RPM International targets $10B revenue by FY30
MAP 2030 targets a 440-basis-point improvement in adjusted EBITDA margin alongside $10 billion in FY30 revenue.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
RPM International Inc. outlined MAP 2030, a new operating improvement program, at its November 9, 2026 Investor Day. By FY30, RPM targets $10 billion in revenue, $2 billion in adjusted EBITDA, a 20.0% adjusted EBITDA margin and $30 billion in market capitalization; the plan calls for 440 basis points of margin improvement. FY26 revenue was $7.86 billion, adjusted EBITDA was $1.228 billion and adjusted EBITDA margin was 15.6%. The plan table shows 6.2% revenue CAGR and 13.0% adjusted EBITDA CAGR for the FY30 targets.
The four priorities are leveraging core brands, global expansion, deploying existing SG&A to amplify connectivity and reinforcing company culture. Revenue assumptions are approximately 2% each from volume, price and M&A. Average annual cash provided by operating activities was $841.6 million in FY23–FY26, compared with $446.9 million in FY19–FY22; net sales posted a 5.2% CAGR over the last five years. RPM says it did not reconcile projected FY30 adjusted EBITDA or margin because material terms affecting them are not in its control and/or cannot be reasonably predicted.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointOperating cash averaged $841.6 million in FY23–FY26 vs. $446.9 million in FY19–FY22.
- Moderate pointNet sales posted a 5.2% CAGR over the last five years.
Negative
- None.
Filing Explained
RPM targets working capital at 20.0 percent of sales by fiscal 2030, versus 23.7 percent in fiscal 2026.
This 8-K furnishes RPM’s Investor Day presentation, which forecasts
The presentation attributes the forecast benefits to manufacturing (
It also targets working capital at
8-K Event Classification
Key Figures
Key Terms
Adjusted EBITDA financial
CAGR financial
Working Capital as a % of sales financial
Serviceable Obtainable Market financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are RPM's FY30 MAP 2030 targets?
How did RPM's operating cash flow compare before and after MAP 2025?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| (Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code:
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01. | Regulation FD Disclosure. |
On November 9, 2026, RPM International Inc. (the “Company”) will present details about its new operating improvement program, MAP 2030, at an Investor Day event in Cherry Hill, New Jersey. The Company’s MAP 2030 presentation is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Company’s MAP 2030 presentation is also available at the Company’s website (www.RPMInc.com). Furthermore, the Company’s Investor Day event will be recorded and a replay will be available at the Company’s website (www.RPMInc.com).
The information in Item 7.01 to this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. The Company’s MAP 2030 presentation includes certain data that do not directly conform to generally accepted accounting principles (“GAAP”). Tables reconciling such non-GAAP data with the most directly comparable GAAP financial measures, where available without unreasonable effort, are available as an appendix to the Company’s MAP 2030 presentation and at the Company’s website (www.RPMInc.com). The Company has not provided a reconciliation of certain projected non-GAAP financial measures, including fiscal year 2030 Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) and fiscal year 2030 Adjusted EBITDA % Margin, because material terms that impact such measures are not in the Company’s control and/or cannot be reasonably predicted, and therefore a reconciliation of such measures is not available without unreasonable effort.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Description | |
| 99.1 | Investor Day Presentation. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| RPM International Inc. | ||||||
| (Registrant) | ||||||
| Date November 9, 2026 | ||||||
| /s/ Tracy D. Crandall | ||||||
| Tracy D. Crandall | ||||||
| Vice President, General Counsel, Chief Compliance Officer and Secretary | ||||||
Exhibit 99.1 RPM Investor Day MAP 2030 builds on proven programs to achieve our best results yet. N O V E M B E R 9 , 2 0 2 6
