GRAND FALLS-WINDSOR, Newfoundland and Labrador, Sept. 10, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to report a significant expansion of visible awaruite nickel-alloy mineralization at the RPM Zone, part of its 100% owned, district-scale, 30 kilometer-long Atlantic Nickel Project in Newfoundland (the "Atlantic Nickel Project" or the "Project"). RPM Drill hole AN-25-07, the second hole of the Phase 2 program, inte ...

GRAND FALLS-WINDSOR, Newfoundland and Labrador, Aug. 13, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") reports assays and Davis Tube Recovery ("DTR") metallurgical test results from drill hole AN-25-06, the first hole reported in the Phase 2 drill program at the RPM Zone, part of the district-scale Atlantic Nickel Project (the "Project") in Newfoundland. Drill hole AN-25-06 is the deepest and the longest drilled to date at the ...

Have you looked into how RPM International (RPM) performed internationally during the quarter ending May 2025? Considering the widespread global presence of this specialty chemicals company, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth. In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growt ...

Part I [Business](index=3&type=section&id=Item%201.%20Business) RPM International Inc. manufactures and markets specialty chemical products across four segments, reporting **$7.4 billion** in net sales for fiscal 2025 with international markets contributing approximately **30%** - RPM International Inc. manufactures and markets specialty chemical products, with **net sales of $7.4 billion** for the fiscal year ended May 31, 2025[14](index=14&type=chunk) Segment Contribution to Net Sales (FY 2025) | Segment | Percentage of Consolidated Net Sales | Description | | :--- | :--- | :--- | | **Construction Products Group (CPG)** | Approximately 38% | Construction sealants, adhesives, coatings, roofing systems, concrete products, and building envelope solutions | | **Performance Coatings Group (PCG)** | Approximately 20% | High-performance flooring, corrosion control coatings, infrastructure repair systems, and FRP structures | | **Consumer Group (Consumer)** | Approximately 33% | Rust-preventative paints, caulks, sealants, cleaners, woodcare coatings, and other branded consumer products | | **Specialty Products Group (SPG)** | Approximately 9% | Restoration equipment, colorants, industrial coatings, preservation products, and edible coatings for food/pharma | - International operations contributed approximately **28.9% of total net sales** in fiscal 2025, with direct U.S. exports adding another **0.8%**[24](index=24&type=chunk) - Sales to the top ten Consumer segment customers accounted for approximately **22% of the company's total net sales** in fiscal 2025[48](index=48&type=chunk) Research and Development Expenses (in millions) | Fiscal Year | R&D Expense (in millions) | | :--- | :--- | | 2025 | $94.7 | | 2024 | $92.2 | | 2023 | $86.6 | - The business exhibits seasonality, with stronger sales typically in the **first, second, and fourth fiscal quarters** and weaker performance in the **third fiscal quarter** (December-February)[47](index=47&type=chunk) [Risk Factors](index=18&type=section&id=Item%201A.%20Risk%20Factors) The company faces various risks including economic downturns, financial liabilities, operational challenges, and legal/regulatory compliance issues - **Economic & Strategic Risks:** Operations are sensitive to global economic conditions, public health crises, inflation, interest rates, and changes in construction and real estate markets, potentially impacting access to capital[65](index=65&type=chunk)[66](index=66&type=chunk)[69](index=69&type=chunk) - **Financial Risks:** The company carries significant goodwill (**$2.4 billion**) and intangible assets subject to impairment risk, with total debt of approximately **$2.6 billion** as of May 31, 2025, potentially affecting operational flexibility and cash flow[77](index=77&type=chunk)[82](index=82&type=chunk) - **Operational Risks:** The business is exposed to fluctuations in raw material costs, intense market competition, and significant customer concentration, particularly in the Consumer segment where the top ten customers account for approximately **65% of segment sales**[84](index=84&type=chunk)[88](index=88&type=chunk)[90](index=90&type=chunk) - **Legal & Regulatory Risks:** The company faces inherent risks from product liability, warranties, and environmental matters, subject to stringent environmental, health, and safety laws that could lead to unforeseen expenditures[109](index=109&type=chunk)[110](index=110&type=chunk) - **Cybersecurity Risks:** Reliance on IT systems exposes the company to cyber-attacks, data breaches, and evolving data privacy laws, with potential for negative publicity, legal claims, and operational disruptions[94](index=94&type=chunk)[101](index=101&type=chunk) [Unresolved Staff Comments](index=30&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) There are no unresolved staff comments - Not Applicable[120](index=120&type=chunk) [Cybersecurity](index=31&type=section&id=Item%201C.