RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The company operates across four reportable segments: consumer, construction products, performance coatings and specialty products. RPM has a diverse portfolio with hundreds of market-leading brands, including Rust-Oleum, DAP, Zinsser, Varathane, Day-Glo, Legend Brands, Stonhard, Carboline, Tremco and Dryvit. From homes and workplaces, to infrastructure and precious landmarks, RPM's brands are trusted by consumers and professionals alike to help build a better world. The company employs approximately 14,600 individuals worldwide.

Company profile
Ticker
RPM
Exchange
Website
CEO
Frank Sullivan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
RPM INC/OH/
SEC CIK
Corporate docs
Subsidiaries
Agpro (N.Z.) Limited • Ali Industries, LLC • Arnette Polymers, LLC • Bondex International, Inc. • Carboline Company • DAP Brands Company • DAP Holdings, LLC • DAP Products Inc. • Day-Glo Color Corp. • Dryvit Holdings, Inc. ...
IRS number
20642224
RPM stock data
News
BMO Capital Maintains Outperform on RPM International, Lowers Price Target to $111
12 Apr 22
Benzinga's Top Ratings Upgrades, Downgrades For April 7, 2022
7 Apr 22
Looking Into RPM International's Return On Capital Employed
7 Apr 22
Fermium Research Downgrades RPM International to Hold, Announces $92 Price Target
7 Apr 22
Wells Fargo Maintains Equal-Weight on RPM International, Lowers Price Target to $95
7 Apr 22
Analyst ratings and price targets
Current price
Average target
$99.33
Low target
$92.00
High target
$111.00
BMO Capital
Maintains
$111.00
Fermium Research
Downgraded
$92.00
Wells Fargo
Maintains
$95.00
Calendar
6 Apr 22
20 May 22
31 May 22
Financial summary
Quarter (USD) | Feb 22 | Nov 21 | Aug 21 | May 21 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | May 21 | May 20 | May 19 | May 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 193.19M | 193.19M | 193.19M | 193.19M | 193.19M | 193.19M |
Cash burn (monthly) | (no burn) | 4.67M | (no burn) | (no burn) | 1.13M | (no burn) |
Cash used (since last report) | n/a | 12.88M | n/a | n/a | 3.13M | n/a |
Cash remaining | n/a | 180.31M | n/a | n/a | 190.06M | n/a |
Runway (months of cash) | n/a | 38.6 | n/a | n/a | 167.5 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 May 22 | Michael J. Laroche | Common Stock, $0.01 par value | Sell | Dispose S | No | No | 83.5467 | 1,476 | 123.31K | 6,525 |
13 Jan 22 | Moore Edward W. | Common Stock, $0.01 par value | Sell | Dispose S | No | No | 91.91 | 5,565 | 511.48K | 54,934 |
12 Jan 22 | Whited Elizabeth F | Common Stock, $0.01 par value | Buy | Acquire P | No | No | 92.0899 | 600 | 55.25K | 600 |
12 Jan 22 | Moore Edward W. | Common Stock, $0.01 par value | Payment of exercise | Dispose F | No | No | 92.02 | 2,400 | 220.85K | 60,499 |
12 Jan 22 | Moore Edward W. | Common Stock, $0.01 par value | Sale back to company | Dispose D | No | No | 92.02 | 17,035 | 1.57M | 62,899 |
12 Jan 22 | Moore Edward W. | Common Stock, $0.01 par value | Option exercise | Acquire M | No | No | 78.49 | 5,000 | 392.45K | 79,934 |
12 Jan 22 | Moore Edward W. | Common Stock, $0.01 par value | Option exercise | Acquire M | No | No | 62.17 | 5,000 | 310.85K | 74,934 |
12 Jan 22 | Moore Edward W. | Common Stock, $0.01 par value | Option exercise | Acquire M | No | No | 60.01 | 7,500 | 450.08K | 69,934 |
12 Jan 22 | Moore Edward W. | Common Stock, $0.01 par value | Option exercise | Acquire M | No | No | 55.19 | 7,500 | 413.93K | 62,434 |
12 Jan 22 | Moore Edward W. | Stock Appreciation Rights Common Stock | Option exercise | Dispose M | No | No | 78.49 | 5,000 | 392.45K | 52,500 |
Institutional ownership, Q1 2022
82.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 535 |
Opened positions | 63 |
Closed positions | 96 |
Increased positions | 168 |
Reduced positions | 185 |
13F shares | Current |
