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.
RPM International (NYSE: RPM) has declared a regular quarterly cash dividend of $0.46 per share, payable on July 31, 2024, to shareholders of record as of July 17, 2024.
This follows a 10% dividend increase in October 2023, marking RPM's 50th consecutive year of increased dividends.
RPM is among an elite group of less than 0.5% of U.S. publicly traded companies with such a long history of increasing annual dividends. The company has returned approximately $3.5 billion in cash dividends to its shareholders over this period.
RPM International (NYSE: RPM) will release its financial results for the fiscal 2024 fourth quarter and year-end on July 25, 2024, before the market opens. The results will be available on the RPM website. A conference call to discuss the results will follow at 10:00 a.m. Eastern Time, accessible via webcast or phone. Financial analysts may ask questions, while other participants will be in listen-only mode. A replay of the call will be available until August 1, 2024, through the RPM website or by phone using access code 6170685.
DAP Global celebrates its 50th year of manufacturing in Maryland, marking the anniversary with a company picnic where they received a certificate from the Baltimore Chamber of Commerce. Since its establishment in 1974, the Baltimore plant has grown significantly, now a 168,000 square-foot facility employing 180 people. The plant, initially producing oil-based caulks, now manufactures a diverse range of products. It played a important role in relocating the company headquarters to Baltimore in 1998. The company also operates a distribution center in Essex employing 67 people. DAP is committed to community support, donating over 1,200 volunteer hours and $292,000 in 2023 alone.
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