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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 Inc. (NYSE: RPM) has formed a strategic academic partnership with Cleveland State University (CSU) to offer discounted graduate-level education in environmental studies. The program will launch in Fall 2023, providing opportunities for existing RPM professionals and CSU students. RPM will recruit internship and full-time candidates from CSU, establishing a pipeline for Environmental Health and Safety (EH&S) professionals. CSU is also developing three new online certificate programs in Environmental Management, Engineering, and Sustainability for RPM employees, enhancing the company's workforce development initiatives.
RPM International Inc. (NYSE: RPM) has announced the appointment of Andrew G. Polanco as vice president of manufacturing, succeeding Gordon M. Hyde, who is retiring. Polanco, who joined RPM in 2016, has previously served as vice president of operations for both DAP and RPM Consumer Group. In his new role, he will oversee manufacturing and continuous improvement initiatives across all business segments, focusing on efficiency and sustainability. Hyde, who joined RPM in 1999, was instrumental in the implementation of their manufacturing excellence program. RPM operates in the specialty coatings and building materials sector, employing approximately 16,800 people worldwide.
RPM International reported a strong second-quarter performance for fiscal 2023 with net sales at a record $1.79 billion, up 9.3% year-over-year. Net income rose 5.2% to $131.3 million, while diluted EPS reached $1.02. Adjusted EBIT increased by 36.4% to $214.7 million.
Despite challenges from inflation and currency headwinds, all segments saw record sales. The company anticipates a modest sales growth outlook for Q3 2023 and adjusted EBIT between $75-$85 million, facing pressures from higher interest rates and supply chain normalization.
RPM International Inc. (NYSE: RPM) has declared a quarterly cash dividend of $0.42 per share, payable on January 31, 2023, to stockholders of record as of January 20, 2023. This increase of 5.0% in October 2022 marks RPM's 49th consecutive year of rising dividends, placing it among the top 0.5% of U.S. public companies in this regard. Since the company initiated cash dividends, approximately $3.1 billion has been returned to shareholders, resulting in an annual dividend yield of 1.7% at a share price of $98.00.
RPM International Inc. (NYSE: RPM) will announce its fiscal 2023 second-quarter financial results on January 5, 2023, before market opening. The results will be available via newswire and on the company's website. Management will host a conference call at 10:00 a.m. ET on the same day to discuss these results. The call will be accessible through a webcast, and a replay will be available from January 5 to January 12, 2023.
RPM operates in specialty coatings and building materials across four segments, employing approximately 16,800 individuals globally.
RPM International Inc. (NYSE: RPM) will present at the Morgan Stanley Global Chemicals, Agriculture and Packaging Conference in Boston, MA on November 9, 2022, starting at 1:15 PM EST. A live webcast will be available on RPM's website, with an archived replay accessible for six months post-event. RPM is a leader in specialty coatings and related services, operating through four segments: consumer, construction products, performance coatings, and specialty products. The company employs around 16,800 people globally.
RPM International Inc. (NYSE: RPM) has announced a quarterly cash dividend of
RPM International reported a record first-quarter net sales increase of 17.1% to $1.93 billion, with net income up 25.6% to $169.0 million. The company achieved a record diluted EPS of $1.31 and adjusted EPS of $1.47. EBIT rose 29.8% to $255.5 million, while adjusted EBIT increased 33.1% to $275.3 million. For Q2 fiscal 2023, RPM expects sales growth of 9% to 12% and adjusted EBIT growth of 30% to 40%. Strong performance was driven by improved material supply and effective pricing management across all segments.
RPM International Inc. (NYSE: RPM) will announce its fiscal 2023 first quarter financial results on October 5, 2022, before market opening. A conference call will follow at 10:00 a.m. EDT to discuss the results, accessible via webcast or by phone. An investor day is scheduled for October 7, 2022, focusing on MAP 2025 and sustainability initiatives. Replays for both events will be available. RPM operates through various segments, offering specialty coatings and building materials, with a workforce of approximately 16,800 globally.
RPM International Inc (NYSE: RPM) released its 2022 Summary Annual Report today, unveiling its MAP 2025 operational initiative aimed at enhancing growth and efficiency. The plan, succeeding the 2020 MAP to Growth, sets ambitious targets, including $8.5 billion in annual revenue, a 42% gross margin, and a 16% adjusted EBIT margin by May 31, 2025. An Investor Day is scheduled for October 7, 2022, to elaborate on MAP 2025 and sustainability initiatives. Chairman and CEO Frank C. Sullivan emphasized that this plan builds on previous successes to strengthen the company.
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