$RPM (RPM International Inc.)

$RPM {{ '2016-03-04T04:47:32+0000' | timeago}} • Announcement

Coatings, sealants and building materials maker $RPM said its Rust-Oleum Corp. subsidiary has acquired a former division of Clayton Valve, Seal-Krete, which makes concrete care coatings and sealants. Terms of the transaction were not disclosed, though the deal is expected to add to earnings within one year.

$RPM {{ '2017-07-25T21:21:47+0000' | timeago}} • Infographic

$RPM has appointed David P Reif as President of RPM Industrial Segment. Reif, formerly President of the RPM Performance Coatings Group, has served as CFO of RPM and President of its StonCor Group. He will report to President and COO Ronald A Rice. The company also promoted David Dennsteadt to Group President of RPM Performance Coatings Group.

$RPM {{ '2017-07-21T16:13:42+0000' | timeago}} • Announcement

$RPM has acquired Key Resin Company, a provider of speciality building materials. Key Resin will be incorporated into RPM’s Euclid Group. The transaction is expected to be accretive to the company’s earnings within one year. The terms of the deal have not been disclosed.

$RPM {{ '2017-07-19T13:03:55+0000' | timeago}} • Announcement

$RPM appointed Julie Lagacy to its BoD, effective immediately, and has nominated Robert Livingston as a director candidate for election to the board at its annual stockholders' meeting on Oct. 5, 2017. Lagacy is VP of global information services and CIO at $CAT, and Livingston is president and CEO of $DOV.

$RPM {{ '2017-04-06T15:13:07+0000' | timeago}} • Webcast

$RPM stated that the weakness in the specialty market relates to challenging comps YoY. The company also saw some slowdown in certain OEM businesses. $RPM is estimating low single digit growth for the specialty market going into 4Q17. In the industrial market, $RPM expects low to mid single digit organic growth for 4Q17.

$RPM {{ '2017-04-06T14:50:23+0000' | timeago}} • Webcast

$RPM said its biggest challenge in Brazil was tough comps. The company continues to have a positive investment profile in Brazil and it is bullish across a couple of its businesses for this market. The improvement in the Real also suggests the underlying economy is improving.

$RPM {{ '2017-04-06T14:20:50+0000' | timeago}} • Webcast

In 3Q17, $RPM’s organic sales decreased 0.1%. In the Industrial segment, organic sales increased 2.5% while in the Specialty segment, organic sales decreased 0.6%. In the Consumer segment, organic sales decreased 3.6%. Consolidated gross profit increased 3.8% to $428.6MM in 3Q17.

$RPM {{ '2017-04-06T11:32:07+0000' | timeago}} • Announcement

$RPM's Industrial segment sales in 3Q17 increased 5.8% to $521.4MM, while sales in specialty segment rose 1.8% to $159.7MM. Meanwhile, $RPM reported 0.7% increase in consumer segment sales to $341.4MM during the quarter. On a different note, $RPM said its five acquisitions during the quarter will add approx $170MM in annualized sales.

$RPM {{ '2017-04-06T11:25:30+0000' | timeago}} • Announcement

$RPM maintained its EPS guidance for FY17 in the range of $1.54-1.64. However, it lowered its adjusted EPS guidance by $0.05 per share, and currently expects it between $2.57 and $2.67 due to impairment and restructuring charges.

$RPM {{ '2017-04-06T11:18:17+0000' | timeago}} • Announcement

$RPM posted mixed results in 3Q17. Net sales grew 3.4% to $1Bil, riding on revenue hike in all three segments. However, higher impairment and restructuring charges lowered net income attributable to $RPM to  to $11.9MM, or $0.09 per share, from prior-year quarter's $18.6MM, or $0.14 per share. Excluding items, EPS was unchanged at $0.09.

