completed the acquisition of Atomic Brands Inc., maker of Monaco Cocktails (“Monaco”), officially welcoming the brand to its U.S. Beyond Beer portfolio.

The acquisition establishes Molson Coors as a top-five supplier in the fast-growing ready-to-drink cocktail segment. With the transaction now closed, Molson Coors is focused on supporting the plan for Monaco’s next phase of growth and leveraging its national scale while maintaining continuity for customers, distributors and consumers.

“As we move forward, we’re committed to protecting what’s made Monaco a leader in RTD cocktails over the past 14 years,” said Brian Feiro, president of U.S. sales for Molson Coors. “That means having the right people and systems in place to support the integration phase for all of our partners and Monaco’s many fans out in the market.”

As part of the integration, Molson Coors is retaining more than 80 members of Monaco’s sales team, who will continue supporting Monaco throughout the integration, and over time, are expected to also represent Molson Coors’ broader flavor portfolio.

“Feet on the street matter,” Feiro added. “Just as we’ve done with our non-alc business, the addition of the Monaco team reflects our commitment to investing in new capabilities to build a winning total-beverage portfolio.”

Launched in 2012, Monaco grew to become the #1 independently owned ready-to-drink (RTD) singles cocktail brand in the U.S., helping to ignite the canned cocktail category by combining bold flavors and quality with convenient, ready-to-drink packaging. The brand has built a loyal following through strong performance in convenience and independent retail, primarily in singles, positioning it for continued expansion.

The acquisition supports the Company’s long-term strategy to build a strong portfolio of scaled brands across beer and beyond beer, aligned with evolving consumer preferences and occasions.

All data points are sourced from Circana unless otherwise specified.

*Source: Nielsen xAOC + Convenience and Liquor, Open States Period Ending Jan 24, 2026

ABOUT MOLSON COORS BEVERAGE COMPANY

For more than two centuries, Molson Coors has brewed beverages that unite people to celebrate all life's moments. From our core power brands Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling, and Ožujsko to our above premium brands, including Madrí Excepcional, Staropramen, Blue Moon Belgium White and Leinekugel’s Summer Shandy, to our value brands, like Miller High Life and Keystone Light, Molson Coors produces many beloved and iconic beers. While Molson Coors’ history is rooted in beer, it offers a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer, spirits and non-alcoholic beverages. Molson Coors also has partner brands, such as Simply Spiked, ZOA Energy, Fever-Tree, among others, through license, distribution, partnership and joint venture agreements. As a business, Molson Coors’ ambition is to be the first choice for its people, its consumers and its customers, and Molson Coors’ success depends on its ability to make its products available to meet a wide range of consumer segments and occasions. To learn more about Molson Coors Beverage Company, visit molsoncoors.com.

FORWARD LOOKING STATEMENTS

This press release includes “forward-looking statements” within the meaning of the U.S. federal securities laws. Generally, the words "expects," "intend," "goals," "plans," "believes," "continues," "may," "anticipate," "seek," "estimate," "outlook," "trends," "future benefits," "potential," "projects," "strategies," "implies," and variations of such words and similar expressions are intended to identify forward-looking statements. Statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, transaction plans and integration efforts, and other characterizations of future events or circumstances are forward-looking statements, and include, but are not limited to, statements regarding Molson Coors’ strategy, its expectations regarding premiumizing its portfolio and the anticipated consummation of the acquisition and the timing and benefits thereof. Although Molson Coors believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Actual events or results may differ materially from those contained in the forward-looking statements due to risks, uncertainties and assumptions. These risk factors include those detailed in Molson Coors’ public filings with the Securities and Exchange Commission (the “SEC”), including its most recent Annual Report on Form 10-K and subsequent filings with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Molson Coors does not undertake to update any forward-looking or other statements in this release, except as required by law.

More News From Molson Coors

Back to Newsroom

Molson Coors Beverage Co (NYSE:TAP) is scheduled to report its first-quarter results on Thursday, April 30, before the market opens.

The earnings expectation has been reduced from 40 cents per share to 36 cents per share to reflect lower revenue and margin estimates in the Americas, according to JPMorgan.

• Molson Coors Beverage stock is trading near recent lows. What’s the outlook for TAP shares?

The Molson Coors Beverage Analyst: Analyst Drew Levine maintained a Neutral rating, while cutting the price target from $45 to $43.

The Molson Coors Beverage Thesis: The lowered estimate for the Americas is partially offset by higher estimates for the EMEA (Europe, Middle East, and Africa) and APAC (Asia-Pacific) regions, and the final estimate is still higher than the consensus of 35 cents per share, Levine said in the note.