%20Cybersecurity) RPM's cybersecurity program, based on the NIST framework, is overseen by the Audit Committee and has not had a material impact from past incidents - The company's cybersecurity program is based on the U.S. National Institute for Standards and Technology (NIST) framework and is overseen by the Audit Committee of the Board of Directors[121](index=121&type=chunk)[125](index=125&type=chunk) - A dedicated Cybersecurity Team, including the CFO and General Counsel, assesses incident materiality, supported by a Senior Director - Information Security with over **15 years of experience**[126](index=126&type=chunk)[129](index=129&type=chunk) - While past cybersecurity incidents have occurred, none have had, or are materially likely to have, a material impact on RPM[125](index=125&type=chunk) [Properties](index=31&type=section&id=Item%202.%20Properties) As of May 31, 2025, RPM's operations occupied approximately **20.0 million square feet**, with **9.7 million square feet owned** and **10.3 million square feet leased** - As of May 31, 2025, the company's operations occupied a total of approximately **20.0 million square feet**[130](index=130&type=chunk) Property Ownership Breakdown (as of May 31, 2025) | Type | Square Feet (in millions) | | :--- | :--- | | Owned | 9.7 | | Leased | 10.3 | | **Total** | **20.0** | [Legal Proceedings](index=34&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in environmental remediation matters not expected to be material, but is disputing a **$6.2 million** EPA penalty for a Toxic Substances Control Act violation - The company is identified as a "potentially responsible party" for certain environmental clean-up efforts but believes these proceedings will not have a material adverse effect on its financial condition[134](index=134&type=chunk) - On January 14, 2025, the EPA proposed a civil penalty of approximately **$6.2 million** against a Consumer segment subsidiary for an alleged violation of the Toxic Substances Control Act, which the company is disputing without an estimable outcome[135](index=135&type=chunk) [Mine Safety Disclosures](index=34&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company - Not applicable[136](index=136&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=35&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) During Q4 fiscal 2025, RPM repurchased **171,447 shares** at an average price of **$111.09**, with approximately **$192.3 million** remaining for repurchase Share Repurchases in Q4 Fiscal 2025 | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | March 2025 | — | $— | | April 2025 | 466 | $106.75 | | May 2025 | 170,981 | $111.10 | | **Total Q4** | **171,447** | **$111.09** | - As of May 31, 2025, approximately **$192.3 million** remained available for repurchase under the stock repurchase program[139](index=139&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=36&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In fiscal 2025, consolidated net sales grew **0.5%** to **$7.37 billion**, gross profit margin improved to **41.4%**, and net income increased to **$690.3 million** due to a lower tax rate, while cash from operations decreased Consolidated Net Sales Growth by Segment (FY 2025 vs. FY 2024) | Segment | Total Growth | Organic Growth | Acquisition & Divestiture Impact | Foreign Currency Impact | | :--- | :--- | :--- | :--- | :--- | | CPG | 2.4% | 3.4% | 0.3% | (1.3%) | | PCG | 2.0% | 2.4% | 0.7% | (1.1%) | | Consumer | (1.8%) | (1.7%) | 0.6% | (0.7%) | | SPG | (1.8%) | (3.3%) | 1.5% | 0.0% | | **Consolidated** | **0.5%** | **0.8%** | **0.6%** | **(0.9%)** | - Consolidated gross profit margin increased by **30 basis points to 41.4%** in fiscal 2025, primarily due to savings from MAP 2025 initiatives offsetting reduced fixed-cost absorption and inflation[182](index=182&type=chunk) Key Financial Results (FY 2025 vs. FY 2024) | Metric | FY 2025 | FY 2024 | | :--- | :--- | :--- | | Net Income | $690.3 million | $589.4 million | | Diluted EPS | $5.35 | $4.56 | | Effective Tax Rate | 12.9% | 25.2% | - Cash provided by operating activities decreased to **$768.2 million** in fiscal 2025 from **$1.12 billion** in fiscal 2024, driven by less favorable changes in accounts receivable and increased inventory purchases[201](index=201&type=chunk)[202](index=202&type=chunk)[203](index=203&type=chunk) - Cash used for investing activities increased significantly to **$825.5 million** from **$206.4 million**, primarily