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RPM International, Inc. - RPM STOCK NEWS

Welcome to our dedicated page for RPM International news (Ticker: RPM), a resource for investors and traders seeking the latest updates and insights on RPM International stock.

RPM International Inc. (NYSE: RPM) is a global leader in specialty coatings, sealants, building materials, and related services for both industrial and consumer markets. With a legacy of innovation and quality, RPM's diverse portfolio includes industrial products like roofing systems, corrosion control coatings, flooring solutions, and specialty chemicals. Their well-known industrial brands include Stonhard, Tremco, Illbruck, Carboline, Flowcrete, Day-Glo, Dryvit, and Euclid Chemical.

On the consumer side, RPM caters to professionals and DIY enthusiasts with products for home maintenance, improvement, and hobby projects. Popular consumer brands under RPM's umbrella include Rust-Oleum, DAP, Zinsser, Varathane, and Testors. These products are readily available in hardware and craft stores, making them accessible to a broad audience.

RPM operates 116 manufacturing facilities in 26 countries, employing approximately 13,000 people globally. Its extensive reach ensures that RPM's products are sold in around 170 countries and territories, highlighting their international presence and market penetration.

Financially, RPM has demonstrated robust performance. In the fiscal year 2015, the company reported sales of $4.6 billion, with 65% of that coming from industrial markets worldwide and the remaining 35% from consumer markets, primarily in North America. RPM continues to foster growth through strategic partnerships, innovative projects, and a commitment to quality and sustainability.

Organizationally, RPM is segmented into four major groups:

  • The Construction Products Group sells coatings, roofing, insulation, and related products to distributors, contractors, and end consumers globally.
  • The Performance Coatings Group specializes in coatings for construction and industrial applications, such as flooring and corrosion control.
  • The Consumer Group focuses on paints, finishes, and similar products sold to individual consumers through retail channels.
  • The Specialty Products Group offers a diverse array of niche products, including marine finishes and edible food colorings.

RPM's commitment to innovation, quality, and customer satisfaction makes it a significant player in both the industrial and consumer markets, continuously driving forward with new projects and partnerships.

News

RPM Reports Record Fiscal 2024 Third-Quarter Results

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RPM International Inc. reports record third-quarter net sales of $1.52 billion, a 0.4% increase from the prior year, along with record net income, diluted EPS, and EBIT. The company's adjusted diluted EPS increased by 40.5% over the previous year, with adjusted EBIT up by 31.3%. The fiscal 2024 outlook calls for flat sales and high-single-digit adjusted EBIT growth in the fourth quarter, and revenue growth near the midpoint of the previous outlook for the full year.
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RPM Declares Quarterly Dividend

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RPM International Inc. (RPM) declares a quarterly dividend of $0.46 per share, marking its 50th consecutive year of increased cash dividends. The company has paid out $3.4 billion in dividends, placing it among the top U.S. companies for dividend consistency.
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RPM to Announce Fiscal 2024 Third-Quarter Results on April 4, 2024

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RPM International Inc. (NYSE: RPM) will release its fiscal 2024 third quarter financial results on April 4, 2024. The results will be available on the RPM website and via newswire. A conference call will follow at 10:00 a.m. Eastern Time for financial analysts to ask questions.
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RPM Opens Innovation Center of Excellence

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RPM International Inc. (NYSE: RPM) has opened its new Innovation Center of Excellence in Greensboro, North Carolina. The 60,000-square-foot facility is the first shared research and development center for RPM companies, fostering partnership and collective expertise to accelerate customer-focused innovation. The center is part of the increased collaboration developed through MAP 2025 initiatives. It features liquid and powder application labs, resin and analytical labs, a sample production area, and a formulation lab, among other resources. The center will also serve as a destination for onsite customer training and application trials.
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RPM Reports Record Fiscal 2024 Second-Quarter Results

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RPM International Inc. (NYSE: RPM) reported record second-quarter net sales of $1.79 billion, with net income of $145.5 million and diluted EPS of $1.13. Adjusted diluted EPS increased by 10.9% to $1.22, and adjusted EBIT increased by 10.4% to $236.9 million. The company's fiscal 2024 outlook calls for flat sales in the third quarter and low-single digits revenue growth for the full year, with adjusted EBIT growth in the low-double digits to mid-teens.
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RPM Declares Quarterly Dividend

