RPM International Inc. manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; and insulated building cladding materials and concrete form wall systems. It also provides polymer flooring systems; fiberglass reinforced plastic gratings and shapes; corrosion-control coating, containment and railcar lining, fire and sound proofing, and heat and cryogenic insulation products; and specialty construction products; and amine curing agents, reactive diluents, specialty epoxy resins and other intermediates. In addition, it offers fluorescent colorants and pigments; shellac-based-specialty and marine coatings; fire and water damage restoration, and carpet cleaning and disinfecting products; fuel additives; wood treatments, furniture finishes, and touch-up products; and nail enamels, polishes, and coating components. Further, it offers specialty products for paint contractors and the DIYers, concrete restoration and flooring systems, metallic and faux finish coatings, cleaners, and hobby paints and cements; and caulk, sealant, adhesive, insulating foam, spackling, glazing, and patch and repair products. The company was incorporated in 1947 and is headquartered in Medina, Ohio.
IPO Year:
Exchange: NYSE
Website: rpminc.com
Date | Price Target | Rating | Analyst |
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7/26/2024 | $120.00 | Overweight → Neutral | JP Morgan |
7/16/2024 | $126.00 | Hold → Buy | Vertical Research |
1/12/2024 | $128.00 | Buy | Mizuho |
7/27/2023 | $90.00 → $118.00 | Hold → Buy | Deutsche Bank |
6/5/2023 | $90.00 | Hold | Deutsche Bank |
12/14/2022 | Sector Weight | KeyBanc Capital Markets | |
10/18/2022 | $105.00 → $101.00 | Buy → Neutral | UBS |
10/6/2022 | $90.00 → $100.00 | Neutral → Overweight | JP Morgan |
6/27/2022 | $95.00 | Outperform | Credit Suisse |
1/10/2022 | $87.00 → $94.00 | Sector Perform | RBC Capital |
RPM International Inc. (NYSE:RPM) announced today that TMP Convert SAS (TMPC) has been acquired to be part of its Fibergrate Structures (Fibergrate) business, which is part of RPM's Performance Coatings Group. TMPC is based in Simandre-sur-Suran, France, and is a leading manufacturer of outdoor design and landscape products under the JOUPLAST® and OCAPE® brands. The company has annual net sales of approximately €35 million and terms of the transaction were not disclosed. TMPC's adjustable and fixed pedestals and accessories for flooring and roofing applications complement Fibergrate's Bison business, which produces composite adjustable pedestals and decking solutions. TMPC's products are u
RPM International Inc. (NYSE:RPM) today announced that Edward W. Moore, RPM's senior vice president, general counsel and chief compliance officer will be retiring by the end of calendar 2024. As a result, Tracy D. Crandall, RPM's current vice president - compliance and sustainability and associate general counsel, has been elected RPM's vice president, general counsel and chief compliance officer effective October 4, 2024. Moore will continue as corporate counsel until his retirement. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241004597035/en/Ed Moore (Photo: Business Wire) Moore joined RPM in 2006 as vice president and gener
Quarterly payment of $0.51 per share is 10.9% increase over prior year Three directors re-elected at annual meeting of stockholders As previously announced, Kirkland Andrews and John Ballbach stepping down from board of directors RPM International Inc. (NYSE:RPM) today announced at its annual meeting of stockholders that its board of directors declared a regular quarterly cash dividend of $0.51 per share, payable on October 31, 2024, to stockholders of record as of October 18, 2024. This payment represents a 10.9% increase over the $0.46 quarterly cash dividend paid at this time last year and is the 51st consecutive year the company has increased its cash dividend. "Over the past ye
Record first-quarter net income of $227.7 million, record diluted EPS of $1.77, and record EBIT of $303.9 million Record first-quarter adjusted diluted EPS of $1.84 increased 12.2% over prior year and record adjusted EBIT increased 6.3% to $328.3 million First-quarter net sales of $1.97 billion, down 2.1% from the prior year Strong first-quarter cash provided by operating activities of $248.1 million Fiscal 2025 second-quarter outlook calls for flat sales growth and mid-single digit adjusted EBIT growth Fiscal 2025 full-year outlook is unchanged with revenue growth of low-single digits and adjusted EBIT growth of mid-single digits to low-double digits RPM International Inc. (NY
RPM International Inc. (NYSE:RPM) announced today that it will release its financial results for the fiscal 2025 first quarter before the stock market opens on Wednesday, October 2, 2024. The results will be issued via newswire and will also be available on the RPM website at www.RPMinc.com. Management will host a conference call to discuss the results beginning at 10:00 a.m. Eastern Time the same day. The call can be accessed via webcast at www.RPMinc.com/Investors/Presentations-Webcasts/ or by dialing 844-481-2915, or 412-317-0708 for international callers. Participants are asked to call the assigned number approximately 10 minutes before the conference call begins and request to join t
