Rpm Inc Stock Price, News & Analysis

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%.

RPM International Inc. (NYSE: RPM) announced the acquisition of Bison Innovative Products, a leading manufacturer of raised flooring systems with annual net sales of approximately $26 million. The deal is expected to be accretive to earnings within a year. Bison's adjustable polypropylene pedestals support various architectural finishes and are used in multiple applications, including rooftop decks and terraces. Frank C. Sullivan, RPM’s CEO, highlighted the unique product line and growth potential, aiming to enhance distribution and market penetration.

RPM International Inc. (NYSE: RPM) will release its financial results for the fiscal 2021 third-quarter on April 7, 2021, before market opens. Subsequent to the release, management will host a conference call at 10:00 a.m. EDT to discuss the results, accessible via webcast or by phone. A replay will be available later that day. RPM operates in specialty coatings, sealants, and building materials across four segments, employing around 14,600 individuals globally. Further details can be found on the company's website.

RPM International Inc. (NYSE: RPM) announced that its chairman and CEO, Frank C. Sullivan, will present at the Bank of America Merrill Lynch Global Agriculture and Materials Virtual Conference on March 4, 2021, at 1:00 p.m. EST. The presentation will cover topics such as RPM's growth strategy, financial performance, and its 47 consecutive years of dividend increases. A live webcast will be available on RPM's website, with an archived replay accessible for 90 days after the event.

RPM International Inc. (NYSE: RPM) announced the retirement of Thomas S. Gross from its Board of Directors, effective May 31, 2021, after nearly nine years. Gross has been pivotal in advising the company, enhancing its operational efficiency and growth. RPM Chairman Frank C. Sullivan expressed gratitude for Gross’s contributions to the company's success. Under Gross’s tenure, RPM experienced significant increases in revenue and market capitalization, reflecting a strong upward trajectory. RPM operates in specialty coatings, sealants, and building materials, employing approximately 14,600 individuals worldwide.

RPM International Inc. (NYSE: RPM) announced that CEO Frank C. Sullivan will present at the UBS Virtual Chemicals West Coast Mini Conference on February 23, 2021 at 2:00 p.m. EST. The presentation will cover RPM's growth strategy, financial performance, highlighted by 47 consecutive years of dividend increases, capital structure, global operations, and acquisition program. A live webcast will be available on RPM's website, with a replay accessible within three hours post-event for 90 days.