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RPM International Inc. (NYSE: RPM) has declared a regular quarterly cash dividend of $0.46 per share, payable on January 31, 2024, to stockholders of record as of January 19, 2024. The company recently increased its cash dividend by 10% in October 2023, marking its 50th consecutive year of increased cash dividends paid to stockholders. RPM is in an elite category, with less than half of 1 percent of all publicly traded U.S. companies having achieved this. Only 41 other U.S. companies have consecutively paid an increasing annual dividend for a longer period of time, according to Dividend Radar. The company has returned approximately $3.3 billion in cash dividends to its stockholders.
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RPM to Announce Fiscal 2024 Second-Quarter Results on January 4, 2024

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RPM International Inc. (NYSE: RPM) will release its financial results for the fiscal 2024 second quarter before the stock market opens on Thursday, January 4, 2024. The results will be available on the RPM website and a conference call will be held to discuss the results. The call will be open to the public, but only financial analysts will be permitted to ask questions.
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RPM Increases Cash Dividend for 50th Consecutive Year

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RPM International Inc. announces 10% increase in quarterly cash dividend
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RPM Reports Record Fiscal 2024 First-Quarter Results

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RPM International Inc. reports record first-quarter net sales of $2.01 billion, a 4.1% increase over the prior year. Adjusted diluted EPS increased by 11.6% to $1.64. First-quarter outlook calls for sales growth of low-single digits and adjusted EBIT growth of high-single to low-double digits. Construction markets were standout performers. Fiscal 2024 full-year outlook remains unchanged with sales growth of mid-single digits and adjusted EBIT growth of low-double digits to mid-teens.
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RPM Acquires Leading Panelized Wall Systems Fabrication Business

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RPM International Inc. acquires NOW Specialties' wall system fabrication segment, expanding Tremco CPG's offerings and strengthening its value proposition. The Fabrication Business has annual net sales of approximately $20 million. Terms of the transaction were not disclosed. NOW's installation business was not part of the acquisition.
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FAQ

What is the current stock price of RPM International (RPM)?

The current stock price of RPM International (RPM) is $134.44 as of November 20, 2024.

What is the market cap of RPM International (RPM)?

The market cap of RPM International (RPM) is approximately 17.2B.

What does RPM International Inc. do?

RPM International Inc. is a global leader in specialty coatings, sealants, building materials, and related services for both industrial and consumer markets.

What are some of RPM's well-known industrial brands?

RPM's industrial brands include Stonhard, Tremco, Illbruck, Carboline, Flowcrete, Day-Glo, Dryvit, and Euclid Chemical.

Which consumer brands does RPM International Inc. own?

RPM owns consumer brands such as Rust-Oleum, DAP, Zinsser, Varathane, and Testors.

How many people does RPM International Inc. employ?

RPM International Inc. employs approximately 13,000 people worldwide.

In how many countries does RPM operate?

RPM operates in around 170 countries and territories.

What were RPM's sales in the fiscal year 2015?

RPM reported sales of $4.6 billion in the fiscal year 2015.

What percentage of RPM's sales comes from industrial markets?

65% of RPM's sales come from industrial markets worldwide.

What are the segments of RPM International Inc.'s business?

RPM's business is segmented into Construction Products Group, Performance Coatings Group, Consumer Group, and Specialty Products Group.

Where can I find RPM's consumer products?

RPM's consumer products are available in hardware and craft stores.

What makes RPM International Inc. significant?

RPM's commitment to innovation, quality, and customer satisfaction makes it a significant player in both industrial and consumer markets.

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RPM International, Inc.

NYSE:RPM

RPM Rankings

#608 Ranked by Market Cap
#1562 Ranked by Dividends

RPM Stock Data

17.18B
127.09M
1.23%
83.1%
0.85%
Specialty Chemicals
Paints, Varnishes, Lacquers, Enamels & Allied Prods
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