Fourth-quarter net income of $180.6 million, diluted EPS of $1.40, and record EBIT of $258.0 million Record fourth-quarter adjusted diluted EPS of $1.56 increased 14.7% over prior year and record adjusted EBIT increased 6.6% to $285.6 million Positive organic sales growth more than offset by unfavorable F/X and divestitures, leading to fourth-quarter net sales of $2.01 billion, down 0.4% from the prior year Record fiscal 2024 net sales of $7.34 billion, up 1.1% from the prior year Record fiscal 2024 net income of $588.4 million, record diluted EPS of $4.56, and record EBIT of $860.8 million Record fiscal 2024 adjusted diluted EPS of $4.94 increased 14.9% over prior year and
RPM International Inc. (NYSE:RPM) today announced that Matthew E. Schlarb has been appointed vice president – investor relations and sustainability and Paul R. Darwin as vice president – procurement for RPM, effective July 19, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240722320909/en/Matthew Schlarb (Photo: Business Wire) Schlarb joined RPM in 2022 as senior director – investor relations. In this new role, in addition to investor relations, Schlarb will have oversight of RPM's Building a Better World sustainability initiative. During his time at RPM, Schlarb has integrated governance and rating agencies into RPM's inv
RPM International Inc. (NYSE:RPM) today announced that its board of directors declared a regular quarterly cash dividend of $0.46 per share, payable on July 31, 2024, to stockholders of record as of July 17, 2024. RPM's last cash dividend increase of 10% in October 2023 marked RPM's 50th consecutive year of increased cash dividends paid to its stockholders, which places RPM in an elite category of less than half of 1 percent of all publicly traded U.S. companies. Only 41 other U.S. companies, besides RPM, have consecutively paid an increasing annual dividend for a longer period of time, according to Dividend Radar. During this timeframe, the company has returned approximately $3.5 billion
RPM International Inc. (NYSE:RPM) announced today that it will release its financial results for the fiscal 2024 fourth quarter and fiscal year before the stock market opens on Thursday, July 25, 2024. The results will be issued via newswire and will also be available on the RPM website at www.RPMinc.com. Management will host a conference call to discuss the results beginning at 10:00 a.m. Eastern Time the same day. The call can be accessed via webcast at www.RPMinc.com/Investors/Presentations-Webcasts/ or by dialing 844-481-2915, or 412-317-0708 for international callers. Participants are asked to call the assigned number approximately 10 minutes before the conference call begins and req
Record third-quarter net sales of $1.52 billion, up 0.4% from the prior year Record third-quarter net income of $61.2 million, record diluted EPS of $0.47, and record EBIT of $93.4 million Record third-quarter adjusted diluted EPS of $0.52 increased 40.5% over prior year and record adjusted EBIT increased 31.3% to $110.1 million Fourth consecutive quarter of record cash provided by operating activities, with $1.26 billion generated during the trailing 12 months Fiscal 2024 fourth-quarter outlook calls for sales to be approximately flat and adjusted EBIT growth of high-single-digits Fiscal full-year 2024 outlook calls for revenue growth near midpoint of previous outlook of up
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RPM International Inc. (NYSE:RPM) announced today that TMP Convert SAS (TMPC) has been acquired to be part of its Fibergrate Structures (Fibergrate) business, which is part of RPM's Performance Coatings Group. TMPC is based in Simandre-sur-Suran, France, and is a leading manufacturer of outdoor design and landscape products under the JOUPLAST® and OCAPE® brands. The company has annual net sales of approximately €35 million and terms of the transaction were not disclosed. TMPC's adjustable and fixed pedestals and accessories for flooring and roofing applications complement Fibergrate's Bison business, which produces composite adjustable pedestals and decking solutions. TMPC's products are u
Quarterly payment of $0.51 per share is 10.9% increase over prior year Three directors re-elected at annual meeting of stockholders As previously announced, Kirkland Andrews and John Ballbach stepping down from board of directors RPM International Inc. (NYSE:RPM) today announced at its annual meeting of stockholders that its board of directors declared a regular quarterly cash dividend of $0.51 per share, payable on October 31, 2024, to stockholders of record as of October 18, 2024. This payment represents a 10.9% increase over the $0.46 quarterly cash dividend paid at this time last year and is the 51st consecutive year the company has increased its cash dividend. "Over the past ye
