Rpm Inc Stock Price, News & Analysis

RPM International Inc. (NYSE: RPM) will release its financial results for the fiscal 2021 third-quarter on April 7, 2021, before market opens. Subsequent to the release, management will host a conference call at 10:00 a.m. EDT to discuss the results, accessible via webcast or by phone. A replay will be available later that day. RPM operates in specialty coatings, sealants, and building materials across four segments, employing around 14,600 individuals globally. Further details can be found on the company's website.

RPM International Inc. (NYSE: RPM) announced that its chairman and CEO, Frank C. Sullivan, will present at the Bank of America Merrill Lynch Global Agriculture and Materials Virtual Conference on March 4, 2021, at 1:00 p.m. EST. The presentation will cover topics such as RPM's growth strategy, financial performance, and its 47 consecutive years of dividend increases. A live webcast will be available on RPM's website, with an archived replay accessible for 90 days after the event.

RPM International Inc. (NYSE: RPM) announced the retirement of Thomas S. Gross from its Board of Directors, effective May 31, 2021, after nearly nine years. Gross has been pivotal in advising the company, enhancing its operational efficiency and growth. RPM Chairman Frank C. Sullivan expressed gratitude for Gross’s contributions to the company's success. Under Gross’s tenure, RPM experienced significant increases in revenue and market capitalization, reflecting a strong upward trajectory. RPM operates in specialty coatings, sealants, and building materials, employing approximately 14,600 individuals worldwide.

RPM International Inc. (NYSE: RPM) announced that CEO Frank C. Sullivan will present at the UBS Virtual Chemicals West Coast Mini Conference on February 23, 2021 at 2:00 p.m. EST. The presentation will cover RPM's growth strategy, financial performance, highlighted by 47 consecutive years of dividend increases, capital structure, global operations, and acquisition program. A live webcast will be available on RPM's website, with a replay accessible within three hours post-event for 90 days.

RPM International Inc. (NYSE: RPM) has revised its financial expectations for the fiscal third quarter ended February 28, 2021, citing severe winter weather impacts across the U.S. Previously forecasting mid-single-digit revenue growth and over 30% adjusted EBIT growth, the company now anticipates low single-digit revenue growth and 10% to 15% adjusted EBIT growth. While disruptions have affected transportation and supply chains, RPM notes that most impacted business will likely be deferred to the strong spring selling season starting March 1. An updated full-year outlook will be shared on April 7, 2021.

RPM International (NYSE: RPM) announced it received an unsolicited mini-tender offer from TRC Capital to buy up to 1.5 million shares at $82.50 each, a 5.5% discount to the market price. RPM disassociates itself from this offer, urging stockholders to reject it due to the lower price and lack of investor protections. The offer is contingent on sufficient financing and no decrease in stock price. RPM advises any shareholders who tendered shares to withdraw them before the offer's expiration on March 10, 2021.

RPM International reported record fiscal Q2 2021 results with net sales reaching $1.49 billion, a 6.0% increase year-over-year. Net income surged 65.7% to $127.7 million, and diluted EPS rose 66.1% to $0.98. Adjusted EBIT also climbed 29.7% to $199.3 million. The Consumer Group showed exceptional growth with sales up 21.4% due to increased home improvement projects. Despite challenges in the Performance Coatings segment, overall cash flow rose 93.1% to a record $579.5 million, enhancing liquidity to $1.56 billion.

RPM International Inc. (NYSE: RPM) has declared a quarterly cash dividend of $0.38 per share, payable on January 29, 2021, to stockholders on record as of January 15, 2021. This marks the 47th consecutive year of increased dividends, with a total of approximately $2.6 billion returned to shareholders during this period. Following the last cash dividend increase of 5.6% in October 2020, RPM's current dividend yield stands at 1.68% at a share price of $90.50.

RPM International Inc. will release its financial results for Q2 fiscal 2021 on January 6, 2021, before market opening. The results will be accessible via newswire and the company's website. Management will hold a conference call at 10:00 a.m. EST on the same day for discussion, with limited Q&A for financial analysts. A replay will be available post-call until January 13, 2021. RPM operates in specialty coatings, sealants, and building materials, employing approximately 14,600 individuals globally.