due to a **$580.2 million increase** in cash used for business acquisitions, including the Star Brands Group[205](index=205&type=chunk) - The company formally concluded its MAP 2025 restructuring plan on May 31, 2025, incurring **$25.0 million** in related costs during the fiscal year, with an additional **$20.1 million** in charges expected in fiscal 2026[191](index=191&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=51&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to interest rate risk, with **37.0% of debt at floating rates**, and foreign currency risk, though a **10% exchange rate change** was not expected to materially impact fiscal 2025 net income - **Interest Rate Risk:** At May 31, 2025, **37.0% of debt** was subject to floating rates, where a hypothetical **100-bps increase** would have increased fiscal 2025 interest expense by **$4.8 million**[217](index=217&type=chunk) - **Foreign Currency Risk:** The company's financial statements are presented in U.S. dollars, exposing it to translation risk from foreign operations, but a **10% change** in foreign currency exchange rates would not have had a material impact on net income for fiscal 2025[218](index=218&type=chunk)[219](index=219&type=chunk) [Financial Statements and Supplementary Data](index=54&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) As of May 31, 2025, total assets were **$7.8 billion**, total debt **$2.6 billion**, net sales **$7.4 billion**, and net income **$690.3 million**, with detailed notes on acquisitions, goodwill, and a significantly lower effective tax rate of **12.9%** Consolidated Financial Highlights (in thousands) | Metric | May 31, 2025 | May 31, 2024 | | :--- | :--- | :--- | | **Balance Sheet** | | | | Total Assets | $7,775,949 | $6,586,543 | | Total Long-Term Debt | $2,638,922 | $1,990,935 | | Total Stockholders' Equity | $2,886,782 | $2,512,225 | | **Income Statement (FY Ended)** | | | | Net Sales | $7,372,644 | $7,335,277 | | Gross Profit | $3,050,478 | $3,014,589 | | Net Income | $690,327 | $589,442 | | **Cash Flow (FY Ended)** | | | | Cash from Operations | $768,190 | $1,122,305 | - **Acquisitions (Note F):** The company completed six acquisitions in fiscal 2025, most notably the purchase of Star Brands Group (The Pink Stuff) for a total price of **$487.4 million**, plus potential contingent consideration[316](index=316&type=chunk) - **Goodwill (Note C):** Goodwill increased to **$1.62 billion** from **$1.31 billion** due to acquisitions, with an impairment loss of **$11.4 million** recorded for the Color Group reporting unit in the SPG Segment[285](index=285&type=chunk)[286](index=286&type=chunk) - **Income Taxes (Note H):** The effective tax rate for fiscal 2025 was **12.9%**, a significant decrease from **25.2%** in 2024, primarily driven by a **$43.9 million** deferred tax adjustment related to U.S. foreign tax credit carryforwards[345](index=345&type=chunk)[346](index=346&type=chunk) - **Contingencies (Note P):** The company is involved in a lawsuit with a former supplier where a jury verdict of **$190.0 million** was reduced to **$110.8 million**, which the company is disputing and has accrued at the low end of its estimated range (**$0.5 million to $152.3 million**)[402](index=402&type=chunk)[403](index=403&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=117&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) There were no changes in or disagreements with accountants on accounting and financial disclosure - None[456](index=456&type=chunk) [Controls and Procedures](index=117&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal control over financial reporting were effective as of May 31, 2025, with no material changes during the fourth quarter - Management concluded that disclosure controls and procedures were effective as of May 31, 2025[457](index=457&type=chunk) - Management's assessment of internal control over financial reporting concluded it was effective as of May 31, 2025, excluding the recently acquired Star Brands Group[433](index=433&type=chunk)[434](index=434&type=chunk) - No material changes were made to internal control over financial reporting during the fourth quarter of fiscal 2025[459](index=459&type=chunk) [Other Information](index=117&type=section&id=Item%209B.