Track market-moving stories before they get noisy

AI infrastructure stocks received a boost today after power components and systems company Vicor (VICR +2.51%) raised its second-quarter revenue guidance from $126 million to $142 million. The news was enough to send Vicor stock soaring, and it also sent Navitas Semiconductor (NVTS +7.56%) shares higher by as much as 15.6% at 11 a.m. today.

Why Vicor's results read across well for Navitas As outlined recently, Navitas is a company whose stock is highly sensitive to developments in AI data center infrastructure spending. The reason is that management has deliberately pivoted the company away from its traditional core markets of power chips for mobile phone charging and consumer products toward high-power applications. Indeed, Navitas is a partner of Nvidia in developing next-generation data center power chips.

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Therefore, when Vicor, whose advanced products focus on data center and hyperscaler segments according to SEC filings, raises its guidance to reflect stronger hyperscaler spending, it signals positive momentum for Navitas.

Where next for Navitas The company is loss-making and will be so until 2030, according to the Wall Street consensus from S&P Global Market Intelligence. Given that timeline toward profitability, the stock is highly likely to fluctuate heavily with every twist and turn in the debate over whether AI infrastructure spending is in its early or mid innings.

Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

Aehr Test Systems (AEHR +7.07%) stock soared by 16.2% as of late afternoon today. The move comes as power systems company Vicor (VICR +2.51%) unexpectedly raised its second-quarter revenue guidance, just a month after reporting its first-quarter earnings. It's good news for the AI infrastructure sector and, in turn, Aehr Test Systems.

Vicor updates guidance The company makes "modular power components and power systems for converting electrical power," and its advanced products solutions are mainly sold to hyperscalers and data centers that use them to deliver power across data center infrastructure. Vicor raised guidance on the back of "rising product revenues and royalties from an additional licensee to its patented power system technology."

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If demand for data center-related power solutions is accelerating, then it will also be the case for power chip manufacturers, and ultimately for Aehr Test Systems. The wafer-level burn-in (WLBI) test equipment company is aggressively growing its sales to the AI infrastructure sector via test equipment for power semiconductors and AI processors.

Aehr's order book is exploding In fact, Aehr reported a $41 million order from its lead hyperscaler customer about a month ago. The order took Aehr's orders to over $92 million in the second half of its fiscal 2026, a figure significantly above its previous guidance for the high end of its $60 million to $80 million range. If the Vicor news reads across as further strengthening in AI data center-related spending, then don't be surprised if Aehr receives more orders in due course.

Image source: Getty Images.

Still, given that Aehr is a couple of years away from profitability, it will need to keep receiving orders to fully convince investors it's on the right track.

Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Vicor: Mid-Quarter Guidance Raise Confirms The IP Thesis (Rating Upgrade)

Key Takeaways RPM International acquired Kalzip, adding aluminum roofing and faade systems to its Tremco unit.Kalzip adds aluminum roofing and faade systems, enhancing design-driven solutions in complex projects.RPM aims for margin gains by shifting toward engineered systems amid recent EBIT margin pressure. RPM International Inc. (RPM - Free Report) has completed its acquisition of Kalzip GmbH, integrating it into its Tremco Construction Products Group to strengthen its building envelope capabilities. By bringing Kalzip’s standing-seam aluminum technology under its wing, RPM is not only expanding its product portfolio but also enhancing its architectural and specification-driven capabilities within complex commercial projects. Following the news, shares of RPM gained 1.2% during the trading session yesterday.

Kalzip, a global leader in aluminum roofing and façade systems, contributes high-performance, design-oriented exterior solutions that complement Tremco CPG’s existing waterproofing and structural offerings. With a dominant footprint across Europe and an impressive track record of landmark infrastructure — including the Estadio Santiago Bernabéu and LAX Train Station — the acquisition directly supports RPM’s strategic push toward international expansion and participation in more resilient construction sectors.

This strategic move comes at a pivotal time for RPM’s Construction Products Group, which recently delivered record sales of $737.4 million, driven by demand for high-performance roofing systems. However, EBIT margins declined 200 basis points to 13.4% due to temporary inefficiencies from plant consolidations and project delays. The integration of Kalzip is expected to support long-term margin improvement by shifting the portfolio toward higher-value, engineered systems that are less exposed to volatility in traditional construction and restoration markets.

Overall, the Kalzip deal appears less of an immediate step change and more of a strategic building block — enhancing RPM’s portfolio depth, expanding its international reach and reinforcing its shift toward higher-margin, system-based construction solutions.

