FAQ
FREQUENTLY ASKED QUESTIONS

RPM's most recent consolidated financial results can be found in the company's earnings news release, as well as in its 10-K, 10-Q and other periodic filings with the Securities and Exchange Commission.

RPM's most recent segment financial results can be found in the company's earnings news release, as well as in its 10-K, 10-Q and other periodic filings with the Securities and Exchange Commission.

RPM’s operating improvement plan, known as the “MAP to Growth,” includes initiatives to drive greater efficiency in order to accelerate growth and increase value from the unique entrepreneurial culture and leading brands that have been the foundation of RPM’s success for decades. On May 31, 2021, the MAP to Growth program was brought to a successful conclusion. More information can be found in the fiscal 2021 fourth-quarter earnings release and conference call. Highlights of the plan included:

  • Realignment of the company’s three segments, comprised of six business groups, into four reportable segments: Performance Coatings, Construction Products, Consumer and Specialty Products. These newly aligned groups are led by four proven operating presidents. Reorganizing into these four groups is enabling RPM to better manage its assets and improve synergies across the enterprise.
  • Targeting $290 million in annualized cost savings through consolidation and, where appropriate, centralization of key shared service functions, including manufacturing operations, supply chain and procurement, information technology, and finance and administration. At the program’s conclusion, RPM generated $320 million in annualized cost savings, exceeding the original target by $30 million.
  • Maintaining the company’s entrepreneurial growth culture by keeping key customer-focused functions that make RPM unique – such as technical support, sales, marketing, and R&D – at the business level.
  • Disciplined and value-creating “protect the house” approach to capital allocation, designed to maintain an investment-grade profile while allowing for further investment in growth, strategic M&A spending, and return of capital to shareholders.

The company’s leadership is working on a “MAP 2.0” strategic program that will chart a course for 2025.

RPM continues to be more efficient in utilizing manufacturing assets to generate cost savings opportunities. The benefits of its center-led procurement initiatives are becoming even more evident in the current inflationary raw material environment. At the conclusion of fiscal year 2021, which ended May 31, 2021, the company exceeded the program’s targeted run rate of $290 million in annualized savings by $30 million. RPM also significantly improved its profit margin profile and cash generation, as reflected in the cumulative total return generated by RPM that has exceeded its peer group average over the last three years.

Over the course of the three-year initiative, RPM reduced its global manufacturing footprint by 28 facilities, created a lasting culture of manufacturing excellence and continuous improvement, consolidated material spending across our operating companies, negotiated improved payment terms that helped to reduce working capital, consolidated 46 accounting locations, migrated 75% of the organization to one of four group-level ERP platforms and returned $1.1 billion of capital to shareholders. Additional details can be found in the fiscal 2021 fourth-quarter earnings release and conference call.

While RPM officially concluded its MAP to Growth operating improvement plan, the company expects to generate more than $50 million in incremental MAP to Growth savings in fiscal 2022. RPM’s next step is to leverage the lessons learned from MAP to Growth to chart a course for 2025. Over the next six to 12 months, RPM will be working on a ‘MAP 2.0’ program in conjunction with our operating leaders.

RPM's most recent financial results can be found in the company's earnings news release, as well as in its 10-K, 10-Q and other periodic filings with the Securities and Exchange Commission.

RPM's most recent business outlook can be found in the company's earnings news release, as well as in its 10-K, 10-Q and other periodic filings with the Securities and Exchange Commission.

Yes. RPM continues to be active in pursuing acquisitions of free-standing entrepreneurial companies and product lines that complement its portfolio of specialty coatings, sealants and construction chemicals businesses. Over the last 30 years, RPM has completed approximately 175 acquisitions, with nearly 60 of these transactions being completed during the last decade.

RPM’s most recent acquisition was announced on June 7, 2021, when its Carboline business acquired Dudick Inc. Headquartered in Streetsboro, Ohio, Dudick Inc. is a provider of high-performance coatings, flooring systems and tank linings.

RPM has increased the cash dividend paid to its stockholders for 47 consecutive years, placing it in an elite category of less than a half percent of all publicly traded U.S. companies. Only 41 other companies besides RPM have consecutively paid an increasing annual dividend for this period of time or longer, according to the Mergent Handbook of Dividend Achievers. During this timeframe, the company has paid approximately $2.6 billion in cash dividends to its stockholders.

RPM’s last dividend increase was on October 8, 2020, when the board of directors raised RPM's quarterly cash dividend to $0.38 per common share, a 5.6% increase over the previous quarterly dividend rate of $0.36 per common share.

