RPM INTERNATIONAL INC/DE/ (RPM) Company Report

RPM reported record sales in Q2 2026, with a 3.5% increase, but experienced a decline in Adjusted EBIT and EPS due to slowing momentum, higher expenses, and temporary inefficiencies.
The company announced optimization actions expected to yield an annual benefit of approximately $100 million, with $5 million realized in Q3 2026, an incremental $20 million in Q4 2026, and the remaining $75 million in fiscal 2027. These actions include approximately $70 million in personnel-related cuts and $30 million in discretionary expense reductions.
Cash flow from operations increased by $66.3 million in Q2 2026, contributing to a $127 million debt reduction in the first half of the fiscal year, while also funding $162 million in acquisitions and returning $169 million to shareholders.
For Q3 2026, RPM expects consolidated sales to increase by mid-single digits and Adjusted EBIT to grow mid to high single digits; for Q4 2026, sales are projected to grow in the mid-single digit range with Adjusted EBIT up low to high single digits.
RPM also announced an agreement to acquire Kalzip for 150 million EUR, expected to close in fiscal Q4 2026, to strengthen its high-performance buildings offering.

8 days ago

Transcript

RPM Reports Record Q2 2026 Revenue Amidst Profitability Decline

RPM

Earnings

Demand Weakening

New Projects/Investments

RPM reported record Q2 2026 revenue of $1.91 billion, an increase of 3.5% from the prior year, primarily driven by acquisitions.
However, adjusted EBIT declined by 11.2% to $226.6 million and adjusted EPS decreased by 13.7% to $1.20 compared to the prior year.
Sales included a 0.5% organic decline, with demand slowing significantly as the quarter progressed, evidenced by negative organic sales growth of -1.5% in October and -6.0% in November.
Profitability was negatively impacted by growth investments, reduced fixed-cost absorption from lower volumes, and temporary inefficiencies.
The company generated strong operating cash flow of $345.7 million in Q2 2026, contributing to a $126.7 million reduction in debt during the first half of FY26.

8 days ago

Presentation

RPM International Reports Q2 2026 Results, Announces Optimization Actions and Outlook

RPM

Earnings

Guidance Update

M&A

RPM achieved record sales in Q2 2026, but momentum slowed as the quarter progressed, leading to a decline in margins, Adjusted EBIT, and Adjusted EPS. This was primarily due to higher expenses from growth initiatives, M&A deal costs, healthcare, and temporary inefficiencies from facility consolidations, as well as soft DIY demand and longer construction project lead times.
The company is implementing optimization actions across the organization, expected to yield an annual benefit of approximately $100 million. Of this, $5 million is expected to be realized in Q3 2026, an incremental $20 million in Q4 2026, and the remaining $75 million in fiscal 2027.
For Q3 2026, RPM expects consolidated sales to increase by mid-single digits and Adjusted EBIT to grow mid to high single digits. For Q4 2026, sales are projected to grow in the mid-single digit range, and Adjusted EBIT is anticipated to be up low to high single digits.
RPM announced an agreement to acquire Kalzip, a German-based leader in metal-based roofing and facades, for 150 million EUR. This acquisition is expected to close in fiscal Q4 2026 and will strengthen RPM's high-performance buildings offering.
A $12.7 million earnout liability associated with The Pink Stuff acquisition was reversed, as current sales forecasts are more in line with base case assumptions, making aggressive targets unlikely to be met.

8 days ago

Transcript

RPM International Reports Q2 2026 Results, Announces SG&A Optimization, and Provides Outlook

RPM

Earnings

Guidance Update

M&A

RPM International achieved record sales in Q2 2026, but momentum slowed as the quarter progressed, resulting in a decline in margins due to higher expenses and temporary inefficiencies.
The company is implementing SG&A optimization actions expected to yield an annual benefit of approximately $100 million, with $5 million realized in Q3, an incremental $20 million in Q4, and the remaining $75 million in fiscal 2027.
An agreement was announced to acquire Kalzip, a German-based leader in metal-based roofing and facades, for EUR 150 million, with the acquisition expected to close in fiscal Q4 2026.
For Q3 2026, RPM expects consolidated sales to increase by mid-single digits and Adjusted EBIT to grow mid to high single digits; for Q4 2026, sales are expected to grow in the mid-single digit range and Adjusted EBIT to be up low to high single digits.
RPM increased its dividend for the 52nd consecutive year.

8 days ago

Transcript

RPM International Inc. Reports Fiscal Q2 2026 Results

RPM

Earnings

Guidance Update

Demand Weakening

RPM International Inc. reported record second-quarter sales of $1.91 billion, an increase of 3.5% compared to the prior year, for the period ended November 30, 2025.
Second-quarter diluted EPS was $1.26, while adjusted diluted EPS decreased by 13.7% to $1.20.
Sales growth was at the lower end of expectations, influenced by a prolonged government shutdown, longer lead times on construction projects, and negative consumer sentiment.
The company is implementing SG&A-focused optimization actions expected to generate approximately $100 million annually in benefits once fully implemented.
For fiscal 2026, the third-quarter outlook projects mid-single-digit sales growth and a mid- to high-single-digit increase in adjusted EBIT, while the fourth-quarter outlook anticipates mid-single-digit sales growth and a low- to high-single-digit increase in adjusted EBIT.