RPM’s Competitive LandscapeRPM’s performance reflects broader trends in the specialty coatings and construction products market, where peers such as PPG Industries, Inc. (PPG - Free Report) and Sherwin-Williams Company (SHW - Free Report) are also benefiting from resilient demand in infrastructure, maintenance and high-performance building solutions.

PPG remains a key competitor with a strong global footprint across architectural and industrial coatings. The company continues to benefit from demand tied to infrastructure investment, and aerospace and automotive refinishing while actively optimizing its portfolio toward higher-margin, technology-driven coatings. Similar to RPM, PPG is leveraging pricing actions and cost controls to protect margins, though its exposure is more heavily weighted toward global industrial end markets.

In comparison, Sherwin-Williams maintains a dominant position in architectural coatings, supported by its extensive distribution network and strong brand equity. While the company has greater exposure to residential and commercial repaint markets, it is also expanding in protective and marine coatings, aligning more closely with RPM’s construction-focused segments. SHW’s scale and vertical integration provide a competitive edge, though RPM differentiates itself through a more diversified portfolio spanning specialty coatings, sealants and building envelope systems across both consumer and industrial channels.

RPM Stock’s Price Performance & Valuation TrendShares of this global manufacturer and marketer of high-performance coatings, sealants and specialty chemicals have declined 10.6% in the past year, underperforming the Zacks Chemical - Specialty industry, the broader Basic Materials sector and the S&P 500 index.

Image Source: Zacks Investment Research

RPM stock is currently trading at a discount compared with the industry, with a forward 12-month price-to-earnings (P/E) ratio of 17, as evidenced by the chart below.

Image Source: Zacks Investment Research

Earnings Estimate Revision of RPMRPM’s earnings estimates for fiscal 2026 have trended lower over the past 30 days, while estimates for fiscal 2027 have remained unchanged. The revised bottom-line outlook for fiscal 2026 implies a year-over-year decline of 0.8%, whereas fiscal 2027 estimates point to a projected growth of 14.9%.

Image Source: Zacks Investment Research

RPM currently carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

RPM International Inc. (NYSE:RPM) will release earnings for its third quarter before the opening bell on Wednesday, April 8.

Some of the company’s investors may be eyeing potential gains from the company's dividends. Currently, RPM has an annual dividend yield of 2.2%. That’s a quarterly dividend amount of 54 cents per share ($2.16 a year).

To figure out how to earn $500 monthly from RPM, start with the yearly target of $6,000 ($500 x 12 months).

Next, divide that amount by RPM's $2.16 dividend: $6,000 / $2.16 = 2,778 shares.

So, an investor would need to own approximately $272,161 worth of RPM, or 2,778 shares to generate a monthly dividend income of $500.

Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $2.16 = 556 shares, or $54,471 to generate a monthly dividend income of $100.

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.

For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).

Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).

Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.

RPM Price Action: Shares of RPM International fell by 2.6% to close at $97.97 on Thursday.

Analysts expect the company to report earnings of 35 cents per share on Wednesday. That's the same as the 35 cents per share in the year-ago period. The consensus estimate for RPM's quarterly revenue is $1.55 billion (it reported $1.48 billion last year), according to Benzinga Pro.

Ahead of quarterly earnings, UBS analyst Joshua Spector, on Thursday, maintained a Neutral rating on RPM International and lowered the price target from $119 to $108.

With the recent buzz around RPM,

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GRAND FALLS-WINDSOR, Newfoundland and Labrador, April 08, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that drilling has commenced at the Alloy Max Zone, a new large-scale awaruite (Ni₃Fe) nickel-cobalt alloy discovery located 7 kilometers (km) north of the RPM Zone. The Alloy Max Zone represents the Company's second major target area within the 30 km Pipestone Ophiolite Complex at its Pipestone XL Nickel-Cobalt Alloy Project in central Newfoundland. The Alloy Max discovery was first announced on March 18, 2026, following the Company's ongoing district-wide surface sampling program, which identified a new large area of magnetically recoverable nickel-cobalt alloy mineralization. The initial target area measures approximately 4 km in length and 1.2 km in width.

The initial drill program at Alloy Max is designed to test for awaruite mineralization over a large area through four drill holes distributed across 2.4 km of strike length and approximately 950 m in width within the initial 4 km x 1.2 km defined target area. Due to minimal overburden, geologists were able to directly sample bedrock at the drill pad locations and identified visibly disseminated awaruite mineralization in surface bedrock prior to drilling.