---|---|
Total value | 8.37B |
Total shares | 106.21M |
Total puts | 39.2K |
Total calls | 81.2K |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 13.44M | $1.09B |
Aristotle Capital Management | 11.89M | $968.9M |
BLK Blackrock | 11.66M | $949.57M |
TROW T. Rowe Price | 10.31M | $839.63M |
STT State Street | 6.12M | $498.09M |
Atlanta Capital Management Co L L C | 4.22M | $343.44M |
J.W. Cole Advisors | 3.43M | $83K |
Victory Capital Management | 2.71M | $220.63M |
JPM JPMorgan Chase & Co. | 2.23M | $181.4M |
BAC Bank Of America | 1.68M | $136.71M |
Financial report summary
?Risks
- The Covid pandemic has disrupted our operations, has had and continues to have an adverse effect on our business, and could adversely affect our business in the future.
- Volatility in the equity markets or interest rates could substantially increase our pension costs and required pension contributions.
- Terrorist activities and other acts of violence or war, pandemics, natural disasters and other disruptions have negatively impacted in the past and could negatively impact in the future the United States and foreign countries, the financial markets, the industries in which we compete, our operations and profitability.
- Adverse weather conditions may reduce the demand for some of our products and could have a negative effect on our sales.
- Significant foreign currency exchange rate fluctuations may harm our financial results.
- The use of accounting estimates involves judgment and could impact our financial results.
- The results of our annual testing and as-required interim testing of goodwill and other intangible assets have required, and in the future may require that we record impairment charges.
- Ongoing operating improvement initiatives could cause us to incur significant expenses and impact the trading value of our common stock.
- Fluctuations in the supply and prices of raw materials may negatively impact our financial results.
- Our success depends upon our ability to attract and retain key employees and the succession of senior management.
- We depend on a number of large customers for a significant portion of our net sales and, therefore, significant declines in the level of purchases by any of these key customers could harm our business.
- If our efforts in acquiring and integrating other companies or product lines or establishing joint ventures fail, our business may not grow.
- We derive a significant amount of our revenues from foreign markets, which subjects us to additional business risks that could adversely affect our results of operations.
- Our business and financial condition could be adversely affected if we are unable to protect our material trademarks and other proprietary information or there is a loss in the actual or perceived value of our brands.
- Although we have insurance, it may not cover every potential risk associated with our operations.
- The coatings, chemical and construction products industries in which we operate expose us to inherent risks of legal and warranty claims and other litigation-related costs, which could adversely impact our business.
- Compliance with environmental, health and safety laws and regulations could subject us to unforeseen future expenditures or liabilities, which could have a material adverse effect on our business.
- Our businesses are subject to varying domestic and foreign laws and regulations that may restrict or adversely impact our ability to conduct our business.
- We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar anti-bribery laws of other countries, as well as trade sanctions administered by the office of Foreign Assets Control and the Department of Commerce.
- Our operations are subject to the effect of global tax law changes, some of which have been, and may be in the future, retroactive in application.
