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RPM International Inc (RPM.N)

RPM.N on New York Stock Exchange

60.91USD
24 Apr 2019
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Latest Key Developments (Source: Significant Developments)

RPM International Says Formal Discovery Commenced In Jan 2018 And Is Ongoing
Monday, 25 Feb 2019 08:54am EST 

Feb 25 (Reuters) - RPM International Inc ::RPM INTERNATIONAL SAYS FORMAL DISCOVERY COMMENCED IN JANUARY 2018 AND IS ONGOING - SEC FILING.FURTHER DEPOSITIONS SCHEDULED IN JANUARY 2019 WERE PUT ON HOLD DUE TO U.S. GOVERNMENT SHUTDOWN.COURT GRANTED A JOINT MOTION TO MODIFY CASE SCHEDULE IN LIGHT OF DELAY RESULTING FROM U.S. GOVERNMENT SHUTDOWN.SET DEADLINES INCLUDING MAY 10, 2019 FOR DISCOVERY, JULY 19, 2019 FOR GENERAL COUNSEL'S DISPOSITIVE MEMOS.SETS DEADLINE AS SEPT 13, 2019 FOR SEC'S OPPOSITIONS AND CROSS-DISPOSITIVE MOTIONS, OCT 11, FOR GENERAL COUNSEL'S REPLY BRIEFS.INTEND TO CONTINUE TO CONTEST ALLEGATIONS IN COMPLAINT.STOCKHOLDER DERIVATIVE ACTION WAS FILED IN UNITED STATES DISTRICT COURT.COURT HAS STAYED STOCKHOLDER DERIVATIVE ACTION PENDING COMPLETION OF SEC ENFORCEMENT ACTION.  Full Article

RPM International Reports Q2 EPS Of $0.37
Friday, 4 Jan 2019 06:46am EST 

Jan 4 (Reuters) - RPM International Inc ::RPM REPORTS FISCAL 2019 SECOND-QUARTER RESULTS.Q2 EARNINGS PER SHARE $0.52 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $0.37.Q2 SALES $1.36 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.38 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.67 -- REFINITIV IBES DATA.SEES Q3 EARNINGS PER SHARE $0.10 TO $0.12.MAINTAINING LONG-TERM PROJECTIONS PROVIDED AT NOVEMBER 28 INVESTOR DAY.IN Q3, FROM AN OPERATING PERSPECTIVE, REVENUE GROWTH SHOULD REMAIN IN LOW- TO MID-SINGLE-DIGIT RANGE.ANTICIPATE SIGNIFICANTLY LOWER REPORTED EARNINGS AND EARNINGS PER SHARE FOR Q3 PERIOD ENDING FEBRUARY 28, 2019.COMPLETED ACTIONS IN Q2 INCLUDE ANNOUNCED CLOSURE OF FIVE MANUFACTURING PLANTS, REDUCTION OF 149 POSITIONS.RPM INTERNATIONAL - QTRLY BOTTOM LINE IMPACTED BY RISE IN COSTS FOR RAW MATERIALS, FREIGHT, LABOR, ENERGY, ADVERSE FOREIGN EXCHANGE TRANSLATION.Q3 EARNINGS PER SHARE VIEW $0.28, REVENUE VIEW $1.15 BILLION -- REFINITIV IBES DATA.EXPECT A YEAR-OVER-YEAR NEGATIVE IMPACT DURING Q3 OF $5 MILLION TO $6 MILLION.  Full Article

RPM International Acquires Miracle Sealants Co
Monday, 19 Mar 2018 04:15pm EDT 

March 19 (Reuters) - Rpm International Inc ::RPM ACQUIRES LEADER IN TILE AND GROUT SEALER MARKET.RPM - TERMS OF DEAL, WHICH IS EXPECTED TO BE ACCRETIVE TO EARNINGS WITHIN ONE YEAR, EXCLUDING ONE-TIME, TRANSACTION-RELATED COSTS, WERE NOT DISCLOSED.  Full Article

RPM Reports Q2 Earnings Per Share $0.70
Thursday, 4 Jan 2018 06:45am EST 

Jan 4 (Reuters) - RPM International Inc ::RPM REPORTS RECORD FISCAL 2018 SECOND-QUARTER RESULTS.Q2 EARNINGS PER SHARE $0.70.Q2 SALES $1.32 BILLION VERSUS I/B/E/S VIEW $1.26 BILLION.Q2 ADJUSTED EARNINGS PER SHARE $0.52.Q2 EARNINGS PER SHARE VIEW $0.59 -- THOMSON REUTERS I/B/E/S.- FISCAL 2018 GUIDANCE INCREASED.- ‍INCREASING FULL-YEAR FISCAL 2018 EPS GUIDANCE TO A RANGE OF $3.00 TO $3.10 PER SHARE​.- WITH ENACTMENT OF NEW FEDERAL TAX LEGISLATION TWO WEEKS AGO, THERE IS A CORPORATE RATE REDUCTION FROM 35 PERCENT TO 21 PERCENT.- "‍IN CONSUMER SEGMENT, WE EXPECT SALES GROWTH IN LOW-TO-MID-SINGLE-DIGIT RANGE DURING BACK HALF OF FISCAL YEAR 2018"​.RPM INTERNATIONAL - CORPORATE RATE REDUCTION ‍EXPECTED TO ADD ABOUT $0.10 PER DILUTED SHARE TO FISCAL 2018 OUTLOOK​.FY2018 EARNINGS PER SHARE VIEW $2.86 -- THOMSON REUTERS I/B/E/S.  Full Article

