Fiscal 2024 Second-Quarter Financial Results
Fiscal 2024 Second-Quarter Financial Results
Record Q2 results driven by strong demand for engineered solutions and MAP 2025 benefits
PERFORMANCE
COATINGS GROUP
Sales
Q2
($ in millions, except margins)
2024
Q2
2023
% Change Sales Components
$374.9
$356.8
+5.1%
Organic
+5.6%
EBIT¹
$60.1
$46.4
+29.5%
STONHARD
carboline
Fibergrate
Structures,
Costines-Linings-Fireproofing
Acquisitions/
Divestitures
-0.5%
Adjusted EBIT¹
$60.9
$47.6
+28.0%
(PR, PRIME RESINS
STRATHMORE KEMTILE
Pesma: reading
о
HUMMERVOLL
JPG INFRASTRUCTURE GFIBREGRID
Dudick INDUSTRIBELEGG
ARNETTE POLYMERS, LLC
A Division of Carboline
amt.
Adjusted EBIT Margin¹
16.2%
13.3%
+290 bps
F/X
0.0%
BISON Innovative Products
COMPOSITES
PLASITE
boliroline
Carboline
Coatings-Linings-Fireproofing
DANGE
RPM
api
SPC
SPECIALTY POLYMER COATINGS
GRUPO
PV
FIRE PROTECTION
SYSTEMS
Record Q2 sales driven by growth in engineered turnkey flooring systems
serving reshoring projects and market share gains
Strong growth in Asia/Pacific and Africa/Middle East, which all recently
aligned under PCG
All-time record adjusted EBIT driven by sales growth, favorable mix and
improved fixed-cost leverage, which was enhanced by MAP 2025
• Growth in addition to strong prior-year results
(1) EBIT, Adjusted EBIT, and Adjusted EBIT Margin are non-GAAP financial measures. Refer to Appendix for
reconciliations between GAAP and non-GAAP measures.
Investor Presentation | Jan. 11, 2024
35View entire presentation