Fabian Jimenez's questions to RPM International Inc (RPM) leadership • Q3 2025
Question
Fabian Jimenez, on behalf of John Roberts at Mizuho Group, asked if the impact of tariffs on raw materials would outweigh oil price declines and which specific materials would see the largest tariff impact.
Answer
Chairman and CEO Frank Sullivan clarified that the largest tariff impacts are on resins, pigments, solvents, and particularly metal packaging. He noted that while the unmitigated impact is about 4% in the U.S., the company is actively offsetting it through sourcing shifts, price increases, and other measures. He also mentioned that some domestic suppliers are opportunistically raising prices.