Rpm Inc Stock Price, News & Analysis

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.

RPM International Inc. (NYSE: RPM) has announced the retirement of Edward W. Moore, Senior Vice President, General Counsel, and Chief Compliance Officer, by the end of 2024. Tracy D. Crandall, currently Vice President - Compliance and Sustainability and Associate General Counsel, will succeed Moore as Vice President, General Counsel, and Chief Compliance Officer effective October 4, 2024.

Moore, who joined RPM in 2006, has overseen the legal and compliance department as the company grew from $3 billion to over $7 billion in revenue. Crandall, who joined RPM in 2010, has been instrumental in leading the company's global sustainability initiative. Frank C. Sullivan, RPM Chairman and CEO, praised Moore's leadership and expressed confidence in Crandall's ability to continue driving legal oversight across RPM.

RPM International Inc. (NYSE: RPM) has announced a 10.9% increase in its quarterly cash dividend, marking the 51st consecutive year of dividend growth. The new dividend of $0.51 per share will be payable on October 31, 2024, to stockholders of record as of October 18, 2024. This achievement places RPM among an elite group of less than 0.5% of all publicly traded U.S. companies.

At the annual stockholders meeting, three directors were re-elected for one-year terms, and the board's classification will be phased out over the next three annual meetings. The company also announced that John M. Ballbach and Kirkland B. Andrews will be stepping down from the board of directors.

RPM reported record fiscal 2025 Q1 results with net income of $227.7 million, diluted EPS of $1.77, and EBIT of $303.9 million. Adjusted diluted EPS rose 12.2% to $1.84, and adjusted EBIT increased 6.3% to $328.3 million. Net sales fell 2.1% to $1.97 billion. Operating cash flow was $248.1 million. The fiscal 2025 Q2 outlook predicts flat sales growth and mid-single digit adjusted EBIT growth. Full-year guidance remains at low-single digit revenue growth and mid-single to low-double digit adjusted EBIT growth.

Segment highlights: CPG saw 1.4% sales growth, PCG had a 1.8% sales decline, SPG experienced a 3.5% sales decrease, and Consumer Group sales dropped 6.1%. Geographic sales varied, with declines in North America and Europe, and growth in Asia/Pacific and Africa/Middle East. Operating expenses decreased due to MAP 2025 initiatives.

RPM reduced total debt by $453.1 million, ending the quarter with $2.05 billion in debt and $1.44 billion in liquidity. The company returned $76.4 million to shareholders through dividends and share repurchases.

RPM International Inc. (NYSE: RPM) has announced that it will release its fiscal 2025 first-quarter financial results on Wednesday, October 2, 2024, before the stock market opens. The company will host a conference call at 10:00 a.m. Eastern Time on the same day to discuss the results. The call will be accessible via webcast on RPM's website or by dialing in. While the call is open to the public, only financial analysts will be permitted to ask questions. For those unable to attend, a replay will be available from October 2 to October 9, 2024. The financial results will be available on RPM's website and distributed via newswire.