The Company has completed a drill access trail to the Alloy Max Zone from the existing camp and will now begin construction of a drill access road extending north from Alloy Max through Super Gulp toward Atlantic Lake, following the geologic 30 km nickel trend of the Pipestone Ophiolite Complex. As road construction proceeds northward, the Company plans to conduct direct bedrock sampling through shallow pits and trenches along the road corridor to evaluate newly identified and historical areas with elevated DTR nickel values that were previously inaccessible by ground.

HIGHLIGHTS:

1. Drilling Commenced at Alloy Max Zone: Drilling has commenced at the Alloy Max Zone, with four initial drill pad locations spanning 2.4 km in strike length and testing nickel-cobalt alloy mineralization across an area approximately 950 m in width. The Alloy Max Zone is located 7 km north of the RPM Zone within the 30 km Pipestone Ophiolite Complex.

2. Visible Awaruite Discovered in Bedrock Prior to Drilling: Prior to drilling, geologists sampled bedrock through shallow pits in areas of minimal overburden at the Alloy Max Zone and identified visibly disseminated awaruite in bedrock at drill pad locations across the 2.4 km strike length and 950 m width covered by the initial drill holes.

3. Second Large-Scale Nickel-Cobalt Alloy Target Area: Alloy Max, first announced on March 18, 2026, has an initial defined target area of approximately 4 km x 1.2 km. Geological mapping and geophysics indicate Alloy Max may host a larger mineralized area than the RPM Zone. DTR surface sampling has returned magnetically recoverable nickel-cobalt alloy grades comparable to surface values at the RPM Zone, where drill core consistently returned higher DTR grades in drill core.

4. Initial Drill Holes Testing Awaruite Mineralization Across 2.4 km Strike Length: Surface bedrock samples collected from shallow pits at drill pad locations at the Alloy Max Zone confirmed visible awaruite mineralization. The 4 drill pad locations span 2.4 km in strike length and 950 m in width. The program is designed to test for magnetically recoverable awaruite mineralization to establish initial results and guide further drilling.

5. Drill Access Road North From Alloy Max Toward Atlantic Lake: The Company has completed a drill access trail to the Alloy Max Zone and will now begin construction of a drill access road extending north from Alloy Max through Super Gulp toward Atlantic Lake, following the 30 km geologic nickel trend of the Pipestone Ophiolite Complex. Upon completion, the road will connect to Grand Falls-Windsor and the Trans-Canada Highway, providing full vehicle access across the entire complex for exploration and development activities.

6. Bedrock Sampling During Road Construction Along 30 km Trend: Along the corridor between Alloy Max and Atlantic Lake, the Company has identified areas of interest based on newly identified DTR nickel surface samples that may indicate additional awaruite nickel-cobalt alloy mineralized zones previously inaccessible by ground. The Company plans to conduct direct bedrock sampling through trenching and shallow pits during road construction, which has been designed to closely follow the 30 km nickel trend of the Pipestone Ophiolite Complex.

For further information, questions, or investor inquiries, please contact Rob Guzman at First Atlantic Nickel by phone at +1-844-592-6337 or via email at [email protected].

Drilling at the Alloy Max Zone is targeting magnetically recoverable awaruite nickel-cobalt alloy mineralization across a broad area within the initial 4 km x 1.2 km target area, as outlined through the integration of field geological mapping, surface rock sampling, DTR (magnetic separation and recovery) analysis, and geophysics. The four initial drill pad locations span 2.4 km of strike length and are positioned to test an area approximately 950 m wide prospective for nickel-cobalt alloy mineralization.

The objective of the program is to test for the presence and continuity of magnetically recoverable awaruite nickel-cobalt alloy across the Alloy Max Zone and to generate initial results to guide further drilling. At the RPM Zone, this exploration model has proven effective, with drill core samples consistently returning higher DTR nickel grades than weathered surface samples. The Company anticipates that a similar pattern may occur at Alloy Max, where surface DTR values are comparable to those recorded at the RPM Zone.

During site preparation at the drill pad locations, minimal overburden allowed geologists to directly examine and sample bedrock, where visibly disseminated awaruite was encountered at various pad sites. This observation further supports the presence of awaruite nickel-cobalt alloy mineralization at surface across the Alloy Max target area and is consistent with the surface sampling results reported on March 18, 2026.