Check out other analyst stock ratings.

He also revised sales estimates for Molson Coors Beverage:

Raised the estimate for constant-currency sales growth to 1.5%, from the previous projection of a decline of 0.9% and compared to the consensus of a 0.3% decline. Cut total sales growth estimate to 0.8%, from 1.4% previously. Now expects a volume decline of 3.8%, higher than the previous forecast of a 3.4% contraction, versus the consensus of a 2.3% decline. The analyst expects the company's gross margin to shrink 234 basis points (bps) year-on-year to 33.8%, below the consensus of 34.8%.

Levine lowered the EPS estimate for 2026 from $4.71 per share to $4.65 per share, now representing a 14% year-on-year decline, and 2027 EPS from $5 per share to $4.75 per share, reflecting 1.9% growth versus 6.1% growth previously.

"The set up into the spring/summer also seems supportive with easier comparisons against poor weather and potential tailwinds (World Cup, America 250)," Levine wrote. He further stated, however, that Molson Coors Beverage's market share performance "has been lackluster" and the pricing environment is tough, although the acquisition of Atomic Brands could provide a boost to revenues this year.

TAP Price Action: Shares of Molson Coors Beverage had risen by 0.31% to $42.57 at the time of publication on Monday.

Photo: Habanero Pixel via Shutterstock

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Molson Coors (TAP) delivered a Q1'26 EPS beat of 63%, yet reaffirmed full-year guidance for an 11-15% EPS decline, creating a compelling value disconnect. The EPS decline is driven by a quantified, largely temporary aluminum cost headwind, not structural deterioration; underlying FCF remains robust at $1.1B, supporting a 13.6% yield. Capital allocation is highly shareholder-friendly, with a 4.5% dividend yield, aggressive buybacks, and a manageable debt maturity profile, all at 9x forward earnings near 52-week lows.

Everpure NYSE: PSTG, the tech company formerly known as Pure Storage, has become a key beneficiary of the artificial intelligence (AI) data center boom. Over the past three years, shares have gained more than 150%. Still, the stock has faced big-time volatility. In nine of Everpure’s last 12 earnings releases, shares have swung up or down by at least 10% the next day. Four of those moves have been to the upside, while five have been to the downside.

After the company’s latest report, Everpure got the short end of the stick, seeing its shares drop by 10% in response. This came even though the company beat estimates and issued better-than-expected guidance.

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On the one hand, Everpure is experiencing strong and accelerating growth, having just achieved $1 billion in quarterly revenue for the first time. On the other hand, soaring memory chip prices and strategic shifts are clouding the company’s outlook.

Let’s break down these dynamics to gain an updated perspective on Everpure going forward.

PSTG Cements Shift Into Data Management and Intelligence as Everpure First off, it is important to understand why Everpure changed its name from Pure Storage, as it signals the firm's strategic trajectory. The company started out by providing high-performance data storage hardware. Its all-flash systems offered huge speed and efficiency improvements over traditional hard disk drive (HDD) storage.

The company’s Purity operating environment offers a unified platform for managing all of its storage hardware. Additionally, the company’s hardware and software are fully upgradable. If a customer buys a storage array, they can repeatedly upgrade for years as technology improves without having to buy a completely new system. This early focus, primarily as a storage provider, led to the name Pure Storage.

The company’s focus on speed, operating efficiency, and upgradability allowed it to gain significant share in the enterprise data market.

Everpure says that since 2013, it has gained 13% market share. Meanwhile, legacy competitors like Dell Technologies NYSE: DELL and International Business Machines NYSE: IBM have lost significant share.

However, the company has continually added layers of software over the years to transition from a data storage company to a data management company. Its acquisition of 1touch, announced alongside the name change, highlights this. The company says that 1touch will allow its customers to “better understand the meaning of their data and unlock its strategic value through AI and other applications."

Thus, the company wants to help customers not only store their data but also understand how to use it in deploying AI. By removing “storage” from their name, they are signaling their shift to a more complete data management and intelligence platform. As enterprise AI usage becomes increasingly important, Everpure’s expanding solution set can help it take a larger share of the overall AI pie.

Revenues Soar, But Memory Chip Shortage Weighs on PSTG Many parts of Everpure’s business are moving in the right direction. Revenue rose by over 20% in the latest quarter, exceeding estimates and having accelerated for five quarters in a row. Furthermore, Everpure’s midpoint revenue growth guidance of 19% for its full fiscal year 2027 exceeded estimates. The company has a large customer in Meta Platforms NASDAQ: META and is in talks to bring other hyperscalers in as clients.