- We could be adversely affected by failure to comply with federal, state and local government procurement regulations and requirements.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
indenture, July, notably, Omicron, reconfiguring, semiannually, service, swing, variant
Removed:
Ali, direct, discretionary, DSO, ERP, footprint, led, LLC, moving, negotiating, notice, retail, suspension, temporary, vi
Financial reports
Current reports
8-K
RPM Reports Record Results for Fiscal 2022 Third Quarter
6 Apr 22
8-K
Entry into a Material Definitive Agreement
27 Jan 22
8-K
Entry into a Material Definitive Agreement
14 Jan 22
8-K
RPM Reports Fiscal 2022 Second-Quarter Results
5 Jan 22
8-K
Departure of Directors or Certain Officers
27 Oct 21
8-K
RPM INCREASES CASH DIVIDEND FOR 48th CONSECUTIVE YEAR
14 Oct 21
8-K
RPM Reports Fiscal 2022 First-Quarter Results
6 Oct 21
8-K
Departure of Directors or Certain Officers
28 Jul 21
8-K
RPM Reports Results for Fiscal 2021 Fourth Quarter and Full Year
26 Jul 21
8-K
Departure of Directors or Certain Officers
21 May 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
12 Jan 22
FWP
Free writing prospectus
10 Jan 22
424B5
Prospectus supplement for primary offering
10 Jan 22
S-8
Registration of securities for employees
30 Jul 20
S-8
Registration of securities for employees
30 Jul 20
S-3ASR
Automatic shelf registration
30 Jul 20
424B5
Prospectus supplement for primary offering
27 Feb 19
FWP
Free writing prospectus
25 Feb 19
424B5
Prospectus supplement for primary offering
25 Feb 19
25-NSE
Exchange delisting
19 Aug 18
Proxies
Other
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
27 May 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
31 May 18
UPLOAD
Letter from SEC
4 Dec 17
CORRESP
Correspondence with SEC
30 Nov 17
CORRESP
Correspondence with SEC
13 Nov 17
UPLOAD
Letter from SEC
5 Nov 17
CORRESP
Correspondence with SEC
15 Oct 17
CORRESP
Correspondence with SEC
26 Sep 17
Ownership
4
RPM INTERNATIONAL / Michael J. Laroche ownership change
3 May 22
SC 13G/A
RPM INTERNATIONAL / PRICE T ROWE ASSOCIATES ownership change
14 Feb 22
SC 13G/A
RPM INTERNATIONAL / Aristotle Capital Management ownership change
14 Feb 22
SC 13G/A
RPM INTERNATIONAL / VANGUARD ownership change
9 Feb 22
SC 13G/A
RPM INTERNATIONAL / BlackRock ownership change
31 Jan 22
4
RPM INTERNATIONAL / Edward W. Moore ownership change
14 Jan 22
4
RPM INTERNATIONAL / Elizabeth F Whited ownership change
14 Jan 22
4
RPM INTERNATIONAL / Janeen B. Kastner ownership change
30 Nov 21
3
RPM INTERNATIONAL / Michael J. Laroche ownership change
10 Nov 21
4
RPM INTERNATIONAL / WILLIAM B SUMMERS JR ownership change
2 Nov 21
Patents
Utility
Exterior insulated finish wall assembly
10 May 22
Some embodiments include an exterior insulated finish wall assembly including an exterior panel member, an insert member, and a drainage channel.
Utility
Exterior sheathing panel with integrated air/water barrier membrane
8 Mar 22
An exterior sheathing cementitious panel which prevents water penetration and air leakage is provided.
Utility
Low-dust Filler for Composite Building Product
17 Feb 22
A low-dust composite building product is provided.
Utility
Fire-stopping Product
10 Feb 22
The invention provides a fire-stopping product, an insulated building façade comprising a fire-stopping product, and a method of making a fire-stopping product.
Utility
Gasket Sealing Arrangements
3 Feb 22
An expansion joint includes a foam strip having first and second lateral side surfaces extending axially outward to an outer edge surface, and an elongated gasket having a laterally expandable portion adhered to the outer edge surface of the foam strip, with the laterally expandable portion extending between first and second lateral end portions.
Transcripts
2022 Q3
Earnings call transcript
6 Apr 22
2022 Q2
Earnings call transcript
5 Jan 22
2022 Q1
Earnings call transcript
6 Oct 21
2021 Q4
Earnings call transcript
26 Jul 21
2021 Q3
Earnings call transcript
7 Apr 21
2021 Q2
Earnings call transcript
6 Jan 21
2021 Q1
Earnings call transcript
7 Oct 20
2020 Q4
Earnings call transcript
27 Jul 20
2020 Q3
Earnings call transcript
8 Apr 20
2020 Q2
Earnings call transcript
8 Jan 20
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