Figure 01: Bedrock sample collected beneath shallow overburden at a drill pad location. The sample confirms the drill target prior to drilling and contains visible disseminated awaruite magnetic nickel cobalt alloy mineralization.

Figure 02: Map of the Alloy Max and RPM Zone areas showing DTR nickel (%) in surface rock samples, including Alloy Max drill pad locations and the RPM 2025 drill holes.

Figure 03: Drilling underway at the Alloy Max Zone, testing newly defined targets within the 4 km by 1.2 km wide target area 7 km north of RPM Zone discovery.

PIPESTONE XL DRILL ACCESS ROAD AND EXPLORATION PROGRAM

The Company has completed a drill access trail from the existing camp to the Alloy Max Zone and will now begin construction of a drill access road extending north from Alloy Max through Super Gulp toward Atlantic Lake, following the 30 km geologic nickel trend of the Pipestone Ophiolite Complex. Upon completion, the road will provide full vehicle access from the camp into Grand Falls-Windsor and the Trans-Canada Highway, which crosses Newfoundland, thereby connecting the entire complex with ground access for exploration and development activities.

Along this corridor between Alloy Max and Atlantic Lake, the Company has identified areas of interest based on newly identified DTR nickel surface samples that may indicate additional awaruite nickel-cobalt alloy mineralized zones. Many of these areas were previously inaccessible by ground. The Company plans to conduct direct bedrock sampling through trenching and shallow pits during road construction, which has been designed to closely follow the 30 km nickel trend of the Pipestone Ophiolite Complex. As construction advances, the Company will systematically explore prospective ground across the trend, advancing the identification of new nickel-cobalt alloy target areas while building the access required for long-term project development.

NEWFOUNDLAND JUNIOR EXPLORATION ASSISTANCE

The Company would like to express its gratitude to the Province of Newfoundland and Labrador for awarding it the maximum grant of $150,000 under the Junior Exploration Assistance (JEA) program. This funding will support critical mineral exploration at the Company's Pipestone XL Nickel-Cobalt Alloy Project, a district-scale nickel-cobalt alloy project strategically located in central Newfoundland with access to key infrastructure, including roads and clean hydro-grid power. Newfoundland and Labrador is consistently ranked among the world's leading mining jurisdictions.

Newfoundland & Labrador has ranked in the top 10 globally for mining investment attractiveness from 2022 to 2025 according to the Fraser Institute's Annual Survey of Mining Companies; The 2024 survey states1:

"Only two Canadian jurisdictions ranked in the top 10 for their investment attractiveness: Saskatchewan (7th) and Newfoundland & Labrador (8th)."

The report further notes:

"Newfoundland & Labrador stands out among all jurisdictions included in the sub-survey, with 86 percent of respondents indicating that they were able to acquire the necessary permits for exploration in two months or less."

The province combines world-class geology with supportive government policies, well-established infrastructure, and efficient permitting for mineral exploration and development.

AWARUITE (Ni₃Fe) - EARTH'S RAREST NATURALLY MAGNETIC HIGH-GRADE NICKEL-IRON-COBALT ALLOY MINERAL

Awaruite (Ni₃Fe) is a naturally occurring nickel-iron-cobalt alloy mineral containing approximately 77% nickel2 - 2 to 3 times the nickel content of typical sulfide minerals such as pentlandite (~25% Ni)3. Awaruite forms during serpentinization, a geological process in which ultramafic peridotite reacts with water, generating molecular hydrogen gas (H₂), and liberated nickel (Ni²⁺) and iron (Fe²⁺) then react with this abundant hydrogen to form the alloy. Because awaruite already exists in a reduced metallic state composed entirely of metal elements with no sulfur, it requires no smelting, roasting, or acid leaching. This offers a direct mine-to-refinery or stainless steel pathway that bypasses the bottleneck of limited North American smelting capacity.

Figure 04: Quote from USGS on Awaruite Deposits4

Awaruite's strong natural magnetic properties - up to 10 times more magnetic than magnetite - enable recovery through magnetic separator drums commonly used in large-scale open-pit bulk-tonnage iron ore mines across North America for over a century. DTR is a standard metallurgical test used in iron ore mining globally to measure the recovery of magnetic minerals, and is a specific method for measuring awaruite recovery from drill core.