Record first-quarter net income of $227.7 million, record diluted EPS of $1.77, and record EBIT of $303.9 million Record first-quarter adjusted diluted EPS of $1.84 increased 12.2% over prior year and record adjusted EBIT increased 6.3% to $328.3 million First-quarter net sales of $1.97 billion, down 2.1% from the prior year Strong first-quarter cash provided by operating activities of $248.1 million Fiscal 2025 second-quarter outlook calls for flat sales growth and mid-single digit adjusted EBIT growth Fiscal 2025 full-year outlook is unchanged with revenue growth of low-single digits and adjusted EBIT growth of mid-single digits to low-double digits RPM International Inc. (NY
RPM International Inc. (NYSE:RPM) announced today that it will release its financial results for the fiscal 2025 first quarter before the stock market opens on Wednesday, October 2, 2024. The results will be issued via newswire and will also be available on the RPM website at www.RPMinc.com. Management will host a conference call to discuss the results beginning at 10:00 a.m. Eastern Time the same day. The call can be accessed via webcast at www.RPMinc.com/Investors/Presentations-Webcasts/ or by dialing 844-481-2915, or 412-317-0708 for international callers. Participants are asked to call the assigned number approximately 10 minutes before the conference call begins and request to join t
Fourth-quarter net income of $180.6 million, diluted EPS of $1.40, and record EBIT of $258.0 million Record fourth-quarter adjusted diluted EPS of $1.56 increased 14.7% over prior year and record adjusted EBIT increased 6.6% to $285.6 million Positive organic sales growth more than offset by unfavorable F/X and divestitures, leading to fourth-quarter net sales of $2.01 billion, down 0.4% from the prior year Record fiscal 2024 net sales of $7.34 billion, up 1.1% from the prior year Record fiscal 2024 net income of $588.4 million, record diluted EPS of $4.56, and record EBIT of $860.8 million Record fiscal 2024 adjusted diluted EPS of $4.94 increased 14.9% over prior year and
RPM International Inc. (NYSE:RPM) today announced that its board of directors declared a regular quarterly cash dividend of $0.46 per share, payable on July 31, 2024, to stockholders of record as of July 17, 2024. RPM's last cash dividend increase of 10% in October 2023 marked RPM's 50th consecutive year of increased cash dividends paid to its stockholders, which places RPM in an elite category of less than half of 1 percent of all publicly traded U.S. companies. Only 41 other U.S. companies, besides RPM, have consecutively paid an increasing annual dividend for a longer period of time, according to Dividend Radar. During this timeframe, the company has returned approximately $3.5 billion
RPM International Inc. (NYSE:RPM) announced today that it will release its financial results for the fiscal 2024 fourth quarter and fiscal year before the stock market opens on Thursday, July 25, 2024. The results will be issued via newswire and will also be available on the RPM website at www.RPMinc.com. Management will host a conference call to discuss the results beginning at 10:00 a.m. Eastern Time the same day. The call can be accessed via webcast at www.RPMinc.com/Investors/Presentations-Webcasts/ or by dialing 844-481-2915, or 412-317-0708 for international callers. Participants are asked to call the assigned number approximately 10 minutes before the conference call begins and req
Record third-quarter net sales of $1.52 billion, up 0.4% from the prior year Record third-quarter net income of $61.2 million, record diluted EPS of $0.47, and record EBIT of $93.4 million Record third-quarter adjusted diluted EPS of $0.52 increased 40.5% over prior year and record adjusted EBIT increased 31.3% to $110.1 million Fourth consecutive quarter of record cash provided by operating activities, with $1.26 billion generated during the trailing 12 months Fiscal 2024 fourth-quarter outlook calls for sales to be approximately flat and adjusted EBIT growth of high-single-digits Fiscal full-year 2024 outlook calls for revenue growth near midpoint of previous outlook of up
RPM International Inc. (NYSE:RPM) today announced that its board of directors declared a regular quarterly cash dividend of $0.46 per share, payable on April 30, 2024, to stockholders of record as of April 19, 2024. RPM's last cash dividend increase of 10% in October 2023 marked RPM's 50th consecutive year of increased cash dividends paid to its stockholders, which places RPM in an elite category of less than half of 1 percent of all publicly traded U.S. companies. Only 41 other U.S. companies, besides RPM, have consecutively paid an increasing annual dividend for a longer period of time, according to Dividend Radar. During this timeframe, the company has returned approximately $3.4 billi
