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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. has appointed Bryan R. Gillette as vice president – internal audit and chief audit executive, effective July 19, 2022. Gillette, who has led the Global Internal Audit team since 2019, is tasked with managing all internal audit activities, including financial audits and compliance assessments, according to the Sarbanes-Oxley Act. His prior experience includes positions at The Goodyear Tire & Rubber Company. CEO Frank C. Sullivan praised Gillette's contributions to enhancing internal audit processes and accountability across the company.
RPM International Inc. has appointed General (retired) Ellen Pawlikowski to its Board of Directors, effective July 18, 2022. Pawlikowski, a distinguished leader with extensive experience in strategic planning and program management, will stand for election at the upcoming annual meeting. She previously served as a four-star general in the U.S. Air Force, overseeing significant weapon system acquisitions. Frank C. Sullivan, RPM's chairman and CEO, emphasized that her expertise will be a valuable asset for the company's growth and stakeholder value.
RPM International Inc. has declared a quarterly cash dividend of $0.40 per share, payable on July 29, 2022, for stockholders on record by July 15, 2022. This marks the 48th consecutive year of increasing dividends, with a previous increase of 5.3% in October 2021. RPM has returned approximately $2.8 billion in cash dividends to its shareholders during this period. At a share price of $80.00, RPM's dividend yield stands at 2.0%.
RPM International Inc. (NYSE: RPM) will announce its financial results for the fiscal 2022 fourth quarter and year ended May 31, 2022, on July 25, 2022, before market opening. The results will be available via newswire and on www.RPMinc.com. A conference call will be held at 10:00 a.m. EDT the same day for discussion, accessible through a webcast or by phone. A replay will be available after the call. RPM operates globally in specialty coatings and building materials, employing approximately 16,800 individuals.
RPM International Inc. (NYSE: RPM) will present at the Wells Fargo Industrials Conference on May 4, 2022, at 2:40 p.m. EDT, led by CFO Russell L. Gordon and VP Michael J. Laroche. The presentation will cover RPM's growth strategy, financial performance, including 48 consecutive years of dividend increases, and its global operations and acquisition program. A live webcast will be available on RPM's website, with an archived replay for one year.
RPM International reported record third-quarter sales of $1.43 billion, a 13% year-over-year increase. However, net income fell to $33.0 million, a 13.7% decrease from the prior year. The diluted EPS was $0.25, down 13.8% year-over-year. Record EBIT reached $66.9 million, up 2.3% from last year, while adjusted EBIT was $80.6 million, a 0.8% increase. For Q4, RPM anticipates sales growth in the low teens and faces challenges from inflation and supply chain issues.
RPM International Inc. (NYSE: RPM) declared a quarterly cash dividend of $0.40 per share, payable on April 29, 2022, to stockholders of record as of April 14, 2022. This marks the company's 48th consecutive year of increasing cash dividends, with a 5.3% increase in October 2021. RPM has returned approximately $2.8 billion in cash dividends since then, resulting in a dividend yield of 1.96% at a share price of $81.50.
RPM International Inc. (NYSE: RPM) will release its financial results for the fiscal 2022 third quarter ended February 28, 2022, on April 6, 2022, before market opens. A conference call will take place at 10:00 a.m. EDT on the same day to discuss results. The call will be accessible via webcast and telephone. The replay will be available from 1:00 p.m. EDT on April 6 until 11:59 p.m. EDT on April 13, 2022. RPM operates across four segments: consumer, construction products, performance coatings, and specialty products, with a diverse portfolio of leading brands.
RPM International Inc. has announced the sale of $300 million in 2.950% notes maturing in 2032, set to close on January 25, 2022. The offering, underwritten by BofA Securities and Goldman Sachs, will generate approximately $296.2 million in net proceeds. These funds will primarily be used to reduce outstanding borrowings under RPM's revolving credit facility and for general corporate purposes. The issuance is registered under the Securities Act of 1933 and complies with SEC regulations.
RPM International reported record second-quarter sales of $1.64 billion, a 10.3% increase year-over-year. Despite strong sales growth in three of its four operating segments, net income fell 2.2% to $124.9 million. Diluted EPS decreased 2.0% to $0.96. Adjusted diluted EPS was $0.79, down 25.5% compared to the previous year. The company anticipates continued demand but expects a 5% to 15% decline in adjusted EBIT for the upcoming third quarter due to ongoing supply chain disruptions and inflationary pressures.
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