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    Silke Kueck

    Research Analyst at JPMorgan Chase & Co.

    Silke Kueck is an Analyst at JPMorgan Securities LLC, specializing in equity research with a focus on covered companies in her assigned sectors. She has been with JPMorgan since 2000, bringing over two decades of industry experience and analytical rigor to her role. Kueck holds an undergraduate degree from City University of New York and previously worked as an Analyst at MilkorWater before joining JPMorgan. Her long-standing tenure at the firm reflects a strong track record, though specific performance metrics and professional securities credentials are not publicly listed.

    Silke Kueck's questions to RPM INTERNATIONAL INC/DE/ (RPM) leadership

    Silke Kueck's questions to RPM INTERNATIONAL INC/DE/ (RPM) leadership • Q1 2025

    Question

    Silke Kueck, on for Jeff Zekauskas, suggested the Q2 EBIT margin outlook seemed conservative and questioned the underlying SG&A assumptions. She also asked about the annual run-rate of MAP-related charges and sought clarification on the potential accrual for the Rust-Oleum litigation.

    Answer

    Frank Sullivan, Chair and CEO, affirmed that the margin dynamics and SG&A discipline from Q1 would continue into Q2, and that any volume upside would lead to better-than-guided results. On the litigation, he stated the accrual range is from $0.5 million to the original $190 million verdict, but the company feels strongly about a significantly different outcome on appeal, given the case relates to a $2 million product line and is a contractual IP dispute, not a product liability issue.

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