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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 reported a record $1.65 billion in consolidated sales for its fiscal 2022 first quarter, a 2.7% increase year-over-year. However, net income fell 25.5% to $134.6 million, with diluted EPS decreasing by 25.2% to $1.04. EBIT also declined 21.4% to $196.8 million, impacted by supply chain issues and inflation. Despite challenges, three of four segments posted growth, with the Construction Products Group achieving a 17.7% sales increase. The outlook anticipates continued inflation and raw material shortages, with expected mid-single-digit sales growth.
RPM International Inc. (NYSE: RPM) will announce its fiscal 2022 first-quarter results for the period ending August 31, 2021, on October 6, 2021, before the market opens. A conference call to discuss the results will occur at 10:00 a.m. EDT the same day, accessible via webcast. A replay will be available from 1:00 p.m. EDT on October 6 until 11:59 p.m. EDT on October 13, 2021. RPM operates in specialty coatings and related services, employing approximately 15,500 worldwide.
RPM International Inc. (NYSE: RPM) will hold its 2021 annual meeting of shareholders virtually on
RPM International Inc. announced that board member Frederick R. Nance has been named to Savoy Magazine's 2021 Most Influential Black Corporate Directors list. Nance has been with RPM since 2007 and chairs its governance committee. Under his leadership, RPM's sales grew by 83% to $6.1 billion, and net income rose 141% to $502.6 million. Nance is the global managing partner at Squire Patton Boggs and has extensive legal and management experience, serving on various boards including the Greater Cleveland Partnership.
RPM International Inc. has acquired a 178,000-square-foot chemical manufacturing facility in Corsicana, Texas, from ChampionX Corporation. This facility will be utilized by RPM's Tremco Construction Products Group to expand production capacity for high-growth product lines and enhance operational efficiencies. The acquisition includes plans to retain over 80 existing employees and potentially hire more in the future. CEO Frank C. Sullivan emphasized the strategic benefits of the purchase, which allows RPM to avoid the costs and environmental impacts associated with constructing a new plant.
RPM International Inc. (NYSE: RPM) announced the promotion of Bill Spaulding to president of the RPM Consumer Group, effective September 1, succeeding retiring Terry Horan. Spaulding has a 22-year history at Rust-Oleum, recently serving as president of North America. Jeff Ackerberg will take over as president of Rust-Oleum, while Mark Heird will lead DAP Products. The leadership changes aim to enhance growth and profitability within the Consumer Group, reflecting the company's commitment to internal talent development. RPM operates in specialty coatings and building materials.
RPM International Inc. announced the acquisition of Pure Air Control Services, a Florida-based provider of indoor air quality solutions, with annual net sales of approximately $10 million. The acquisition aims to enhance RPM's Tremco Construction Products Group by integrating Pure Air's expertise in environmental consulting, building diagnostics, and HVAC system cleaning. The move is expected to strengthen market penetration through synergies and the company's robust operational infrastructure.
RPM International has appointed Mark T. Rankin as vice president of global systems, effective July 22. Rankin, who has been with the company for over 18 years, will oversee system implementations, data analytics, and global software strategies while continuing his role in digital transformation. He previously served as senior director of global systems and vice president of information technology at RPM’s Specialty Products Group. Chairman Frank C. Sullivan emphasized Rankin's leadership as crucial for the company's growth and stakeholder value.
RPM International announced that Michael J. Laroche will take over as vice president, controller, and chief accounting officer effective November 1, succeeding Keith Smiley, who is retiring. Laroche has been with RPM since 2016, serving in various financial roles, including CFO of the Specialty Products Group. During his tenure, he enhanced reporting and analysis capabilities, particularly during the challenges posed by the Covid pandemic. Smiley has been with RPM for nearly 30 years, contributing to significant revenue growth from $550 million to $6.1 billion.
RPM International reported robust fiscal 2021 results, with net sales at $6.1 billion, up 10.9%. Net income surged 65% to $502.6 million, while cash flow climbed 40% to a record $766.2 million. Fourth-quarter net sales reached $1.74 billion, marking a 19.6% increase, and diluted EPS rose 42.9% to $1.20. The company concluded its MAP to Growth initiative, yielding $320 million in annualized cost savings. Despite facing inflationary pressures and supply chain constraints, RPM anticipates continued growth across most segments, particularly Construction Products and Performance Coatings.
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