Rpm Inc Stock Price, News & Analysis

RPM International reported robust fiscal 2021 results, with net sales at $6.1 billion, up 10.9%. Net income surged 65% to $502.6 million, while cash flow climbed 40% to a record $766.2 million. Fourth-quarter net sales reached $1.74 billion, marking a 19.6% increase, and diluted EPS rose 42.9% to $1.20. The company concluded its MAP to Growth initiative, yielding $320 million in annualized cost savings. Despite facing inflationary pressures and supply chain constraints, RPM anticipates continued growth across most segments, particularly Construction Products and Performance Coatings.

RPM International has declared a quarterly cash dividend of $0.38 per share, payable on July 30, 2021, to stockholders of record as of July 15, 2021. This marks the 47th consecutive year of dividend increases, with the last increase being 5.6% in October 2020. RPM has returned approximately $2.6 billion in cash dividends to stockholders during this period. Currently, RPM's dividend yield at a share price of $90 stands at 1.69%.

RPM International Inc. (NYSE: RPM) will release its fiscal 2021 fourth quarter and year financial results on July 26, 2021, before market opens. Results will be available via newswire and on the company's website, www.RPMinc.com. A conference call is scheduled at 10:00 a.m. EDT to discuss the results, accessible via webcast or phone, with replay available post-call. RPM operates in specialty coatings and building materials across four segments, employing around 14,600 individuals globally.

RPM International Inc. has appointed American Stock Transfer & Trust Company, LLC as its new stock transfer agent and registrar effective immediately. This change does not require any action from stockholders at this time. RPM operates through four main segments including consumer and construction products, and holds a diverse portfolio of well-known brands such as Rust-Oleum and DAP, employing approximately 14,600 people globally. The transition aims to enhance service quality for RPM's common stock shareholders.

RPM International Inc. (NYSE: RPM) announced the acquisition of Dudick Inc., a manufacturer of high-performance coatings and linings, for undisclosed terms. Dudick, based in Ohio, has annual net sales of approximately $10 million. This acquisition will enhance Carboline, a subsidiary of RPM, by strengthening its presence in the secondary containment linings market. RPM aims to leverage Dudick's established reputation to expand sales opportunities globally. The deal aligns with RPM's strategy to bolster its Performance Coatings Group.

RPM International Inc. (NYSE: RPM) has returned to the Fortune 500 list, ranking 489 with approximately $5.5 billion in revenue for fiscal year ending May 31, 2020. CEO Frank C. Sullivan attributes this achievement to the dedication of its 15,000 employees and a surge in DIY projects during the COVID-19 pandemic. RPM anticipates growth in its industrial sector, which constitutes 65% of its revenue, fueled by vaccine distribution and infrastructure developments. The company emphasizes its strategic MAP to Growth program as a key driver for future success.

RPM International Inc. (NYSE: RPM) has announced that Russell L. Gordon, the company's vice president and chief financial officer, will present at the Wells Fargo Virtual Industrial Conference on May 6, 2021, at 2:40 p.m. EDT. The presentation will cover RPM's growth strategy, financial performance, and their notable achievement of 47 consecutive years of dividend increases. A live webcast will be available on RPM's website, and a replay will be accessible within three hours of the presentation, remaining available for 90 days.

RPM International, a leader in specialty coatings, reported fiscal Q3 2021 results with net sales of $1.27 billion, up 8.1% year-over-year. Net income surged 222.6% to $38.2 million with diluted EPS of $0.29. EBIT rose 48.2% to $65.4 million. Despite challenges from winter storm Uri impacting operations, three of four segments saw significant sales growth. The company expects continued inflationary pressures but anticipates double-digit sales growth in Q4. Year-to-date, cash flow improved by $270.7 million, signaling strong operational performance.

RPM International Inc. (NYSE: RPM) declared a quarterly cash dividend of $0.38 per share, payable on April 30, 2021, to shareholders of record as of April 15, 2021. This marks the 47th consecutive year of dividend increases, showcasing RPM's stability, with a 5.6% increase last reported in October 2020. Over this period, the company returned approximately $2.6 billion in cash dividends. At a current share price of $95, RPM's dividend yield stands at 1.6%.