Forward-Looking Statements This presentation includes forward-looking statements relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us and are subject to uncertainties and factors (including those specified below), which are difficult to predict and, in many instances, are beyond our control. As a result, our actual results could differ materially from those expressed in or implied by any such forward-looking statements. These uncertainties and factors include (a) global and regional markets and general economic conditions, including uncertainties surrounding the volatility in financial markets, the availability of capital and the viability of banks and other financial institutions; (b) the prices, supply and availability of raw materials, including assorted pigments, resins, solvents, and other natural gas- and oil-based materials; packaging, including plastic and metal containers; and transportation services, including fuel surcharges; (c) continued growth in demand for our products; (d) legal, environmental and litigation risks inherent in our businesses and risks related to the adequacy of our insurance coverage for such matters; (e) the effect of changes in interest rates; (f) the effect of fluctuations in currency exchange rates upon our foreign operations; (g) changes in global trade policies, including the adoption or expansion of tariffs and trade barriers; (h) the effect of non-currency risks of investing in and conducting operations in foreign countries, including those relating to domestic and international political, social, economic and regulatory factors; (i) risks and uncertainties associated with our ongoing acquisition and divestiture activities; (j) the timing of and the realization of anticipated cost savings from restructuring initiatives, the ability to identify additional cost savings opportunities, and the risks of failing to meet any other objectives of our improvement plans; (k) risks related to the adequacy of our contingent liability reserves; (l) risks relating to a public health crisis similar to the Covid pandemic; (m) risks related to acts of war similar to the Middle East conflict and the Russian invasion of Ukraine; (n) risks related to the transition or physical impacts of climate change and other natural disasters or meeting sustainability-related voluntary goals or regulatory requirements; (o) risks related to our or our third parties' use of technology including AI, data breaches and data privacy violations; (p) the shift to remote work and online purchasing and the impact that has on residential and commercial real estate construction; and (q) other risks detailed in our filings with the Securities and Exchange Commission, including the risk factors set forth in our Annual Report on Form 10-K for the year ended May 31, 2026, as the same may be updated from time to time. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the filing date of this document. Investor Day | November 9, 2026 2
Regulation G This presentation includes certain company data that do not directly conform to generally accepted accounting principles, or GAAP, and certain company data that have been restated for improved clarity, understanding and comparability, or pro forma. All non-GAAP data in this presentation are indicated by footnote. Tables reconciling such data with GAAP measures are available as an appendix to this presentation and through our website, www.rpminc.com under Investor Information/Presentations. We have not provided a reconciliation of our FY30 target Adjusted EBITDA or Adjusted EBITDA % Margin because material terms that impact such measures are not in our control and/or cannot be reasonably predicted, and therefore a reconciliation of such measures is not available without unreasonable effort. Investor Day | November 9, 2026 3
Safety Message Mike Jewell Stonhard EVP - Operations
RPM At a Glance 50% / 50% Split between coatings & construction chemicals 65% / 35% Repair & Maintenance vs. OEM / New Construction DIVIDEND RECORD Q U I C K FA C T S MANUFACTURING FACILITIES IN 22 COUNTRIES FOUNDED: 1947 HEADQUARTERS: Medina, OH A world leader in 53 NYSE consecutive years specialty coatings, STOCK LISTING: (Symbol: RPM) of dividend increases sealants, building FISCAL 2026 $7.9 Billion SALES: materials and $5.2 bb 167 countries and SALES LOCATIONS: territories related services. returned to shareholders through cash dividends and share / EMPLOYEES: 17,500 convertible debt repurchases Investor Day | November 9, 2026 5