RPM International Inc. (NYSE:RPM) announced today that it will release its financial results for the fiscal 2024 third quarter before the stock market opens on Thursday, April 4, 2024. The results will be issued via newswire and will also be available on the RPM website at www.RPMinc.com. Management will host a conference call to discuss the results beginning at 10:00 a.m. Eastern Time the same day. The call can be accessed via webcast at www.RPMinc.com/Investors/Presentations-Webcasts/ or by dialing 844-481-2915, or 412-317-0708 for international callers. Participants are asked to call the assigned number approximately 10 minutes before the conference call begins and request to join the
RPM International Inc. (NYSE:RPM) today announced that Andrew G. Polanco has been appointed vice president – manufacturing for RPM. In line with this appointment, RPM today announced the retirement of Gordon M. Hyde, who previously served in this role. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230120005007/en/RPM Appoints Andrew G. Polanco as VP – Manufacturing (Photo: Business Wire) Polanco now leads manufacturing and continuous improvement initiatives across all RPM business segments. This includes driving manufacturing efficiencies, asset optimization and working capital improvement, as well as building a sustainable cult
RPM International Inc. (NYSE:RPM) has issued its 2021 Sustainability Report: Building a Better World. Building a Better World is RPM's ongoing commitment to building a sustainable future across three pillars: Our Products, Our People and Our Processes, with a strong foundation in governance. The report reviews RPM's progress toward the three pillars and highlights the company's sustainability goals and strategy. The report is available at https://www.rpminc.com/sustainability. Highlights include: New 2025 sustainability goals 2022 associate survey found 83 percent of respondents have favorable engagement and 88 percent are proud to be a part of RPM Issued first water stress analysis
RPM International Inc. (NYSE:RPM) today announced the appointment of General (retired) Ellen Pawlikowski to its Board of Directors, effective July 18, 2022. She will stand for election by the stockholders at the 2022 annual meeting. Pawlikowski is a retired four-star general of the United States Air Force and is an independent consultant, providing expertise to industry and academia on strategic planning, program management, logistics, and research and development. Currently, she serves on the board of defense contractor, Raytheon Technologies, ranked 58 on the 2022 Fortune 500 list. General Pawlikowski is nationally recognized for her leadership and technical management acumen. This press
RPM International Inc. (NYSE:RPM) announced today that it has appointed American Stock Transfer & Trust Company, LLC ("AST") as RPM's new stock transfer agent and registrar of RPM's common stock, effective immediately. AST was originally founded as a transfer agent in 1971. Stockholders do not need to take any action at this time related to RPM's appointment of AST as its new transfer agent. Stockholders may contact AST as follows: AST 6201 15th Avenue Brooklyn, NY 11219 Telephone: 800-988-5238 Telephone: 718-921-8124 Email: [email protected] Website: www.astfinancial.com About RPM RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, bui
KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy, Inc. (NYSE: EVRG) today announced Kirk Andrews will become the company’s executive vice president and chief financial officer, effective Feb. 22, 2021. Andrews fills the role currently held by Tony Somma, who announced his plans to depart the company on January 8. As chief financial officer, Andrews will be responsible for Evergy’s corporate financial functions, including treasury, accounting, planning, tax, capital allocation, and investor relations. Andrews will also oversee the company’s performance management, corporate development and renewable energy development activities. Since March 2020, Andrews has been a member of the Evergy
MEDINA, Ohio--(BUSINESS WIRE)--RPM International Inc. (NYSE: RPM) today announced that its board of directors has declared a regular quarterly cash dividend of $0.38 per share, payable on January 29, 2021 to stockholders of record as of January 15, 2021. RPM's last cash dividend increase of 5.6 percent in October 2020 marked its 47th consecutive year of increased cash dividends paid to its stockholders, which places RPM in an elite category of less than half of 1 percent of all publicly-traded U.S. companies. Only 41 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to the Mergent Handbook of Dividend Ac
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RPM International (NYSE:RPM) reported quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $1.55 by 0.65 percent. The company reported quarterly sales of $2.008 billion which met the analyst consensus estimate. This is a 0.40 percent decrease over sales of $2.016 billion the same period last year.