However, memory chips are a key cost for the firm, and prices of these components have soared amid the ongoing shortage. As a result, Everpure faces margin uncertainty going forward. Next quarter, the firm sees its product gross margin coming in at the lower end of its typical range between 65% and 70%.

The company indicated confidence, saying it expects gross margins to improve through the rest of the year. However, it also noted that pricing visibility in the memory chip market is "non-existent." This leads to concerns that Everpure’s gross margin outlook may be overly optimistic.

Still, the firm is doing several things to fight back against surging memory costs. For example, it recently announced a 20% price increase, and didn’t rule out further hikes. Additionally, when hyperscalers work with Everpure, they purchase memory components directly from suppliers, limiting the company’s exposure to further price increases. Still, gross margin uncertainty was one of the key reasons Everpure's stock fell significantly after earnings despite the company’s strong growth.

AI Demand: PSTG’s Double-Edged Sword While AI demand is driving increased customer interest for Everpure, it has also led to a memory chip shortage, which is currently a headwind for the firm.

Everpure’s business clearly has momentum, and its potential to add more hyperscaler customers provides upside catalysts. Its move toward broader data solutions can also give it the ability to offer a more comprehensive suite of solutions as the AI revolution progresses.

Still, memory headwinds could result in further downward pressure on shares. Notably, the stock trades at a forward price-to-earnings ratio of approximately 26x, more than 10% below its three-year average of nearly 31x.

The MarketBeat consensus price target on Everpure sits near $94.50, a number that suggests the stock could rise by more than 50%. After Everpure’s earnings, the majority of analyst updates tracked by MarketBeat were price target hikes. However, in aggregate, the average price target among analysts was essentially unchanged, ticking up from $78.50 to $78.75. While substantially lower than the consensus target, this figure still implies strong upside potential of over 25%.

Overall, Everpure is far from a low-risk stock, but it is also one that has the potential to generate significant long-term gains as it converges data storage with data intelligence.

Should You Invest $1,000 in Everpure Right Now?Before you consider Everpure, you'll want to hear this.

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Key Takeaways PSTG expects fiscal 2027 revenues of $4.3B-$4.4B, about 19% growth.PSTG scaled its hyperscaler business in fiscal 2026 and expects higher shipments and revenues in fiscal 2027.PSTG standardized its hyperscale model where customers source NAND. Everpure’s expanding hyperscaler business is emerging as a meaningful driver of its growth strategy, as demand for high-performance, energy-efficient storage accelerates amid the proliferation of AI and large-scale cloud workloads. 

PSTG expects fiscal 2027 revenues to be between $4.3 billion and $4.4 billion, indicating 18.8% year-over-year growth at the midpoint, with operating profit of $780–$820 million expected to rise about 26%. A key driver behind this outlook is the continued expansion of its hyperscaler business, especially in the second half of the fiscal year. PSTG also highlighted that the hyperscaler business performed better than expectations in fiscal 2026.

In fiscal 2026, the company focused on scaling its hyperscaler line of business and now anticipates significantly higher shipments and revenues in fiscal 2027 compared with the prior year. However, revenues are aligned with the hyperscalers data center buildouts and are not linear, added PSTG.

The company has also standardized its business model for hyperscale customers. Looking forward, Everpure will procure certain components required for hyperscale deployments, while hyperscalers will source NAND through their own supply chains. This structure is expected to deliver hyperscaler gross margins between 75% and 85%, which management believes will be accretive to both product margins as well as overall gross margins.

However, rising memory and NAND prices and industry-wide component shortages remain potential headwinds. The company noted that it has built a diversified supply chain with contingency plans to reduce disruption risks, supported by strong supplier relationships and in-house hardware design.

The commentary surrounding hyperscale business suggests that this business is meant to be a strategic lever to expand Pure Storage’s addressable market and support long-term growth.

Let’s Look at Rivals’ Hyperscaler TiesNetApp (NTAP - Free Report) is one of Everpure’s direct competitors. On the last earnings call, management noted that first-party ties with hyperscale cloud customers are a key differentiator. Its partnerships with major hyperscalers such as Amazon and Microsoft, through offerings like Amazon FSx for NetApp ONTAP and Microsoft Azure NetApp Files, solidify NetApp’s position as a critical player in the cloud infrastructure space, which is poised for continued growth as enterprises migrate more workloads to the cloud.