By Building a Better World, We Create Value for All BUILDING A BETTER WORLD CREATING VALUE FOR ALL We deliver We deliver We deliver superior benefits, superior returns innovative We formulate products, systems and rewards and through a growing products and solutions that protect, beautify, repair, recognition to our cash dividend and solutions to enhance performance and extend the associates who stock price customers with useful life of objects, structures and invest their time appreciation to our passion buildings that people value. and talent in our stockholders who and integrity. combined success. invest their capital and trust in RPM. STRATEGY TO: DRIVE GROWTH DRIVE MARGINS UNDERSTAND ALLOCATE ENGAGE OPTIMIZE DRIVE SIMPLIFY Our Value Financial Capital Our Human Capital Structure/Amplify Operational Product Lines Advantage to Where We Win to Thrive Connectivity Excellence and Portfolios DRIVE VALUES TRANSPARENCY, TRUST & RESPECT • ENTREPRENEURIAL SPIRIT • CREATING & KEEPING CATHEDRAL BUILDERS By Building a Better World and Creating Value for $10b 20% $30b All through a focused MAP 2030 initiative execution, IN EBITDA MARKET we will target the following by 2030 REVENUE MARGIN CAPITALIZATION VISION: Investor Day | November 9, 2026 6
Operating Groups Drive Growth & Efficiency 7
Extending Asset Life Is the Core of RPM* ~5% ~30% 15% 35% 45% 45% 65% 85% 10% ~65% Repair & Maintenance New Construction Specialty OEM *Current estimates, which are subject to change based on actual operating mix. Investor Day | November 9, 2026 8
Total Addressable Market Exceeds $500B RPM FY26 Sales of $7.9B • Small Project Paints & Coatings = 1% of potential TAM • Cleaners • Sealants & Adhesives • Abrasives $69B Consumer Group $418B • Building Envelope Systems Construction • Roofing $98B Products • Sealants & Adhesives Performance Group • Restoration Coatings • Performance, Industrial & Group • Concrete Specialty Coatings • Passive Fire Protection • Flooring Systems • Resinous Composite Structures Total Addressable Market (TAM) Investor Day | November 9, 2026 9
Rusty Gordon RPM Vice President & CFO N O V E M B E R 9 , 2 0 2 6 10
MAP 2025 Generated Significant Progress Top Priorities Going Forward MAP 2025 Accomplishments (FY25 compared to FY22) 1 Continuing implementation of efficiency initiatives +260 bps +510 bps 2 Focusing capital allocation to highest potential opportunities GROSS MARGINS ADJ. EBIT¹ MARGINS Increasing collaboration 3 to accelerate organic growth 320 bps Record sales, improvement adj. EBIT¹ & adj. EPS¹ GROWTH + EFFICIENCY = WORKING CAPITAL EACH YEAR AS % OF SALES DURING MAP 2025 THE POWER OF RPM 1 – Adjusted EBIT and adjusted EPS are non-GAAP measures, see appendix and filings with the SEC for reconciliation to nearest GAAP measures Investor Day | November 9, 2026 11
Structural Improvements to Cash Flow Average Annual Cash Provided by Operating Activities $1,000 $800 $841.6 $600 $400 $446.9 $200 $0 4 Years Prior to MAP 2025 Since MAP 2025 (FY19-FY22) (FY23-FY26) Investor Day | November 9, 2026 12 In millions
Strong Sales Growth in Challenging Economic Environment FY 2017-2026 Net Sales Last 5 Years 5.2% CAGR MAP 2020 5.3% CAGR $7.86B $6.11B $4.96B 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Investor Day | November 9, 2026 13
MAP 2030 | By-the-Numbers FY26 FY30 $ in millions Improvement CAGR Actuals Target Total Revenue $7,863 +$2,137 $10,000 6.2% Annual Revenue +$1,042 Gross Profit $3,258 $4,300 Growth Assumptions 7.2% % margin 41.4% 43.0% +160 bps • Volume ~+2% • Price ~+2% -$329 SG&A / Other $2,251 $2,580 3.5% • M&A ~+2% % of sales 28.6% 25.8% +280 bps +$772 Adjusted EBITDA¹ $1,228 $2,000 13.0% % margin 15.6% 20.0% +440 bps Working Capital as a % 23.7% +370 bps 20.0% -- of sales² 1 – Adjusted EBITDA is a non-GAAP measure, see appendix for reconciliation to consolidated Net Income, the nearest GAAP measure 2 - (Net accounts receivable + inventories – accounts payable) ÷ by trailing 12 months sales Investor Day | November 9, 2026 14