UBS analyst Joshua Spector maintains RPM Intl (NYSE:RPM) with a Neutral and lowers the price target from $122 to $117.
RPM Intl (NYSE:RPM) has outperformed the market over the past 15 years by 1.55% on an annualized basis producing an average annual return of 14.4%. Currently, RPM Intl has a market capitalization of $13.81 billion. Buying $100 In RPM: If an investor had bought $100 of RPM stock 15 years ago, it would be worth $772.87 today based on a price of $107.26 for RPM at the time of writing. RPM Intl's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed b
RPM Intl's (NYSE:RPM) short percent of float has risen 28.0% since its last report. The company recently reported that it has 1.81 million shares sold short, which is 1.6% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.7 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impor
In the last three months, 7 analysts have published ratings on RPM Intl (NYSE:RPM), offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 3 0 0 Last 30D 1 1 2 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $125.29, a high estimate of $136.00, and a low estimate of $120.00. Observing a 4.85% increase, the curr
UBS analyst Joshua Spector maintains RPM Intl (NYSE:RPM) with a Neutral and raises the price target from $121 to $122.
BMO Capital analyst John McNulty maintains RPM Intl (NYSE:RPM) with a Outperform and lowers the price target from $127 to $123.
RPM International Inc. (NYSE:RPM) reported upbeat third-quarter FY24 results on Thursday.. Sales rose 0.4% Y/Y to $1.523 billion, slightly beating the consensus of $1.518 billion. Adjusted EPS of 52 cents exceeded the consensus of 46 cents, according to data from Benzinga Pro. For the fourth quarter of FY24, the company expects sales to be flat Y/Y and adjusted EBIT to increase in the high single digits Y/Y. For FY24, the company expects revenue growth near the midpoint of the previous outlook of an increase in the low-single-digits and adjusted EBIT growth near the midpoint of the prior outlook of up low-double digits to mid-teens. Frank C. Sullivan, RPM chairman and CEO, said, “By segme
JP Morgan downgraded RPM Inc from Overweight to Neutral and set a new price target of $120.00
Vertical Research upgraded RPM Inc from Hold to Buy and set a new price target of $126.00
Mizuho initiated coverage of RPM Inc with a rating of Buy and set a new price target of $128.00
Deutsche Bank upgraded RPM Inc from Hold to Buy and set a new price target of $118.00 from $90.00 previously
Deutsche Bank initiated coverage of RPM Inc with a rating of Hold and set a new price target of $90.00
KeyBanc Capital Markets initiated coverage of RPM Inc with a rating of Sector Weight
UBS downgraded RPM Inc from Buy to Neutral and set a new price target of $101.00 from $105.00 previously
JP Morgan upgraded RPM Inc from Neutral to Overweight and set a new price target of $100.00 from $90.00 previously
Credit Suisse initiated coverage of RPM Inc with a rating of Outperform and set a new price target of $95.00
RBC Capital reiterated coverage of RPM International with a rating of Sector Perform and set a new price target of $94.00 from $87.00 previously