$RPM {{ '2017-01-17T15:45:04+0000' | timeago}} • Announcement

$RPM has acquired Prime Resins to be part of its USL Group. Prime Resins is a manufacturer of specialty chemicals and equipment for infrastructure construction and repair and has annual net sales of approx. $7MM. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

$RPM {{ '2017-01-05T16:24:57+0000' | timeago}} • Webcast

$RPM saw mixed performance in the industrial sector. The company saw strong performance in the UK across all its businesses and particularly strong performance by Rust-Oleum. Due to the negative effects of the pound and euro, these results are not reflected well in US dollars as compared to local currencies.

$RPM {{ '2017-01-05T16:10:51+0000' | timeago}} • Webcast

$RPM said organic growth in the consumer business, excluding Kirker, was up 6.5% in 2Q17. The company is picking up share in the Wood Stains & Finishes category and Small-Project Paints. $RPM was inhibited by capacity issues in 1H17 which were addressed in a manner that will eliminate capacity constraints in 2H17.

$RPM {{ '2017-01-05T15:56:22+0000' | timeago}} • Webcast

$RPM wrote off a substantial portion of goodwill and intangibles on the Kirker business. The deterioration of this business accelerated due to about a 15-20% decline in the overall market and some supply chain actions. $RPM expects to see better leverage to profits in the core consumer businesses that will compensate for Kirker’s shortfall in 2H17.

$RPM {{ '2017-01-05T15:39:24+0000' | timeago}} • Webcast

$RPM expects to incur higher professional fees associated with acquisitions in 3Q17. The company also expects to incur inventory step-up charges on the first turn of inventory for the acquisitions. $RPM expects a $0.05 per share approximate charge in Europe for restructuring.

$RPM {{ '2017-01-05T15:28:35+0000' | timeago}} • Webcast

During 2Q17, $RPM’s industrial segment sales increased 1.6% QoverQ to $633.4MM. Consumer segment sales increased 4.1% to $373.8MM. Specialty segment sales increased 5.7% to $183.6MM. Organic sales for the specialty segment increased 5.2%, acquisition growth added 2.5% and foreign currency translation reduced sales by 2%.

$RPM {{ '2017-01-05T14:29:09+0000' | timeago}} • Announcement

$RPM announced acquisition of two businesses, a manufacturer of commercial floor cleaning equipment and chemicals, and a manufacturer of specialty chemical raw materials. $RPM also stated that the companies have combined annual net sales of approx. $42MM. Terms of the transactions were not disclosed.

$RPM {{ '2017-01-05T13:10:44+0000' | timeago}} • Announcement

$RPM now expects FY17 EPS of $1.54-1.64, which includes Flowcrete Middle East charge, Kirker charge, estimated restructuring as well as higher currency headwinds and higher pension expense. Excluding charge for Kirker impairment, Flowcrete Middle East exit, and expected restructuring in Europe, FY17 EPS forecast is $2.62-2.72.

$RPM {{ '2017-01-05T13:05:51+0000' | timeago}} • Announcement

In industrial segment, $RPM expects continued solid growth for those businesses serving the U.S. commercial construction markets to be partially offset by continued global choppiness and a sluggish global energy sector. $RPM predicts growth in its international businesses to be in the low-single-digit range.

$RPM {{ '2017-01-05T12:59:57+0000' | timeago}} • Announcement

$RPM slipped to a 2Q17 loss from a profit last year, due to impairment charge and charge related to the decision to exit a business in the Middle East. Net loss was $70.93MM or $0.54 per share compared to a profit of $83.43MM or $0.62 per share last year. Net sales grew to $1.19Bil from $1.16Bil.

$RPM {{ '2017-01-04T18:03:05+0000' | timeago}} • Announcement

In an undisclosed deal, $RPM acquired the foam division of Clayton Corporation, which has got the foam brand Touch 'N Foam. The foam division of Clayton Corp., which will be a part of $RPM's DAP business, has annual net sales of approx. $60MM. The deal is expected to add to $RPM's earnings within one year.

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