MAP 2030 Benefits – Building on Prior Successes Total $450 $72M EBITDA $400M EBITDA $400 $48 $76M EBITDA $350 $300 $125 $400M $85M EBITDA $250 $200 $167M EBITDA Total Identified EBITDA Benefits $112 $150 FY27–FY30 $100 $115 $50 $0 FY27 FY28 FY29 FY30 Total MAP 2030 Manufacturing Procurement SG&A CS-168 Manufacturing Procurement SG&A Commercial Excellence (CS-168) $115M $112M $125M $48M Yield, asset optimization, Contracting, logistics, value Structural SG&A & Pricing, sales effectiveness maintenance reliability, engineering, & insourcing commercial productivity & value selling facility consolidation Investor Day | November 9, 2026 15 Forecasted Benefits $M
Cash Flow Generation Improves Capital Allocation Flexibility Maintain Accelerating 53 Consecutive Strategic M&A Regular Share Investment Organic Growth Years of Dividend with Discipline Repurchases Grade Rating Through Capex Increases With Ability and Commercial to be Investments Opportunistic Investor Day | November 9, 2026 16
Dave Dennsteadt RPM President & COO N O V E M B E R 9 , 2 0 2 6 17
MAP 2030: 4 Priorities to Deliver 440bp Improvement in Adjusted EBITDA Margin Leverage our core brands to spur growth and innovation. 1 Apply proven strategies for global expansion. 2 Deploy existing SG&A to Amplify Connectivity. 3 Reinforce our foundational culture for growth. 4 Investor Day | November 9, 2026 18
MAP 2030 Drivers PURPOSE: VISION: GOALS: To build a better world for our To transform RPM into a rapidly growing, highly efficient, and By FY30, RPM’s goals are to generate: customers, associates and deeply collaborative company by harnessing the strengths of ✓ $10 billion in revenue shareholders, resulting in its entrepreneurial culture, core MAP practices and center-led ✓ 20% EBITDA margin superior value creation for all. functions to drive shared success. ✓ $30 billion market capitalization Manufacturing Leverage Digital Brand Trust Capabilities Procurement Leverage M&A Center-led FUEL DRIVE AMPLIFY Functionality GROWTH EFFICIENCY CONNECTIVITY Reignite growth Streamline Leverage scale with around customer and operations and growth market needs distribution Enhance International Capital Salesforce Tools Expansion Investment Standardize SG&A Portfolio Systems Optimization TRANSPARENCY, TRUST & RESPECT • ENTREPRENEURIAL SPIRIT • CREATING & KEEPING CATHEDRAL BUILDERS Investor Day | November 9, 2026 19
MAP 2030: 4 Priorities to Deliver 440bp Improvement in Adjusted EBITDA Margin Leverage our core brands to spur growth and innovation. 1 Apply proven strategies for global expansion. 2 Deploy existing SG&A to Amplify Connectivity. 3 Reinforce our foundational culture for growth. 4 Investor Day | November 9, 2026 20
Prior MAP Programs Have Laid the Foundation for What’s Next 52 18 Plant closures Warehouse closures To date To date 4,811 MAP projects 56 68 FY18-FY25 Accounting locations closed ERP consolidations To date To date KEY TAKEAWAY The biggest changes have been cultural: a focus on continuous improvement and collaboration Investor Day | November 9, 2026 21
MAP 2025 Successes: We Must Maintain Momentum Adjusted EBITDA¹ % 15.7% 15.6% +280bp 15.1% EBITDA margin¹ improvement, FY22 to FY26 13.7% Working Capital as a % of Sales² 380 bps 12.8% Improvement over the same period FY22 FY23 FY24 FY25 FY26 1 – Adjusted EBITDA is a non-GAAP measure, see appendix for reconciliation to consolidated Net Income, the nearest GAAP measure 2 - (Net accounts receivable + inventories – accounts payable) ÷ by trailing 12 months sales Investor Day | November 9, 2026 22
$80 Billion Serviceable Obtainable Market Today RPM FY26 Sales of $7.9B • Small Project Paints & Coatings = 10% of potential • Cleaners • Sealants & Adhesives • Abrasives $19B Consumer Group $40B • Building Envelope Systems Construction • Roofing Products • Sealants & Adhesives $21B Group • Restoration Performance • Performance, Industrial & • Concrete Coatings Specialty Coatings Group • Passive Fire Protection • Flooring Systems • Resinous Composite Structures Serviceable Obtainable Market (SOM) Investor Day | November 9, 2026 23
Macro Environment – Emerging Markets and US Lead Growth Global Economy Construction Activity Construction output, YoY % (US Sep, Euro Area Aug) Real GDP growth by region, YoY % ■ United States ■ Euro Area ■ United States ■ Euro Area ■ Emerging Markets 8% 7.0% US total -2.7% 6% 4.4% 4% US residential -8.9% 2.3% 2% US nonresidential +2.3% 1.2% 0% 0.4% -2% Euro Area total +1.4% 2021 2022 2023 2024 2025 2026E 2027E Emerging Markets = IMF Emerging Market and Developing Economies. Sources: IMF WEO, Oct 2026; U.S. Census Bureau, Sep 2026 (segments per NAHB); Eurostat, Aug 2026. E = forecast. Investor Day | November 9, 2026 24