%20Other%20Information) No Director or Section 16 officer adopted or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during fiscal 2025 - No Director or Section 16 officer adopted or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during fiscal 2025[460](index=460&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=117&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This section is not applicable to the company - Not applicable[461](index=461&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=118&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) This section provides information on key executive officers, including Frank C. Sullivan (Chairman, President & CEO) and Russell L. Gordon (VP & CFO), with further details incorporated by reference from the 2025 Proxy Statement - Information regarding directors and corporate governance is incorporated by reference from the company's 2025 Proxy Statement[464](index=464&type=chunk) Key Executive Officers (as of July 24, 2025) | Name | Age | Position | | :--- | :--- | :--- | | Frank C. Sullivan | 64 | Chairman, President and Chief Executive Officer | | Russell L. Gordon | 59 | Vice President and Chief Financial Officer | | Tracy D. Crandall | 52 | Vice President, General Counsel and Chief Compliance Officer | | Michael J. Laroche | 42 | Vice President, Controller and Chief Accounting Officer | [Executive Compensation](index=120&type=section&id=Item%2011.%20Executive%20Compensation) Information required by this item is incorporated by reference from the 2025 Proxy Statement - Information is incorporated by reference from the 2025 Proxy Statement[473](index=473&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=120&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information required by this item is incorporated by reference from the 2025 Proxy Statement - Information is incorporated by reference from the 2025 Proxy Statement[474](index=474&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=120&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information required by this item is incorporated by reference from the 2025 Proxy Statement - Information is incorporated by reference from the 2025 Proxy Statement[475](index=475&type=chunk) [Principal Accountant Fees and Services](index=120&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Information required by this item is incorporated by reference from the 2025 Proxy Statement - Information is incorporated by reference from the 2025 Proxy Statement[476](index=476&type=chunk) Part IV [Exhibits and Financial Statement Schedule](index=121&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedule) This section lists all financial statements, schedules, and exhibits filed as part of the Form 10-K report - This section contains the list of all financial statements, schedules, and exhibits filed with the Form 10-K[478](index=478&type=chunk)[479](index=479&type=chunk)

Company Participants - RPM International's leadership includes Frank C. Sullivan as Chairman, President & CEO, Matthew E. Schlarb as Vice President of Investor Relations & Sustainability, Michael J. Laroche as VP, Controller & Chief Accounting Officer, and Russell L. Gordon as VP & CFO [1] Conference Call Overview - The RPM International Fiscal Fourth Quarter and Fiscal Year 2025 Earnings Conference Call was initiated with a welcome message and instructions for participants [2] - The call featured key executives including Frank Sullivan, Rusty Gordon, and Michael Laroche, and was recorded for future access on the RPM website [3]

Core Insights - RPM International reported $2.08 billion in revenue for the quarter ended May 2025, marking a year-over-year increase of 3.7% and exceeding the Zacks Consensus Estimate by 3.21% [1] - The company's EPS for the same period was $1.72, up from $1.56 a year ago, representing a surprise of 7.5% over the consensus estimate of $1.60 [1] Revenue Performance - Net Sales for the Construction Products Group (CPG) reached $809.91 million, surpassing the five-analyst average estimate of $765.19 million, with a year-over-year change of 6.3% [4] - Net Sales for the Specialty Products Group (SPG) were $181.32 million, exceeding the average estimate of $174.42 million, reflecting a year-over-year increase of 1.9% [4] - Net Sales for the Consumer Segment totaled $691.54 million, slightly below the estimated $693.37 million, showing a decline of 1.6% year-over-year [4] - Net Sales for the Performance Coatings Group (PCG) amounted to $399.21 million, exceeding the average estimate of $383.18 million, with a year-over-year increase of 9.2% [4] Adjusted EBIT Performance - Adjusted EBIT for the Consumer Segment was $122.47 million, above the average estimate of $115.06 million [4] - Adjusted EBIT for the Specialty Products Group (SPG) was $11.38 million, slightly below the average estimate of $11.81 million [4] - Adjusted EBIT for the Performance Coatings Group (PCG) was $57.77 million, in line with the average estimate of $57.67 million [4] - Adjusted EBIT for the Construction Products Group (CPG) reached $158.11 million, exceeding the average estimate of $143.07 million [4] - Adjusted EBIT for Corporate/Other was -$35.35 million, slightly better than the average estimate of -$35.57 million [4] Stock Performance - RPM International's shares have returned +3.6% over the past month, compared to the Zacks S&P 500 composite's +5.