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RPM International Inc. reports developments tied to its specialty coatings, sealants, building materials and related services businesses. The company operates through consumer, construction products and performance coatings segments, with brands including Rust-Oleum, DAP, Zinsser, Varathane, The Pink Stuff, Stonhard, Carboline, Tremco, Euclid Chemical, Dryvit and Nudura.
Recurring RPM news covers fiscal-quarter and year-end results, segment sales and earnings, MAP operational improvement initiatives, facility and distribution transitions, acquired-business integration, product rationalization, dividends, and governance or leadership changes. Updates also describe demand trends across consumer, construction and industrial end markets and the company’s capital-return practices.
RPM International Inc. has announced that Russell L. Gordon, the CFO, will present at the 9th Annual Morgan Stanley Virtual Global Chemicals and Agriculture Conference on November 10, 2020, at 12:45 p.m. EST. The presentation will highlight RPM's growth strategy, financial performance, including 47 consecutive years of dividend increases, and its global operations.
A live webcast of the presentation will be available on RPM's website, with an archived replay accessible for 90 days post-event.
RPM International Inc. (NYSE: RPM) announced a quarterly cash dividend of $0.38 per share at its annual stockholders meeting, payable on October 30, 2020, to shareholders of record as of October 19, 2020. This represents a 5.6% increase from the previous year's $0.36 dividend. This dividend marks the 47th consecutive year of increased cash dividends, placing RPM among less than 0.5% of publicly traded U.S. companies. The company has distributed approximately $2.6 billion to shareholders over this period, resulting in a 1.8% dividend yield.
RPM International reported a 9.1% increase in net sales for Q1 fiscal 2021, reaching a record $1.61 billion, up from $1.47 billion a year ago. Net income surged 70.1% to $180.6 million, with diluted EPS rising 69.5% to $1.39. Key growth was driven by the Construction Products and Consumer Groups. Despite a 12.6% decrease in the Performance Coatings Group, overall earnings before interest and taxes (EBIT) rose 51.0% to $250.4 million. The company anticipates low- to mid-single-digit sales growth for Q2 and strong EBIT growth exceeding 20%.