Distinct Strengths in All Three Segments, Shared Foundation $18.7B 1 Solving problems others can’t 1 Technical expertise 1 Market and end-user insights Consumer Solutions for mission-critical Group Portfolio of competitive platforms 16 leading technology platforms 2 2 2 building challenges $39.3B Unique digital assets 3 Most “feet on the street” 3 Unparalleled service 3 Construction Products Group SHARED ACROSS ALL THREE SEGMENTS Shared Assets + Best-in-Class Field Service Best Practices Labor + Time Savings Extending Asset Life Technology, products & High responsiveness Manufacturing, distribution services centers, IT, R&D & admin Investor Day | November 9, 2026 25
Examples of Products in Action $39.3B Construction Products • The “Lighthouse” and “Iceberg” • NGL Pipeline in Central Texas • Patent-pending polyurethane foam Group buildings in Denmark • SP-2888 RG protective coating • Water clean-up • Aluminum roofing system • Protects in harsh weather conditions • Tack-free in 30 minutes • Durable and weather-resistant roofs in • Can cure as quickly as 3 minutes • Helps block drafts and moisture and coastal area promotes energy efficiency • Allows a single crew to finish up to • Critical component of an aesthetically 2km of pipeline per day • Reusable up to 6 weeks striking design Investor Day | November 9, 2026 26
Technical Solutions Solve Complex Challenges in High-Performance Buildings Roofing and Wall Systems Passive Fire Protection • Guaranteed waterproof • Up to 3.5 hours of passive structure fire protection • Roofing maintenance and • Low outgassing restoration reduces risk of • Fast application disruption • Wall systems can be manufactured offsite, reducing onsite labor needs Concrete Admixtures and FRP Structures Flooring systems Synthetic Fibers • Platforms, stairs, fencing, • Abrasion and impact • Admixtures reduce water barriers and trench covers resistant consumption and require • Non-conductive and non- • Controls static electricity less cement corrosive • Can provide both product • Synthetic fibers improve • Easier onsite customization and installation durability, construction vs. steel time and carbon footprint vs. steel rebar Investor Day | November 9, 2026 27
Fueling Growth FUEL GROWTH Reignite Growth Around Customer and Market Needs Portfolio Leverage Brand M&A International Optimization Trust Expansion • Share innovation ideas • Invest in system solutions • Leverage platform strategy • Accelerate SKU among businesses, in emerging markets rationalization • Assess parallel markets leveraging R&D resources • Share more technology • Consider business • Consider larger targets • Expand technical across borders line divestitures sales forces • Invest where we • Reallocate capital • Broaden system selling win in Europe to best opportunities Investor Day | November 9, 2026 28
Investing in R&D and Innovation Innovation Center of International R&D Expansions Fireproof Testing Facilities Excellence Shared by all 3 segments Focus on emerging markets Full-scale in-house capabilities 29 Investor Day | November 9, 2026
MAP 2030: 4 Priorities to Deliver 440bp Improvement in Adjusted EBITDA Margin Leverage our core brands to spur growth and innovation. 1 Apply proven strategies for global expansion. 2 Deploy existing SG&A to Amplify Connectivity. 3 Reinforce our foundational culture for growth. 4 Investor Day | November 9, 2026 30
Optimize Structure / Amplify Connectivity 3 Models of RPM 2 Europe 1 15% North America 77% 3 Platform 8% FY26 Percentage of Sales Investor Day | November 9, 2026 31
Global Expansion – Applying Proven Strategy & Structure Outside North America • Global growth will accelerate with 23% of RPM’s Sales outside of North America. • Proven structures are in place. Admin IT • Centralize what can scale. • Decentralize what requires local flexibility for customers and market conditions. Malaysia India Manufacturing Belgium Distribution Manufacturing Manufacturing Distribution Investor Day | November 9, 2026 32
MAP 2030: 4 Priorities to Deliver 440bp Improvement in Adjusted EBITDA Margin Leverage our core brands to spur growth and innovation. 1 Apply proven strategies for global expansion. 2 Deploy existing SG&A to Amplify Connectivity. 3 Reinforce our foundational culture for growth. 4 33 Investor Day | November 9, 2026