8 days ago

8-K

RPM International Inc. Reports Fiscal 2026 Second-Quarter Results and Provides Outlook

RPM

Earnings

Guidance Update

Demand Weakening

RPM International Inc. reported record second-quarter sales of $1.91 billion, an increase of 3.5% compared to the prior year, for the fiscal quarter ended November 30, 2025.
For the same period, adjusted diluted EPS decreased by 13.7% to $1.20, and adjusted EBIT decreased by 11.2% to $226.6 million, primarily due to slower demand, growth investments, and temporary inefficiencies from facility consolidations.
In response to market conditions, the company is implementing SG&A-focused optimization actions expected to generate approximately $100 million in annual benefits once fully implemented, with $5 million anticipated in Q3 fiscal 2026 and an incremental $20 million in Q4 fiscal 2026.
For the fiscal 2026 third and fourth quarters, RPM anticipates mid-single-digit sales growth and adjusted EBIT increases ranging from mid- to high-single digits in Q3 and low- to high-single-digits in Q4.

8 days ago

Press Release

RPM Announces Acquisition of Kalzip

RPM

M&A

New Projects/Investments

RPM International Inc. (NYSE:RPM) announced that its Tremco Construction Products Group will acquire Kalzip GmbH, a global leader in the design and production of metal-based roofs and facades.
Kalzip generated net sales of approximately €75 million in calendar year 2024.
The acquisition is expected to close in the fourth quarter of fiscal 2026, subject to customary closing conditions.
This acquisition is intended to bolster Tremco CPG’s building envelope systems capabilities and enhance its position in key international markets, including Europe and India.

Jan 7, 2026, 9:15 PM

Press Release

Avalon GloboCare Acquires RPM Interactive in All-Stock Transaction

RPM

M&A

Delisting/Listing Issues

Convertible Preferred Issuance

Avalon GloboCare Corp. acquired RPM Interactive, Inc., a generative artificial intelligence (AI) publishing and software company, in an all-stock transaction valued at $19.5 million.
The acquisition is expected to resolve Avalon's Nasdaq minimum stockholders’ equity deficiency, which is crucial for its continued listing on The Nasdaq Capital Market.
RPM Interactive developed the Catch-Up Software-as-a-Service (SaaS) platform for automated short-form video content creation, which Avalon plans to leverage for marketing its KetoAir™ product.
In connection with the merger, Michael Mathews, former Chief Executive Officer of RPM, has been appointed to Avalon's Board of Directors.

Dec 15, 2025, 1:30 PM

Press Release

RPM International Inc. Announces Leadership Changes, Strategic Reorganization, and Dividend Increase

RPM

Management Change

Dividends

Proxy Vote Outcomes

RPM International Inc. announced key leadership changes and a strategic reorganization, transitioning from four reporting groups to three.
David Dennsteadt was elected Executive Vice President, overseeing all corporate administrative functions, and Gregory Michael succeeded him as group president of the newly expanded Performance Coatings Group.
The company declared a regular quarterly cash dividend of $0.54 per share, representing a 5.9% increase over the prior year and marking the 52nd consecutive year of dividend increases.
At the annual meeting held on October 2, 2025, all nine directors standing for election were re-elected, and the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending May 31, 2026, was ratified.

Oct 8, 2025, 8:27 PM

8-K

RPM International Inc. Reports Record FY 2025 Results and Provides FY 2026 Outlook

RPM

Earnings

Dividends

Management Change

RPM International Inc. reported record sales of nearly $7.4 billion for fiscal year 2025, with adjusted EBIT increasing 3.7% and adjusted earnings per share reaching $5.30, an increase of 7.3%.
For the first quarter of fiscal year 2026, sales grew 7.4%, adjusted EBIT increased by 2.9%, and adjusted diluted EPS was $1.88, up 2.2%. The company forecasts full fiscal year 2026 sales growth in the low to mid-single digits and adjusted EBIT growth in the high single digits to low double digits.
The Board of Directors approved a regular quarterly cash dividend of $0.54 per share, marking the 52nd consecutive year RPM has increased its cash dividend.
The company concluded its three-year MAP 2025 Operating Improvement Program, achieving record results in sales, adjusted EBIT, and adjusted EPS in each of the three years, and an all-time record EBIT margin of 13.2%.
RPM announced organizational changes, merging its Specialty Products Group into the Performance Coatings Group, and elected Dave Dennsteadt as Executive Vice President, with Greg Michael succeeding him as Group President of Performance Coatings Group.

Oct 2, 2025, 5:30 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for RPM INTERNATIONAL INC/DE/.

Q2 2026

Jan 8, 2026

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Q1 2026

Oct 1, 2025

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Q4 2025

Jul 24, 2025

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RPM INTERNATIONAL INC/DE/ (RPM)

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Frank C. Sullivan

David C. Dennsteadt

Janeen B. Kastner

Russell L. Gordon

Timothy R. Kinser

Tracy D. Crandall

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Bruce A. Carbonari

Christopher L. Mapes

Craig S. Morford

Elizabeth F. Whited

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Frederick R. Nance

Jenniffer D. Deckard

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David L. Begleiter

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John Ezekiel E. Roberts

Josh Spector

Joshua David Spector

Lucas Beaumont

Lucas Spellman

Matthew Deyoe

Matthew Krueger

Michael Joseph Sison

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