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - Consolidated sales increased by 3.7% to a record in Q4, driven by systems and turnkey solutions for high-performance buildings and acquisitions [17] - Adjusted EBIT increased by 10.1% to a record level, benefiting from volume growth and MAP 2025 initiatives [17] - Adjusted EPS reached a record, supported by improved adjusted EBIT [17] - Record annual sales, adjusted EBIT, and adjusted EPS achieved for each year since the MAP 2025 program began [9][10] Business Line Data and Key Metrics Changes - **Construction Products Group**: Sales increased to a record, driven by systems and turnkey roofing solutions, with record adjusted EBIT achieved [19] - **Performance Coatings Group**: Achieved record sales led by turnkey flooring solutions and M&A, with record adjusted EBIT due to higher volumes [20] - **Specialty Products Group**: Sales improved as specialty OEM showed signs of stabilization, but demand was soft in fluorescent pigments and disaster restoration [21] - **Consumer Group**: Sales declined modestly due to continued DIY softness, but adjusted EBIT increased to a record driven by MAP 2025 benefits [21] Market Data and Key Metrics Changes - Growth was led by Europe, with sales benefiting from Performance Coatings and M&A [18] - North America saw sales growth driven by system and turnkey solutions for high-performance buildings [18] - Emerging market sales were mixed, with Latin America growing (excluding FX), while Asia experienced a decline due to soft economic conditions [18] Company Strategy and Development Direction - The company is focused on realizing the full power of RPM by building on efficiencies and accelerating growth through strategic capital allocation [11] - A new three-segment operating structure was implemented to achieve operational efficiencies and enhance collaboration [13] - Investments are being made in high-growth opportunities, including technical sales force expansion and marketing [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continuing positive momentum into fiscal 2026 despite ongoing tariff uncertainties [15] - The company anticipates low to mid-single-digit sales growth and high single to low double-digit adjusted EBIT growth in fiscal 2026 [27] - Challenges include elevated interest rates impacting home sales and DIY activities, as well as inflationary pressures from tariffs [28][29] Other Important Information - The company completed the largest year of acquisitions in its history during fiscal 2025, with a strong balance sheet and liquidity [10][24] - Operating cash flow for fiscal 2025 was $768.2 million, the second highest in the company's history [22] - The company expects to benefit from the One Beautiful Bill Act, which includes provisions for accelerated depreciation and R&D expensing [61][62] Q&A Session Summary Question: What underlying demand or organic growth is expected this year? - Management anticipates the ability to generate 2 to 3 points of organic growth on a consolidated basis for the year, with challenges related to tariff issues and consumer DIY business dynamics [34][35] Question: Does the new three-segment structure enable more productivity cost savings? - Yes, the new structure is expected to generate $15 million in expense reductions and improve operational synergies [36][37] Question: What incremental savings from MAP 2025 are expected in 2026? - MAP 2025 benefits in fiscal 2026 are expected to be about $70 million, with additional savings from the consolidation of segments [44] Question: How is the M&A pipeline looking for 2026? - The company has a strong balance sheet and expects to continue its acquisition growth strategy, taking advantage of lower M&A valuations [48] Question: What is the outlook for raw material inflation? - Inflation is expected to be in the 1% to 2% range for Q1, heavily weighted towards consumer products, with tariff impacts contributing to a negative 4% to 5% hit in fiscal 2026 [81][82] Question: How is the health of project backlogs in Construction and Performance Coatings? - Backlogs for these businesses are strong, but the company faces challenging comparisons due to strong prior years [71]