As stated in the August 2025 report "From Rocks to Power" from the Battery Metals Association of Canada5:

"Awaruite is not a sulfide nor an oxide nickel ore but a high-content native nickel–iron ore. Simple beneficiation processes after mining could provide 60% Ni concentrate, ready for leaching for battery cathode purposes and would yield MHP as a by-product. This process would bypass pyrometallurgy or early hydrometallurgy stages and be among the lowest carbon-intensive nickel production sites in the global nickel market."

The Battery Metals Association of Canada has also stated in June 20256:

"A future nickel metallurgical plant could be designed to produce nickel sulfate or even precursors to the cathode active material (pCAM) for NMC batteries. Nickel sulfate can be produced by leaching nickel matte from nickel sulfide concentrates if the facility is a smelter, or it can be easily produced from a hydrometallurgical facility leaching awaruite concentrates.”

INVESTOR INFORMATION

The Company's common shares trade on the TSX Venture Exchange under the symbol "FAN", the American OTCQB Exchange under the symbol "FANCF" and on several German exchanges, including Frankfurt and Tradegate, under the symbol "P21".

Investors can get updates about First Atlantic by signing up to receive news via email and SMS text at www.fanickel.com.

FOR MORE INFORMATION:

First Atlantic Investor Relations
Robert Guzman
Tel: +1 844 592 6337
[email protected]

DISCLOSURE

Adrian Smith, P.Geo., a director and the Chief Executive Officer of the Company is a qualified person as defined by NI 43-101. The qualified person is a member in good standing of the Professional Engineers and Geoscientists Newfoundland and Labrador (PEGNL) and is a registered professional geoscientist (P.Geo.). Mr. Smith has reviewed and approved the technical information disclosed herein.

ANALYTICAL METHOD & QA/QC

Representative rock samples were collected in the field from outcrops or subcrop exposures, while avoiding float material. Sample locations were documented using handheld GPS units. All samples were securely sealed, labeled and shipped to Activation Laboratories Ltd. (“Actlabs”) in Ancaster, Ontario, an ISO 17025 certified and accredited laboratory operating independently of First Atlantic.

Each sample was crushed, with a 250 g sub-sample pulverized to 95% passing 200 mesh. A magnetic separation was then generated by running the pulverized sub-sample through a magnetic separator which splits the sub-sample into magnetic and non-magnetic fractions. This involves running a 30 g split of the pulp through a Davis Tube magnetic separator as a slurry using a constant flow rate, a magnetic field strength of 3,500 Gauss, and a tube angle of 45 degrees to produce magnetic and non-magnetic fractions.

The magnetic fractions are collected, dried, weighed and fused using a lithium metaborate/tetraborate flux with a lithium bromide releasing agent, then analyzed on a wavelength dispersive XRF for multiple elements including nickel, cobalt, iron and chromium. The magnetically recoverable nickel grade was calculated by multiplying the XRF fusion nickel value by the weight of the magnetic fraction and dividing by the total recorded feed weight or magnetic mass pulled from the sample.

The Company’s quality assurance/quality control (QA/QC) protocol included the insertion of blanks, duplicates, and certified reference material (standards), to monitor the precision and accuracy of the laboratory results. All analytical results successfully passed QA/QC screening at the laboratory. All QA/QC protocols were performed by Actlabs. The Davis Tube Recovery (“DTR”) method described above is a bench scale metallurgical test used to measure the magnetically recoverable nickel (“DTR Ni %”).

ABOUT FIRST ATLANTIC NICKEL CORP.

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) is a critical mineral exploration company in Newfoundland & Labrador developing the Pipestone XL Nickel-Cobalt Alloy Project. The project spans the entire 30-kilometer Pipestone Ophiolite Complex, where multiple zones, including RPM, Alloy Max, Super Gulp, Atlantic Lake, and Chrome Pond, contain awaruite (Ni₃Fe), a naturally occurring magnetic nickel-iron-cobalt alloy of approximately ~77% nickel with no-sulfur and no-sulfides, along with secondary chromium mineralization. Awaruite's sulfur-free composition removes acid mine drainage (AMD) risks, while its unique magnetic properties enable processing through magnetic separation, eliminating the electricity requirements, emissions, and environmental impacts of conventional smelting, roasting, or high-pressure acid leaching while reducing dependence on overseas nickel processing infrastructure.