Driving Efficiency DRIVE EFFICIENCY Streamline Operations and Distribution Manufacturing Procurement SG&A Capital Investment • MS-168: Manufacturing • Focus on indirect procurement • Process-driven approach to • Share physical assets Efficiency SG&A efficiency • Expand raw material scope • Improve working capital • Measure and reduce waste • Commercial productivity efficiency • Integrate acquisitions • Standardize maintenance • Incentivize improvement • Standardize IT systems • Distribution network 34 Investor Day | November 9, 2026
Operating Groups Drive Growth & Efficiency Administration 35
Leveraging SG&A: Center-Led Systems Amplify Connectivity Across RPM Environment, Health & Leadership Development Safety, Operations CONNECTIVITY Sales Force Tools Data Analytics Increase collaboration & standardization Shared Services R&D Investor Day | November 9, 2026 36
Leveraging Our Teams and Training for Continuous Improvement Green Belt Training Global Service Centers GSC India Green Belt $25+M pipeline new trainees per 100 year trained Green 620 Belts GSC Mexico Investor Day | November 9, 2026 37
RPM Evolves, Embracing Our AI Future Time needed to serve a customer Customers a salesperson can serve NOW NEXT Today: AI-augmented THEN • AI preps every customer visit Tablet Era • Proposals drafted in minutes • Catalogs and specs in the • Routine follow-up handled field Flip Phone Era for the seller • One customer at a time • Quotes and orders entered • One seller serves many on site • Orders and notes on paper customers, each one faster • More customers, answered • Answers wait for the office on the spot One seller now serves many customers, and each customer is served faster 38 Investor Day | November 9, 2026
Failure to Flow in 36 Hours: Automation at the Point of Need A Hospital Air Handler Serving 8 Operating Rooms. Pure Air: 36 Hours vs. OEM Replacement: 6 Months. Sep 10 Sep 10 Sep 10 Sep 11 Sep 11 Sep 12 8:00 AM 10:00 AM 12:00 PM 7:30 AM 4:30 PM 7:00 PM Hospital facility Nearest Tremco rep Engineered solution Fan fails. ORs shut Custom fan array System operational. director calls Pure Air on site, capturing the and firm price down. Signed collected from ORs ready for surgery about issue. unit in the field app. delivered. proposal by 9:00 AM. manufacturer. Crew that night. on site by 10 PM. 2 hours on site to engineered proposal. 36 hours from failure to flow. This is the automation. This is the team spending the time automation bought. VALUE TO CUSTOMER Air Handling Unit, BEFORE AND AFTER ~$2M / day $330K vs. $4M 36 hr. vs. 6 mo. OR revenue protected, 8 ORs Pure Air restoration vs. OEM Restoration vs. replacement at 8 surgeries a day replacement VALUE TO RPM ~$2K +770bps Savings per assessment using Gross margin improvement Cabinet before: failing fan wheel Fan array installed, 36 hours later field app due in part to AI-augmentation Investor Day | November 9, 2026 39
Leveraging our Talent: Leadership Development is Foundational STRATEGIC LEADER STAFF RIDE PROGRAM Investor Day | November 9, 2026 40
MAP 2030: 4 Priorities to Deliver 440bp Improvement in Adjusted EBITDA Margin Leverage our core brands to spur growth and innovation. 1 Apply proven strategies for global expansion. 2 Deploy existing SG&A to Amplify Connectivity. 3 Reinforce our foundational culture for growth. 4 Investor Day | November 9, 2026 41
Brands Matter Investor Day | November 9, 2026 42
The Market Is Large, EBITDA Margin Expands 440 bps and the FY2030 Targets Are Set OPPORTUNITY MAP 2030 PLAN TARGET Expand from 10% +440 bps $2 Billion Our share of an $80B serviceable EBITDA margin improvement by FY2030 adjusted EBITDA and a $30B market, on $7.9B of FY26 sales. FY2030 through four priorities. market cap. The four priorities to deliver the margin expansion 1 2 3 4 Leverage our core brands Apply proven strategies for Deploy existing SG&A to Reinforce our foundational to spur growth and global expansion amplify connectivity culture for growth innovation 43 Investor Day | November 9, 2026
RPM Entrepreneurial Spirit — Creating & Keeping Cathedral Builders “Hire the best people you can find. Create an atmosphere that will keep them. Then let them do their jobs.” Frank C. Sullivan, 1947 Investor Day | November 9, 2026 44
Questions?
