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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. (NYSE: RPM) will announce its financial results for fiscal 2023's third quarter on April 6, 2023, before the market opens. The announcement will be available on the company's website. A conference call to discuss these results is scheduled for 10:00 a.m. Eastern Time the same day. Interested parties can join via webcast or by phone. A replay of the call will be accessible from April 6 to April 13, 2023. RPM operates in specialty coatings and related services, employing approximately 16,800 individuals globally, and is known for its leading brands like Rust-Oleum and DAP.
RPM International Inc. (NYSE: RPM) has formed a strategic academic partnership with Cleveland State University (CSU) to offer discounted graduate-level education in environmental studies. The program will launch in Fall 2023, providing opportunities for existing RPM professionals and CSU students. RPM will recruit internship and full-time candidates from CSU, establishing a pipeline for Environmental Health and Safety (EH&S) professionals. CSU is also developing three new online certificate programs in Environmental Management, Engineering, and Sustainability for RPM employees, enhancing the company's workforce development initiatives.
RPM International Inc. (NYSE: RPM) has announced the appointment of Andrew G. Polanco as vice president of manufacturing, succeeding Gordon M. Hyde, who is retiring. Polanco, who joined RPM in 2016, has previously served as vice president of operations for both DAP and RPM Consumer Group. In his new role, he will oversee manufacturing and continuous improvement initiatives across all business segments, focusing on efficiency and sustainability. Hyde, who joined RPM in 1999, was instrumental in the implementation of their manufacturing excellence program. RPM operates in the specialty coatings and building materials sector, employing approximately 16,800 people worldwide.
RPM International reported a strong second-quarter performance for fiscal 2023 with net sales at a record $1.79 billion, up 9.3% year-over-year. Net income rose 5.2% to $131.3 million, while diluted EPS reached $1.02. Adjusted EBIT increased by 36.4% to $214.7 million.
Despite challenges from inflation and currency headwinds, all segments saw record sales. The company anticipates a modest sales growth outlook for Q3 2023 and adjusted EBIT between $75-$85 million, facing pressures from higher interest rates and supply chain normalization.
RPM International Inc. (NYSE: RPM) has declared a quarterly cash dividend of $0.42 per share, payable on January 31, 2023, to stockholders of record as of January 20, 2023. This increase of 5.0% in October 2022 marks RPM's 49th consecutive year of rising dividends, placing it among the top 0.5% of U.S. public companies in this regard. Since the company initiated cash dividends, approximately $3.1 billion has been returned to shareholders, resulting in an annual dividend yield of 1.7% at a share price of $98.00.
RPM International Inc. (NYSE: RPM) will announce its fiscal 2023 second-quarter financial results on January 5, 2023, before market opening. The results will be available via newswire and on the company's website. Management will host a conference call at 10:00 a.m. ET on the same day to discuss these results. The call will be accessible through a webcast, and a replay will be available from January 5 to January 12, 2023.
RPM operates in specialty coatings and building materials across four segments, employing approximately 16,800 individuals globally.
RPM International Inc. (NYSE: RPM) will present at the Morgan Stanley Global Chemicals, Agriculture and Packaging Conference in Boston, MA on November 9, 2022, starting at 1:15 PM EST. A live webcast will be available on RPM's website, with an archived replay accessible for six months post-event. RPM is a leader in specialty coatings and related services, operating through four segments: consumer, construction products, performance coatings, and specialty products. The company employs around 16,800 people globally.
RPM International Inc. (NYSE: RPM) has announced a quarterly cash dividend of $0.42 per share, marking a 5.0% increase from last year's payment of $0.40. This dividend, payable on October 31, 2022, to stockholders of record by October 17, 2022, represents the company's 49th consecutive year of increased cash dividends. RPM has returned approximately $3.1 billion in dividends over this period, with an annual yield of 2.0% at a share price of $84.00.
RPM International reported a record first-quarter net sales increase of 17.1% to $1.93 billion, with net income up 25.6% to $169.0 million. The company achieved a record diluted EPS of $1.31 and adjusted EPS of $1.47. EBIT rose 29.8% to $255.5 million, while adjusted EBIT increased 33.1% to $275.3 million. For Q2 fiscal 2023, RPM expects sales growth of 9% to 12% and adjusted EBIT growth of 30% to 40%. Strong performance was driven by improved material supply and effective pricing management across all segments.
RPM International Inc. (NYSE: RPM) will announce its fiscal 2023 first quarter financial results on October 5, 2022, before market opening. A conference call will follow at 10:00 a.m. EDT to discuss the results, accessible via webcast or by phone. An investor day is scheduled for October 7, 2022, focusing on MAP 2025 and sustainability initiatives. Replays for both events will be available. RPM operates through various segments, offering specialty coatings and building materials, with a workforce of approximately 16,800 globally.