Rpm Inc Stock Price, News & Analysis

RPM International Inc. (NYSE: RPM) will release its financial results for the fiscal 2022 second quarter, ended November 30, 2021, before market opens on January 5, 2022. The results will be available through newswire and on the company's website. A conference call to discuss the results will be hosted at 10:00 a.m. EST on the same day, accessible by phone or webcast. A replay will be available from 1:00 p.m. EST on January 5 until 11:59 p.m. EST on January 12. RPM operates in specialty coatings, sealants, and building materials.

RPM International Inc. (NYSE: RPM) announced that Frank C. Sullivan, chairman and CEO, and Russell L. Gordon, CFO, will present at the Morgan Stanley Virtual Global Chemicals, Agriculture and Packaging Conference on November 10, 2021, at 2:45 p.m. EST. The presentation will cover RPM's growth strategy, financial performance, its impressive track record of 48 consecutive years of dividend increases, capital structure, and global operations. Interested parties can access the live webcast on RPM's website, with an archived replay available for 90 days.

RPM International Inc. has appointed Lee A. Bowers as the new vice president of Environmental, Health, and Safety (EHS), effective December 1. Bowers, who has been with RPM since 1998, will head the center-led EHS initiative, succeeding Kenneth M. Armstrong, who retires on May 31, 2022, after 15 years in the role. Bowers brings extensive experience in compliance programs and regulatory affairs from his previous positions within RPM's Performance Coatings Group. CEO Frank C. Sullivan praised his leadership skills and background in environmental safety.

RPM International Inc. (NYSE: RPM) has appointed Elizabeth F. Whited to its board of directors as of October 22, 2021. Whited, currently the executive vice president and chief human resource officer at Union Pacific Corporation, will also serve on RPM's compensation committee and is set to stand for election at the 2022 annual meeting. With a robust background in management and strategy, her addition is expected to enhance RPM's growth and shareholder value. Whited brings extensive experience from her tenure at Union Pacific since 1987.

RPM International Inc. (NYSE: RPM) has announced the conclusion of its MAP to Growth program, resulting in the elimination of the chief restructuring officer position, previously held by Michael H. Sullivan. The program has successfully generated an annualized savings of approximately $320 million, surpassing the initial target of $290 million. Timothy R. Kinser has been appointed as the new vice president of operations, tasked with overseeing manufacturing and supply chain functions. This transition is expected to enhance operational efficiency across RPM's diverse business segments.

RPM International Inc. announced a quarterly cash dividend of $0.40 per share, marking a 5.3% increase from the previous year. The dividend will be payable on October 29, 2021, to stockholders of record as of October 18, 2021. This increase represents RPM's 48th consecutive year of increased dividends, placing it among less than half of 1 percent of publicly traded U.S. companies. The company has returned approximately $2.8 billion in cash dividends during this period, resulting in a dividend yield of 2.0% at a share price of $81.00.

RPM International reported a record $1.65 billion in consolidated sales for its fiscal 2022 first quarter, a 2.7% increase year-over-year. However, net income fell 25.5% to $134.6 million, with diluted EPS decreasing by 25.2% to $1.04. EBIT also declined 21.4% to $196.8 million, impacted by supply chain issues and inflation. Despite challenges, three of four segments posted growth, with the Construction Products Group achieving a 17.7% sales increase. The outlook anticipates continued inflation and raw material shortages, with expected mid-single-digit sales growth.

RPM International Inc. (NYSE: RPM) will announce its fiscal 2022 first-quarter results for the period ending August 31, 2021, on October 6, 2021, before the market opens. A conference call to discuss the results will occur at 10:00 a.m. EDT the same day, accessible via webcast. A replay will be available from 1:00 p.m. EDT on October 6 until 11:59 p.m. EDT on October 13, 2021. RPM operates in specialty coatings and related services, employing approximately 15,500 worldwide.

RPM International Inc. (NYSE: RPM) will hold its 2021 annual meeting of shareholders virtually on October 7, 2021, at 2:00 p.m. EDT. This decision aims to safeguard the health of investors and employees amid the ongoing Covid-19 pandemic. Shareholders as of August 13, 2021 can participate online, vote, and submit questions during the meeting. Stockholders are encouraged to submit proxies in advance to ensure their votes are counted. The meeting will be available for replay until October 6, 2022.