Appendix Reconciliation of Non-GAAP to GAAP Measures
Non-GAAP Reconciliation Non-GAAP Financial Measures IN THOUSANDS (Unaudited) Years Ended May 31, May 31, May 31, May 31, May 31, 2022 2023 2024 2025 2026 TOTAL CONSOLIDATED Income Before Income Taxes (a) $ 606,799 $ 649,382 $ 787,837 $ 792,760 $ 870,340 Interest (Expense) (87,928) (119,015) (117,969) (96,543) (111,544) Investment (Expense) Income, Net (7,595) 9,748 44,974 24,099 46,889 EBIT (b) 702,322 758,649 860,832 865,204 934,995 MAP initiatives (c) 45,555 128,757 92,773 87,899 80,329 Inventory step-up costs and other acquisition related costs(d) 2,776 - - 4,026 8,196 Unusual executive costs (e) 5,590 - - - - (Gain) on the sale of assets and businesses, net (f) (49,163) (25,774) (4,833) (237) (400) Foreign exchange loss on settlement of debt (g) 1,357 - - - - Business interruption insurance recovery (h) - (20,000) (11,128) - - Legal contingency adjustment on a divested business (i) - - 3,953 6,059 - Goodwill and intangible asset impairments (j) - - - 13,080 - (Gain) on acquisition earn-out fair value adjustments (k) - - - - (14,417) Environmental expense for a closed facility (l) - - - - 1,000 Property, plant and equipment impairment (m) - - - - 9,721 Adjusted EBIT 708,437 841,632 941,597 976,031 1,019,424 Depreciation (n) 103,849 107,832 125,696 140,303 161,252 Amortization (o) 47,543 44,993 42,103 40,249 47,077 Adjusted EBITDA (p) $ 859,829 $ 994,457 $ 1,109,396 $ 1,156,583 $ 1,227,753 Net Sales $ 6,707,728 $ 7,256,414 $ 7,335,277 $ 7,372,644 $ 7,863,422 Adjusted EBITDA as a % of net sales 12.8% 13.7% 15.1% 15.7% 15.6% Investor Day | November 9, 2026 47
Non-GAAP Reconciliation Continued (a) The presentation includes a reconciliation of Income Before Income Taxes, a measure defined by Generally Accepted Accounting Principles in the United States (GAAP), to EBIT, Adjusted EBIT and Adjusted EBITDA. (b) EBIT is defined as earnings (loss) before interest and taxes, with Adjusted EBIT provided for the purpose of adjusting for items impacting earnings that are not considered by management to be indicative of ongoing operations. We evaluate the profit performance of our segments based on income before income taxes, but also look to EBIT, or adjusted EBIT, as a performance evaluation measure because Interest expense and Investment (expense) income, net are essentially related to corporate functions, as opposed to segment operations. For that reason, we believe EBIT is also useful to investors as a metric in their investment decisions. EBIT should not be considered an alternative to, or more meaningful than, income before income taxes as determined in accordance with GAAP, since EBIT omits the impact of interest and investment income or expense in determining operating performance, which represent items necessary to our continued operations, given our level of indebtedness. Nonetheless, EBIT is a key measure expected by and useful to our fixed income investors, rating agencies and the banking community all of whom believe, and we concur, that this measure is critical to the capital markets' analysis of our segments' core operating performance. We also evaluate EBIT because it is clear that movements in EBIT impact our ability to attract financing. EBIT may not be indicative of our historical operating results, nor is it meant to be predictive of potential future results. (c) Reflects restructuring and other charges, which have been incurred in relation to our Margin Acceleration Plan ( MAP to Growth ), Margin Achievement Plan ( MAP 2025 ) and our 2026 restructuring action, together MAP Initiatives, as follows: - Restructuring and other related expense, net: Includes charges incurred associated with our MAP to Growth and MAP 2025 programs related to headcount reductions, facility closures and impairments recorded in Restructuring Expense on the Consolidated Statements of Income. Restructuring Expense related to these programs totaled $6.3 million, $15.5 million, $30.0 million, $25.0 million and $18.2 million for fiscal years 2022, 2023, 2024, 2025 and 2026 respectively. Other related expenses include inventory write-offs in connection with restructuring activities recorded in Cost of Sales and accelerated depreciation and amortization recorded within Cost of Sales or Selling, General, & Administrative Expenses ( SG&A ) depending on the nature of the expense. Fiscal 2024 also had an increase in our allowance for doubtful accounts resulting from the divestiture of the non-core Universal Sealants Bridgecare services business. - 2026 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures associated with the SG&A-focused optimization actions and other early stage MAP 2030 actions recorded in Restructuring Expense on the Consolidated Statements of Income. Restructuring Expense related to the 2026 restructuring action totaled $24.4 million for the 2026 fiscal year. Other related expenses consist of higher executive departure costs, including accelerated stock compensation expense, that do not qualify as restructuring expense and are recorded within SG&A as well as accelerated depreciation recorded within Cost of Sales or “Selling, General, & Administrative Expenses depending on the nature of the expense. Other related expenses also includes inventory write-offs in connection with restructuring activities recorded in Cost of Sales . - Exited product lines: Mainly related to prepaid asset and inventory write-offs from the discontinuation of certain product lines which resulted from product line rationalization efforts in connection with our MAP Initiatives and recorded in Cost of Sales . - ERP consolidation plan: Includes expenses incurred as a result of our stated goals to consolidate