Financial Data and Key Metrics Changes - Consolidated sales increased by 3.7% to a fourth quarter record, driven by systems and turnkey solutions for high-performance buildings and acquisitions [15] - Q4 adjusted EBIT increased by 10.1% to a record level, benefiting from volume growth and MAP 2025 initiatives [15] - Record annual sales, adjusted EBIT, and adjusted EPS were achieved for the fiscal year, with a record adjusted EBIT margin [8][9] Business Line Data and Key Metrics Changes - Construction Products Group sales reached a record, driven by systems and turnkey roofing solutions [18] - Performance Coatings Group achieved record sales, led by turnkey flooring solutions and M&A activities [10][18] - Specialty Products Group showed improvement, with adjusted EBIT increasing despite challenges in certain segments [19] - Consumer Group sales declined modestly due to continued DIY softness, but adjusted EBIT increased to a record level [20] Market Data and Key Metrics Changes - Growth was led by Europe, with sales benefiting from Performance Coatings and M&A [16] - North America saw sales growth driven by systems and turnkey solutions for high-performance buildings [16] - Emerging market sales were mixed, with Latin America growing while Asia experienced a decline due to soft economic conditions [16] Company Strategy and Development Direction - The company is focused on realizing efficiencies and accelerating growth through a strategic approach to capital allocation, including organic and inorganic opportunities [10] - A new three-segment operating structure was implemented to enhance operational efficiencies and collaboration [12] - The company aims to leverage data analytics to capture true profitability and focus investments on high-potential opportunities [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continuing positive momentum into fiscal 2026 despite ongoing tariff uncertainties [13] - The company expects another year of record sales and adjusted EBIT in 2026, with low to mid-single-digit sales growth anticipated [24] - Management highlighted the importance of monitoring interest rates, which could impact existing home sales and DIY activities [26] Other Important Information - The company completed the largest year of acquisitions in its history during fiscal 2025, with a strong balance sheet and liquidity [9][22] - The MAP 2025 program has led to significant improvements in gross margins and working capital efficiency [8][9] Q&A Session Summary Question: What underlying demand or organic growth is expected this year? - Management anticipates the ability to generate 2 to 3 points of organic growth on a consolidated basis for the year, with challenges related to tariff issues and consumer DIY business dynamics [31][32] Question: Does the new three-segment structure enable more productivity cost savings? - Yes, the new structure is expected to generate productivity cost savings and synergies, with an upfront benefit of $15 million from expense reduction actions [33][34] Question: What incremental savings from MAP 2025 are expected in 2026? - The MAP 2025 benefits in fiscal 2026 are expected to be about $70 million across the full year, with additional improvements in working capital anticipated [40][42] Question: How is the M&A pipeline looking for 2026? - The company has a strong balance sheet and expects to continue its traditional acquisition growth strategy, taking advantage of favorable market conditions [44][46] Question: What is the outlook for raw material inflation? - Management expects inflation in the 1% to 2% range for Q1, with significant impacts from tariffs and commodity pricing fluctuations [97][108]

Fiscal 2025 Fourth-Quarter and Year-End Results July 24, 2025 Forward-Looking Statements & Regulation G This presentation contains "forward-looking statements" relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us and are subject to uncertainties and factors (including those specified below), which are difficult to predict and, in many instances, are beyond our control. As a result, our ...

Company Performance - RPM International reported quarterly earnings of $1.72 per share, exceeding the Zacks Consensus Estimate of $1.60 per share, and up from $1.56 per share a year ago, representing an earnings surprise of +7.50% [1] - The company posted revenues of $2.08 billion for the quarter ended May 2025, surpassing the Zacks Consensus Estimate by 3.21%, compared to $2.01 billion in the same quarter last year [2] - Over the last four quarters, RPM International has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Outlook - RPM International shares have declined approximately 8.2% since the beginning of the year, while the S&P 500 has gained 8.1% [3] - The current consensus EPS estimate for the upcoming quarter is $1.91 on revenues of $2.06 billion, and for the current fiscal year, it is $5.66 on revenues of $7.62 billion [7] - The company's earnings outlook and management commentary will be crucial for understanding future stock movements [4][6] Industry Context - The Chemical - Specialty industry, to which RPM International belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable position [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact RPM's stock performance [5]