Frank Mitsch's questions to RPM INTERNATIONAL INC/DE/ (RPM) leadership • Q1 2026
Question
Frank Mitsch asked about the outlook for DIY demand, given its extended softness, and RPM's expectations for a rebound or flattening out, also inquiring about the company's September performance compared to historical trends.
Answer
Frank Sullivan, Chairman and CEO, anticipated improved financial numbers in spring/summer next year due to annualizing two years of negative consumer takeaway, new products, and an improving housing market driven by interest rate cuts, noting current housing turnover is at a 40-year low. He indicated that the pivot to growth is achieving its goals, with solid numbers, and expects Q2 to resemble Q1, excluding extraordinary healthcare expenses.