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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 two key appointments effective July 19, 2024. Matthew E. Schlarb has been named vice president – investor relations and sustainability, expanding his current role to oversee RPM's Building a Better World sustainability initiative. Schlarb, who joined RPM in 2022, brings experience in investor relations and sustainability from previous roles at Lottery.com Inc. and Fairmount Santrol.
Paul R. Darwin has been appointed vice president – procurement after 17 years with RPM. Darwin has played a important role in developing RPM's purchasing and global procurement functions, contributing significantly to the company's operational improvement programs. In his new position, Darwin will be responsible for executing RPM's multi-year global procurement strategy and directing corporate procurement activities.
Both appointments aim to strengthen RPM's leadership in investor relations, sustainability, and procurement, supporting the company's growth and operational efficiency initiatives.
RPM International (NYSE: RPM) has declared a regular quarterly cash dividend of $0.46 per share, payable on July 31, 2024, to shareholders of record as of July 17, 2024.
This follows a 10% dividend increase in October 2023, marking RPM's 50th consecutive year of increased dividends.
RPM is among an elite group of less than 0.5% of U.S. publicly traded companies with such a long history of increasing annual dividends. The company has returned approximately $3.5 billion in cash dividends to its shareholders over this period.
RPM International (NYSE: RPM) will release its financial results for the fiscal 2024 fourth quarter and year-end on July 25, 2024, before the market opens. The results will be available on the RPM website. A conference call to discuss the results will follow at 10:00 a.m. Eastern Time, accessible via webcast or phone. Financial analysts may ask questions, while other participants will be in listen-only mode. A replay of the call will be available until August 1, 2024, through the RPM website or by phone using access code 6170685.
DAP Global celebrates its 50th year of manufacturing in Maryland, marking the anniversary with a company picnic where they received a certificate from the Baltimore Chamber of Commerce. Since its establishment in 1974, the Baltimore plant has grown significantly, now a 168,000 square-foot facility employing 180 people. The plant, initially producing oil-based caulks, now manufactures a diverse range of products. It played a important role in relocating the company headquarters to Baltimore in 1998. The company also operates a distribution center in Essex employing 67 people. DAP is committed to community support, donating over 1,200 volunteer hours and $292,000 in 2023 alone.
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