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DAL delivered Q1 earnings upside at 64 cents versus Street expectations of 57 cents, despite headwinds from higher fuel costs and operational disruptions. Operating revenue hit $14.2 billion against consensus of $14.07 billion, with management highlighting "broad demand strength across corporate and leisure" segments. Domestic unit revenue surged 6% year-over-year with strength across all cabin classes, while international unit revenue grew 5% led by Transatlantic routes. The March quarter marked the first full period of positive unit revenue growth in main cabin since late 2024, reflecting robust demand and continued supply rationalization. For Q2, the company guided EPS to roughly $1.25 at the midpoint (below Street's $1.45) with revenue growth in the low-teens, assuming over $2 billion in fuel expense increases offset partially by approximately $300 million in refinery benefits.
RPM posted significant Q3 earnings upside at 57 cents versus Street expectations of 36 cents, driven by record third-quarter sales of $1.608 billion against consensus of $1.548 billion. The outperformance came from engineered solutions for high-performance buildings, acquisitions, and favorable foreign currency translation, though these gains were partially offset by soft DIY demand. The company reaffirmed prior Q4 guidance alongside the robust margin performance.
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