Solid momentum in hyperscaler first-party and marketplace storage services has been driving revenue growth in the Public Cloud segment. Excluding Spot, Public Cloud revenues grew 17% year over year.  First-party and marketplace cloud storage services grew 27%. Management added that these services are helping it acquire new clients, with half of the revenues from new first-party and marketplace customers coming from organizations new to NetApp.

Western Digital Corporation (WDC - Free Report) is working closely with hyperscale customers to deliver high-capacity, reliable drives at scale, focusing on performance and total cost of ownership. The company is advancing areal density gains, accelerating its HAMR and ePMR roadmaps, and driving adoption of higher-capacity and UltraSMR drives. In the fiscal second quarter, Western Digital shipped more than 3.5 million latest-generation ePMR drives, supporting up to 26TB CMR and 32TB UltraSMR capacities, underscoring strong customer adoption. The company shipped a total of 215 exabytes to customers, marking a 22% year-over-year increase. The reliability, scalability and TCO benefits of its ePMR and UltraSMR technologies remain key to its success in the data center market.

Western Digital reaffirmed its dual-path leadership in ePMR and HAMR, with the 40TB UltraSMR ePMR HDD now in qualification at two hyperscalers and volume production targeted for the second half of fiscal 2026, while HAMR drives are also being qualified, with ramp expected in 2027.

PSTG Price Performance, Valuation and EstimatesShares of PSTG have lost 15.4% in the past month against the Technology Services’ industry’s growth of 1.1%.

Image Source: Zacks Investment Research

Regarding the forward 12-month price/earnings ratio, PSTG is trading at 25.68, higher than the sector’s multiple of 21.92.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for PSTG’s earnings for fiscal 2027 has been revised downward marginally over the past 60 days.

Image Source: Zacks Investment Research

PSTG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Everpure has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this data storage company have returned -14.9% over the past month versus the Zacks S&P 500 composite's -1.9% change. The Zacks Technology Services industry, to which Everpure belongs, has lost 1.8% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Everpure is expected to post earnings of $0.40 per share, indicating a change of +37.9% from the year-ago quarter. The Zacks Consensus Estimate has changed -25.2% over the last 30 days.

The consensus earnings estimate of $2.33 for the current fiscal year indicates a year-over-year change of +18.3%. This estimate has changed -5.3% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $2.9 indicates a change of +24.5% from what Everpure is expected to report a year ago. Over the past month, the estimate has changed +3.6%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Everpure is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of Everpure, the consensus sales estimate of $1 billion for the current quarter points to a year-over-year change of +28.9%. The $4.38 billion and $5.07 billion estimates for the current and next fiscal years indicate changes of +19.6% and +15.6%, respectively.

Last Reported Results and Surprise HistoryEverpure reported revenues of $1.06 billion in the last reported quarter, representing a year-over-year change of +20.4%. EPS of $0.69 for the same period compares with $0.45 a year ago.

Compared to the Zacks Consensus Estimate of $1.03 billion, the reported revenues represent a surprise of +2.54%. The EPS surprise was +6.15%.

Over the last four quarters, Everpure surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Everpure is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Everpure. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Investors with an interest in Technology Services stocks have likely encountered both TTEC Holdings (TTEC - Free Report) and Everpure . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

TTEC Holdings has a Zacks Rank of #1 (Strong Buy), while Everpure has a Zacks Rank of #3 (Hold) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that TTEC is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in.

Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

TTEC currently has a forward P/E ratio of 2.13, while PSTG has a forward P/E of 28.10. We also note that TTEC has a PEG ratio of 0.27. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PSTG currently has a PEG ratio of 1.51.

Another notable valuation metric for TTEC is its P/B ratio of 1.1. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, PSTG has a P/B of 14.95.

These metrics, and several others, help TTEC earn a Value grade of A, while PSTG has been given a Value grade of D.

TTEC has seen stronger estimate revision activity and sports more attractive valuation metrics than PSTG, so it seems like value investors will conclude that TTEC is the superior option right now.

A month has gone by since the last earnings report for Everpure . Shares have lost about 6% in that time frame, outperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Everpure due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Everpure, Inc. before we dive into how investors and analysts have reacted as of late.

Everpure Q4 Earnings Beat EstimatesEverpure reported fourth-quarter fiscal 2026 non-GAAP earnings per share (EPS) of 69 cents, which beat the Zacks Consensus Estimate of 65 cents. The company reported non-GAAP EPS of 45 cents in the prior-year quarter.