over 75 ERP systems across the organization to one ERP platform per segment, as part of our overall MAP strategy as well as costs incurred for other decision support tools to facilitate our commercial initiatives related to MAP 2025 which have been incurred in all segments, as well as Corporate/Other, and have been recorded within SG&A . - Professional fees: Includes expenses incurred to consolidate accounting locations, costs incurred to implement technologies and processes to drive improved data analytics/decision making and cost incurred to implement new global manufacturing methodologies with the goal of improving operating efficiency incurred within all of our segments as well as Corporate/Other and recorded within SG&A . All of this spend is in support of stated MAP goals with the most significant expense incurred within Corporate/Other. - Goodwill Impairment: Relates to an impairment charge at our Universal Sealants ( USL ) reporting unit as a result of a decision to exit the services portion of that business which has been recorded in Goodwill Impairment in the third quarter of fiscal 2023. - (Gain) loss on sale of closed facilities, net: Net gain recognized related to the sale of certain properties which were closed as part of the MAP Initiatives. Included below is a reconciliation of the TOTAL CONSOLIDATED MAP initiatives. Investor Day | November 9, 2026 48
Non-GAAP Reconciliation Continued Years Ended May 31, May 31, May 31, May 31, May 31, 2022 2023 2024 2025 2026 Restructuring and other related expense, net $ 9,602 $ 18,682 $ 40,896 42,861 23,059 2026 Restructuring and other related expense, net - - - - 32,082 Exited product line 558 8,217 (248) - - ERP consolidation plan 3,873 7,021 11,426 15,044 13,739 Professional fees 34,244 61,201 36,151 29,994 17,320 Goodwill Impairment - 36,745 - - - (Gain) loss on sale of closed facilities, net (2,722) (3,109) 4,548 - (5,871) MAP initiatives $ 45,555 $ 128,757 $ 92,773 $ 87,899 $ 80,329 (d) Amortization of inventory fair value adjustments related to acquisitions recorded in “Cost of Sales”. Fiscal 2022 also includes third-party consulting fees incurred in evaluating potential acquisition targets. (e) Unusual compensation costs recorded unrelated to MAP initiatives. (f) Reflects the gain on sale or sale and leaseback associated with several real properties and businesses. (g) Foreign exchange loss on early payment of the $100 million term loan in Q4 of fiscal 2022. (h) Business interruption insurance recovery at our Consumer segment related to lost sales and incremental costs incurred during fiscal 2021 and 2022 as a result of an explosion at the plant of a significant alkyd resin supplier, which has been recorded in “SG&A”. (i) Represents incremental expense related to an adverse legal ruling from a case associated with a business that was divested in fiscal 2023. (j) Reflects $11.4 million of goodwill impairment recorded in “Goodwill Impairment” and $1.7 million of intangible asset impairment recorded in “SG&A”. Both charges are related to the Color Group reporting unit due to the continued softness in OEM markets and underperformance in our growth initiatives associated with this reporting unit. (k) Fair value adjustments of the earn-out liabilities associated with the Star Brands Group acquisition, as well as one other smaller acquisition, which were recorded in SG&A . Management does not consider these gains to be reflective of the company’s core business operations. Investor Day | November 9, 2026 49
Non-GAAP Reconciliation Continued (l) Environmental remediation costs related to a facility that has not been owned or operated for approximately 25 years. (m) Impairment charges related to property, plant and equipment in two asset groups within the Color Group reporting unit as a result of reduced cash flow projections in the coming years due to soft end markets. (n) Depreciation expense includes charges to income that result from property, plant and equipment depreciation and the amortization of assets recorded under finance leases recorded within Cost of Sales or Selling, General, & Administrative Expenses depending on the nature of the expense. This excludes accelerated depreciation related to MAP initiatives. (o) Amortization expense includes intangible asset amortization as well as amortization of deferred cloud computing implementation costs. (p) Management believes that investors' understanding of the Company's operating performance is enhanced by the disclosure of Adjusted EBITDA, which is a non-GAAP financial measure defined as earnings (loss) before interest, taxes, depreciation and amortization adjusted for items impacting earnings that are not considered by management to be indicative of ongoing operations. We evaluate the profit performance of our segments based on income before income taxes, but also look to adjusted EBITDA, as a performance evaluation measure because Interest Expense and investment (Expense) Income, Net are essentially related to corporate functions, as opposed to segment operations. Additionally, Adjusted EBITDA is an operating measure that provides investors with a measure of operating results unaffected by differences in capital structures, capital investment cycles and ages of related assets among otherwise comparable companies. For these reasons, we believe Adjusted EBITDA is also useful to investors as a metric in their investment decisions. The reader is cautioned that the Company's Adjusted EBITDA should not be compared to other entities unknowingly. Adjusted EBITDA should not be considered an alternative to, or more meaningful than, income before income taxes as determined in accordance with GAAP. Investor Day | November 9, 2026 50