Rpm Inc - RPM STOCK NEWS

RPM International Inc. (NYSE:RPM) has announced a definitive agreement to acquire Star Brands Group, the UK-based parent company of The Pink Stuff, for its Rust-Oleum subsidiary. The Pink Stuff, known for its cleaning paste and vibrant branding, will join RPM's Consumer Group.

The acquisition targets a combined $12 billion cleaners market in the U.S. and Europe, with expected mid-single digit growth. The Pink Stuff generated approximately £150 million in net sales for calendar year 2024. The deal enhances Rust-Oleum's cleaners portfolio, which includes brands like Krud Kutter, Mean Green, Whink, and Concrobium.

The transaction is expected to close in late Q4 fiscal 2025 or early Q1 fiscal 2026. Star Brands' current management team, including Co-Managing Directors Henrik Pade and Tim North, will remain to ensure continuity and growth.

RPM International (NYSE: RPM) has declared a quarterly cash dividend of $0.51 per share, payable on April 30, 2025, to stockholders of record as of April 17, 2025. The company's most recent dividend increase of 11% in October 2024 marked its 51st consecutive year of increased cash dividends to stockholders.

This achievement positions RPM among an elite group representing less than 0.5% of all publicly traded U.S. companies. According to Dividend Radar, only 41 other U.S. companies have maintained a longer streak of consecutive annual dividend increases. Throughout this period, RPM has distributed approximately $3.6 billion in cash dividends to its shareholders.

Mean Green, a Rust-Oleum brand, has launched its Refillable Ultra Powered Concentrate nationwide, featuring a patent-pending dual-chamber design for effortless mixing of concentrate and tap water. The product has earned recognition as 'Best Concentrate' in the 2025 Better Homes & Gardens Clean House Awards.

The innovative cleaning system includes three variants: Multi-Purpose Cleaner (removes 100% of grease), Bathroom Cleaner (eliminates 100% of soap scum), and Glass Cleaner (streak-free, ammonia-free). Each refillable bottle equals four traditional 28-ounce bottles of non-concentrated cleaner, reducing plastic waste while maintaining cleaning efficacy.

The products feature plant- and mineral-derived ingredients, are EPA Safer Choice certified, and incorporate recyclable materials, demonstrating Rust-Oleum's commitment to sustainable innovation.

RPM International (NYSE: RPM) has scheduled the release of its fiscal 2025 third-quarter financial results for Tuesday, April 8, 2025, before market opening. The company will host a conference call at 10:00 a.m. Eastern Time on the same day to discuss the results.

The conference call will be accessible via webcast on RPM's website and by phone. While open to the public, only financial analysts will be permitted to ask questions, with media and other participants in listen-only mode. A replay will be available from April 8 to April 15, 2025, accessible through both phone and the company's website.

Rust-Oleum has launched its innovative Low Odor Premium Spray Paint, featuring a 40% reduction in odor compared to their Painter's Touch 2X Ultra Cover solvent-based spray paint. The new water-based formula combines enhanced user comfort with high performance.

Key features include:

• One-hour touch-dry time and four-hour handling time
• No waiting between coats required
• Compatible with wood, metal, glass, ceramic, and most plastics
• Available in 11 glossy colors and 9 matte finishes
• Spray-any-way valve and fan-shaped tip for smooth application
• Easy soap and water cleanup while wet

The product is now available at select retailers nationwide and online, targeting both professional and novice users with its improved painting experience.

RPM International reported record financial results for fiscal 2025 second quarter with sales reaching $1.85 billion, up 3.0% year-over-year. The company achieved record net income of $183.2 million and record diluted EPS of $1.42.

Sales growth was driven by higher volumes across all four segments, with businesses leveraging their focus on repair and maintenance. The company's MAP 2025 initiatives led to improved profitability, particularly in Europe. Sales included 3.7% organic growth, offset slightly by a 0.1% decline from divestitures and a 0.6% decline from foreign currency translation.

For fiscal 2025 third-quarter outlook, RPM expects flat sales and adjusted EBIT to fluctuate in the low-single-digits. The full-year outlook maintains low-single-digit sales growth with adjusted EBIT growth narrowed to 6-10%.

RPM International (NYSE: RPM) has announced a quarterly cash dividend of $0.51 per share, payable on January 31, 2025, to stockholders of record as of January 17, 2025. The company's recent dividend increase of 11% in October 2024 marked its 51st consecutive year of increased cash dividends, positioning RPM among an elite group of less than 0.5% of all publicly traded U.S. companies. Only 41 other U.S. companies have maintained a longer streak of consecutive annual dividend increases. Throughout this period, RPM has distributed approximately $3.6 billion in cash dividends to shareholders.

RPM International (NYSE: RPM) has scheduled its fiscal 2025 second-quarter financial results announcement for January 7, 2025, before market open. Management will host a conference call at 10:00 a.m. Eastern Time to discuss the results. While the call will be open to the public, only financial analysts will be permitted to ask questions. A replay will be available from January 7-14, 2025, accessible via phone and the company's website.

RPM International announced the acquisition of TMP Convert SAS (TMPC), a French manufacturer of outdoor design and landscape products, to be integrated into its Fibergrate Structures business within the Performance Coatings Group. TMPC, with annual net sales of €35 million, produces JOUPLAST® and OCAPE® branded adjustable and fixed pedestals for flooring and roofing applications. The acquisition complements Fibergrate's Bison business in composite pedestals and decking solutions. Thierry Convert will continue leading TMPC's team, focusing on growth with Bison. The deal strengthens RPM's presence in European markets and aligns with their sustainability program through TMPC's use of recycled materials.