Quarterly revenues expanded 20% year over year to $1.1 billion, beating the Zacks Consensus Estimate by 2.5%. This marks the first billion-dollar quarter in company history. For the full fiscal year, revenue totaled $3.7 billion, up 16% year over year. The growth reflects strong demand across enterprise customers, modernizing legacy storage, hyperscalers scaling AI workloads and hybrid and multi-cloud environments. Its Enterprise Data Cloud (EDC) architecture is gaining strong traction, with more than 600 customers adopting Fusion in its first year.

Everpure has strengthened its hyperscale positioning by partnering with SK hynix to deliver advanced QLC flash storage optimized for large data centers. The partnership positions Everpure well for large-scale deployments. Recently, it announced a definitive agreement to acquire 1touch, extending its EDC into data discovery, classification, contextualization and enrichment. This deepens the company’s move into data governance, a critical layer for AI compliance and enterprise security. The deal is expected to close in the second quarter of fiscal 2027, subject to customary conditions, with terms undisclosed.

Despite strong momentum, management remains wary of global supply chain imbalances, AI infrastructure spending cycles, competition from hyperscaler-native storage offerings and pricing pressure in large enterprise deals. However, the strong gross margins suggest pricing power remains intact.

Quarter in DetailProduct revenues (contributing 58.4% to total revenues) amounted to $618 million, up 25% on a year-over-year basis. The product revenue category now also includes royalties from hyperscale shipments and part of Portworx software revenue when sold as term licenses.

Subscription services revenues (41.6%) of $440 million rose 14%.

Subscription annual recurring revenues (ARR) amounted to nearly $1.9 billion, up 16% on a year-over-year basis. High-velocity deals under $5 million lifted Storage-as-a-Service TCV 28% year over year to $179 million.

Total revenues in the United States and International were $674 million and $385 million, up 9% and 48%, respectively. International revenue made up 36% of the total, underscoring global expansion as a key strategic focus.

Margin HighlightsThe non-GAAP gross margin came in at 71.4% compared with 69.2% in the prior-year quarter.

Favorable product mix expanded product gross margin to 67.3%, up more than 400 bps year over year. Product gross margin declined sequentially on lumpy hyperscaler and Portworx shipments, mix shifts and modest component cost inflation, with pricing actions taken in early February 2026. The non-GAAP subscription gross margin was 77% compared with 77.2% a year ago.

It reported a non-GAAP operating income of $226 million compared with $153 million in the year-ago quarter, boosted by strong revenue and solid gross margins.

Non-GAAP operating margin reached 21.3%, up from 17.4%, demonstrating that scale and recurring revenue are improving profitability leverage.

Balance Sheet & Cash FlowIt exited the fiscal fourth quarter, which ended on Feb. 1, with cash and cash equivalents and marketable securities of $1.5 billion, the same as of Nov. 2, 2025.

Cash flow from operations amounted to $268 million in the fiscal fourth quarter compared with $208.5 million reported in the prior-year quarter. Free cash flow was $201.5 million compared with $152.4 million in the year-ago quarter.

In the fiscal fourth quarter, the company returned $127 million to shareholders by buying back 1.7 million shares. In fiscal 2026, it returned $343 million to shareholders by repurchasing 5.6 million shares. It has $329 million left from its existing $400 million share repurchase plan. For fiscal 2026, 56% of free cash flow was used for buybacks.

The remaining performance obligations (RPO) at the end of the fiscal fourth quarter totaled $3.7 billion, up 40% year over year, on the back of sizable deals and continued strength in Evergreen//Forever and Evergreen//One. RPO, which includes its Storage-as-a-Service offerings and Evergreen subscriptions across the install base, grew 34%.

Upbeat GuidanceFor first-quarter fiscal 2027, it expects revenues of $990 million to $1.01 billion, up about 28% year over year at the midpoint.

The non-GAAP operating income is expected to be $125-$135 million, with around 57% year-over-year growth at the midpoint.

It has entered fiscal 2027 with strong momentum and expects 47% of revenue in the first half, up 2 points year over year.

At the midpoint, revenue expectations of $4.3–$4.4 billion suggests 18.8% year-over-year growth, with operating profit of $780–$820 million expected to rise about 26%.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a flat trend in fresh estimates.

The consensus estimate has shifted -47.48% due to these changes.

VGM ScoresCurrently, Everpure has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. Charting a somewhat similar path, the stock has a grade of D on the value side, putting it in the bottom 40% for value investors.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook Everpure has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.