RPM Acquires Leader In Rust Stain Removal Products
Monday, 4 Dec 2017 04:11pm EST 

Dec 4 (Reuters) - Rpm International Inc ::RPM ACQUIRES LEADER IN RUST STAIN REMOVAL PRODUCTS.RPM INTERNATIONAL INC - TERMS OF TRANSACTION, WHICH IS EXPECTED TO BE ACCRETIVE TO EARNINGS WITHIN ONE YEAR, WERE NOT DISCLOSED.RPM INTERNATIONAL INC - ANNOUNCED THAT ITS RUST-OLEUM BUSINESS GROUP HAS ACQUIRED WHINK PRODUCTS.  Full Article

RPM acquires UK provider of structural movement control products
Monday, 30 Oct 2017 09:00am EDT 

Oct 30 (Reuters) - RPM International Inc :RPM acquires UK provider of structural movement control products.Terms of transaction, which is expected to be accretive to earnings within one year, were not disclosed​.Announced that its USL Group has acquired Ekspan Holdings Limited​.  Full Article

RPM International reports Q1 EPS of $0.86
Wednesday, 4 Oct 2017 06:45am EDT 

Oct 4 (Reuters) - RPM International Inc : :RPM reports record results for fiscal 2018 first quarter.Q1 earnings per share $0.86.Q1 earnings per share view $0.84 -- Thomson Reuters I/B/E/S.Reaffirms FY 2018 earnings per share view $2.85 to $2.95.Q1 sales $1.35 billion versus I/B/E/S view $1.32 billion.RPM International Inc - full-year eps guidance maintained.RPM International - "believe that severe hurricane season will initially hinder sales in Q2, but provide higher than originally expected sales in back half".FY 2018 earnings per share view $2.87 -- Thomson Reuters I/B/E/S.RPM-Sales growth guidance for balance of fiscal 2018 in industrial,consumer segments is in mid-single-digit range,specialty in low-to mid-single-digit range.RPM International Inc - co continues to incur expenses relating to ongoing integration of Flowcrete and Euclid into newly formed Euclid Group​.  Full Article

RPM reports Q4 earnings per share $0.94
Monday, 24 Jul 2017 06:45am EDT 

July 24 (Reuters) - RPM International Inc ::RPM reports fourth-quarter and full-year results for fiscal 2017.Q4 earnings per share $0.94.Q4 earnings per share view $1.18 -- Thomson Reuters I/B/E/S.Sees Q1 2018 earnings per share $0.83 to $0.85.Sees FY 2018 earnings per share $2.85 to $2.95.Q4 earnings per share $1.02 excluding items.Q4 sales $1.49 billion versus I/B/E/S view $1.5 billion.RPM International Inc says expect industrial segment to grow sales in low-to-mid-single-digit range during fiscal 2018.RPM - during Q4, co prepaid Dec 2017 524(g) trust obligation of $119.1 million, as well as fiscal 2018 U.S. Pension plan contribution of $52.8 million."In consumer segment, we are expecting mid-single-digit growth" for fiscal 2018.RPM International Inc says in specialty segment, expect low-single-digit growth for 2018 driven by fiscal 2017 acquisitions and organic growth.RPM International Inc - For fiscal year 2018, co expects a return to double-digit earnings growth in 12pct to 15pct range.  Full Article

RPM acquired Key Resin Co, a manufacturer of polymer flooring and coating systems​
Friday, 21 Jul 2017 09:00am EDT 

July 21 (Reuters) - RPM International Inc :RPM acquires leading polymer flooring manufacturer.RPM International Inc - ‍terms of transaction, which is expected to be accretive to earnings within one year, were not disclosed.​.RPM International Inc - ‍acquired Key Resin Company, a manufacturer of polymer flooring and coating systems​.RPM International Inc - ‍Key Resin Company will operate as one of RPM's Euclid Group of companies​.  Full Article

RPM International amended and extended its existing $200 mln accounts receivable securitization facility
Monday, 8 May 2017 05:00pm EDT 

May 8 (Reuters) - RPM International Inc :on May 2, 2017, amended and extended its existing $200 million accounts receivable securitization facility.RPA amendment extends facility termination date of A/R facility to May 8, 2020 - SEC filing.  Full Article