The U.S. Geological Survey recognized awaruite's strategic importance in its 2012 Annual Report on Nickel, noting that these deposits may help alleviate prolonged nickel concentrate shortages since the natural alloy is much easier to concentrate than typical nickel sulfides. The Pipestone XL Nickel-Cobalt Alloy Project is located near existing infrastructure with year-round road access and proximity to hydroelectric power. These features provide favorable logistics for exploration and future development, strengthening First Atlantic's role to establish a secure and reliable source of North American nickel production for the stainless steel, electric vehicle, aerospace, and defense industries. This mission gained importance when the US added nickel to its critical minerals list in 2022, recognizing it as a non-fuel mineral essential to economic and national security with a supply chain vulnerable to disruption.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements:

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes statements that are not historical facts and is based on management’s current expectations, estimates, assumptions and projections as of the date of this news release. Although the Company believes that such forward-looking information is reasonable, it can give no assurance that such expectations will prove to be correct, as such forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results and future events to differ materially from those expressed or implied by such information. Forward-looking information in this news release includes, but is not limited to, statements regarding: the timing, scope, objectives and results of the Company’s exploration, sampling and drilling programs at the Pipestone XL Nickel-Cobalt Alloy Project, including at the Alloy Max Zone and RPM Zone; the construction and anticipated benefits of access trails and roads, including improved access to prospective areas; the submission, receipt and timing of permits, including for shallow pits and trenches; the potential size, continuity, extent and significance of awaruite-bearing mineralization at Alloy Max, RPM and elsewhere within the Pipestone Ophiolite Complex; the interpretation of DTR results, surface sampling, geological mapping and geophysical data; the expected relationship between surface sample results and subsurface drill core results; the potential for Alloy Max to represent a larger mineralized area than the RPM Zone; the identification of additional target areas; the Company’s ability to fund and advance planned exploration activities; and the Company’s broader plans for the advancement and development of its projects, including any potential downstream processing or vertical integration opportunities. Forward-looking information is based on a number of assumptions, including, without limitation: that geological, geophysical, sampling and analytical results are indicative of mineralization continuity and scale; that DTR and other analytical results are reliable and repeatable under comparable conditions; that exploration programs will proceed as currently contemplated; that the Company will be able to obtain required permits, access, contractor services, equipment, supplies and personnel in a timely manner; that market conditions and commodity prices will remain supportive; and that the Company will have access to sufficient capital on reasonable terms to fund its planned activities.

Forward-looking information is subject to a variety of risks and uncertainties, including, without limitation: exploration results not supporting the Company’s interpretations or expectations; the speculative nature of mineral exploration and development; uncertainty in geological continuity and grade; risks relating to the interpretation of sampling, DTR, geophysical and drilling results; delays in or failure to obtain required permits, approvals, access or financing; risks relating to contractors, equipment availability, labour and operating matters; adverse weather or logistical conditions; fluctuations in commodity prices and capital market conditions; environmental and regulatory risks; and other risks associated with the mining industry and the Company’s business and affairs. Additional information regarding these and other risks is available in the Company’s public disclosure documents filed under its profile on SEDAR+ at www.sedarplus.ca. The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no mineral reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking information, except as required by applicable securities laws.

1 https://www.fraserinstitute.org/sites/default/files/2025-07/annual-survey-of-mining-companies-2024_0.pdf
2 https://www.sciencedirect.com/science/article/abs/pii/S0892687522002667
3 https://fpxnickel.com/projects-overview/what-is-awaruite/
4 https://d9-wret.s3.us-west-2.amazonaws.com/assets/palladium/production/mineral-pubs/nickel/mcs-2012-nicke.pdf
5 https://transitionaccelerator.ca/wp-content/uploads/2025/08/From-Rocks-to-Power-Nickel.pdf
6 https://netzeroindustrialpolicy.ca/wp-content/uploads/2025/07/BMAC_TA_EFL_Western_Canadian_Battery_Value_Chain.pdf

Photos accompanying this announcement are available at 
https://www.globenewswire.com/NewsRoom/AttachmentNg/0d889205-fb7e-475c-8751-5d952cf3ece1
https://www.globenewswire.com/NewsRoom/AttachmentNg/a589b9a4-1b35-4bb3-a248-1e899aa7ccce
https://www.globenewswire.com/NewsRoom/AttachmentNg/7805f049-1340-4244-83a9-aeea58fed6ee
https://www.globenewswire.com/NewsRoom/AttachmentNg/ace73c6f-2a73-4c1d-83e3-601db7c1b1fb

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.

See Also Five stocks we like better than Fidelity National Financial

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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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