Annually increasing its dividend is a long-standing RPM hallmark. Given current uncertain economic conditions, the company is pleased that its strong cash flow has allowed it to continue this practice and deliver stockholders a positive cash return on their investment. For the ten-year and period ended May 31, 2021, RPM's return to shareholders has outperformed the S&P 500 Index by 33%, including the assumed reinvestment of dividends. RPM's annual dividend growth has been a critical element of its ability to significantly outperform this broad market index and to deliver value to RPM shareholders.

 

RPM will host its 2021 annual meeting of stockholders virtually, rather than in person, in an effort to protect the health and well-being of its investors and employees from Covid-19 and its variants. The annual meeting will be held via webcast at 2:00 p.m. EDT on Thursday, October 7, 2021. Details for accessing the meeting can be found on the Annual Meeting page of this website.

With the fiscal year ending on May 31, the annual report and proxy are typically mailed in late August each year. If you would like a copy of the current annual report, you may request one through the Information Request section of this website.

Your unique control number is a 16-digit number found on the top half of your proxy card, about halfway down on the right-hand side. See example here.

As of May 31, 2021, RPM's actual shares outstanding were 129.6 million, while average shares outstanding for computation of fiscal 2021 fourth-quarter basic and diluted earnings per share were 128.0 million and 129.7 million, respectively.

RPM's operating companies employ approximately 15,500 people worldwide, plus hundreds of independent sales and technical representatives.

Products manufactured by RPM's numerous operating companies are sold in nearly 170 countries and territories.

Yes, RPM does offer direct purchase of its stock through the Direct Stock Purchase Plan administered by American Stock Transfer & Trust Company, LLC (AST). Your initial purchase of RPM stock must be at least $200. After that, additional shares can be purchased, commission-free, at a minimum of $25 and a maximum of $5,000 per month. Contact AST at 1-800-988-5238 or help@astfinancial.com for an enrollment form or download an enrollment form here.

Yes. RPM maintains a Dividend Reinvestment Plan whereby cash dividends, plus additional investment of up to $5,000 per month, may be invested in additional RPM shares at no commission cost or service fee. Details of the plan are available online or by contacting RPM at 1-800-776-4488 or AST at 1-800-988-5238 (or 718-921-8124 outside the U.S.) or help@astfinancial.com. Only shareholders of record may participate in the plan. Shares owned by you but held by your broker in "street name" must be transferred into your name before you can enroll in the plan.

Please contact our stock transfer agent, AST, at 1-800-988-5238 (or 718-921-8124 outside the U.S.) or help@astfinancial.com, and they will be happy to assist you. You can also obtain information online at www.astfinancial.com.

RPM stock is purchased within five days of receipt of your check. Timing of your cash payment should be made accordingly. Your check should be made payable to American Stock Transfer & Trust Company and mailed to: AST, Attention: RPM International Inc., 6201 15th Avenue, Brooklyn, NY 11219. The same amount of money need not be invested each month and there is no obligation to make voluntary cash payments each month.

Yes. This service allows you to arrange for automatic monthly or quarterly investments in RPM stock by taking the funds directly from your checking or savings account and investing them in RPM stock. There is no cost to you for this service. To initiate automatic deductions, contact AST at 1-800-988-5238 (or 718-921-8124 outside the U.S.) or help@astfinancial.com to request an authorization form to be completed by you and mailed to AST.

Yes. Shareholders of record may have their dividends electronically deposited directly into their checking or savings account through the Direct Deposit Program at no charge. For information regarding this service, please contact AST at 1-800-988-5238 (or 718-921-8124 outside the U.S.) or help@astfinancial.com.

No action is necessary. All of your information will be transferred to AST.

No exchange is necessary. All shareholder correspondence will be forwarded to AST and processed as soon as possible.

If you are currently enrolled in the DRIP, you will remain in the plan and no action is needed. If you would like to enroll, please visit www.astfinancial.com.

If you are currently enrolled in the DSPP, you will remain in the plan and no action is needed. If you would like to enroll, please visit www.astfinancial.com.

For fees associated with the RPM DRIP and DSPP, please visit www.astfinancial.com.

No. All of your account information will be transferred to AST.

Yes. All account information is being transferred to AST.

If you wish to enroll in direct deposit, please complete and return the Direct Deposit Authorization Form.

If you are holding a dividend check you should cash it as soon as possible. All checks are valid for six months after they are issued.

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2628 Pearl Road P.O. Box 777 Medina, OH 44258 | 330-273-5090 | info@rpminc.com
Fortune 500 2021

© RPM International Inc.

© RPM International Inc.