Financial Performance - Record first-quarter net income of $227.7 million, record diluted EPS of $1.77, and record EBIT of $303.9 million[1] - First-quarter adjusted diluted EPS of $1.84 increased 12.2% over the prior year, while adjusted EBIT increased 6.3% to $328.3 million[2] - First-quarter net sales of $1.97 billion, down 2.1% from the prior year, with a 0.9% organic decline and a 1.1% decline from foreign currency translation[3] - Net income attributable to RPM International Inc. stockholders was $227,692, up from $201,082, representing a 13.2% increase year-over-year[23] - Basic earnings per share increased to $1.78, compared to $1.57 in the same quarter last year, marking a 13.3% growth[23] - Adjusted EBIT for the total consolidated operations was $328,342, up from $309,014, indicating a 6.3% increase year-over-year[24] - Reported earnings per diluted share for the first quarter of fiscal 2025 were $1.77, compared to $1.56 for the same period in fiscal 2024, reflecting a 13.5% increase[27] - Adjusted earnings per diluted share increased to $1.84 from $1.64 year-over-year, representing a 12.2% growth[27] - Net income for the first quarter of fiscal 2025 was $228,554,000, an increase from $201,313,000 in the same period last year, representing a growth of approximately 13.1%[29] Sales and Segment Performance - Construction Products Group achieved record first-quarter sales of $793.99 million, with adjusted EBIT increasing 10.6% to $159.9 million[5] - Performance Coatings Group reported first-quarter net sales of $371.76 million, with adjusted EBIT increasing 9.4% to $64.59 million[7] - Specialty Products Group's first-quarter sales declined 3.5% to $174.57 million, but adjusted EBIT increased 1.2% to $18.11 million[9] - Consumer Group's first-quarter sales declined 6.1% to $628.47 million, driven by weaker DIY takeaway and customer destocking[11] - The CPG segment reported net sales of $793,991, an increase from $782,789, while the PCG segment saw a slight decrease to $371,759 from $378,513[24] Cash Flow and Capital Management - Cash provided by operating activities was $248.1 million, with operating working capital as a percentage of sales improving by 250 basis points to 22.7%[12] - Cash provided by operating activities decreased to $248,059,000 from $359,210,000 year-over-year, a decline of about 30.9%[29] - The company reported a net cash used for investing activities of $64,081,000, compared to $61,517,000 in the prior year[29] - Cash dividends paid were $58,892,000, up from $54,065,000 year-over-year, indicating a rise of approximately 5.2%[29] - The company repurchased $17,500,000 worth of common stock during the quarter, compared to $12,500,000 in the same period last year[29] Debt and Liabilities - Total debt reduced to $2.05 billion from $2.51 billion a year ago, with a $453.1 million reduction driven by improved cash flow[13] - Current liabilities increased to $825,583,000 from $768,647,000, marking an increase of about 7.4%[28] - Long-term liabilities decreased to $1,576,565,000 from $1,631,794,000, a reduction of approximately 3.4%[28] - Total liabilities reached $3,983,448,000, down from $4,432,441,000, indicating a decrease of about 10.1%[28] Restructuring and Expenses - Total restructuring and related expenses for the quarter were $10.754 million, down from $16.427 million in the prior year, indicating a 34.3% reduction[26] - Professional fees related to MAP initiatives totaled $9.022 million, down from $12.279 million, a decrease of 26.3%[26] - Total MAP initiatives expenses for the quarter were $24.720 million, down from $31.896 million in the prior year, reflecting a 22.6% decrease[26] - Restructuring expenses specifically amounted to $7.2 million for the quarter ended August 31, 2024, compared to $6.5 million for the same period in 2023, a 10.8% increase[27] Assets and Equity - Total current assets decreased to $289,298,000 from $311,978,000 year-over-year, a decline of approximately 7.3%[28] - Net trade accounts receivable increased to $441,777,000 compared to $418,886,000 in the previous year, reflecting a growth of about 5.5%[28] - Total assets amounted to $664,498,000, a slight decrease from $671,527,000 year-over-year, representing a decline of approximately 1.0%[28] - Stockholders' equity increased to $2,515,527,000 from $2,282,836,000, reflecting a growth of approximately 10.2%[28] Outlook and Strategic Initiatives - Fiscal 2025 second-quarter outlook calls for flat sales growth and mid-single-digit adjusted EBIT growth[1] - The company anticipates continued growth in demand for its products, despite uncertainties in global markets[22] - The company is focused on ongoing acquisition and divestiture activities to enhance its market position[22] - The company aims to consolidate over 75 ERP systems into four platforms as part of its MAP strategy, which is expected to enhance operational efficiency[27]

RPM International Inc. RPM will release earnings results for its first quarter, before the opening bell on Wednesday, Oct. 2. Analysts expect the Medina, Ohio-based company to report quarterly earnings at $1.75 per share, up from $1.64 per share in the year-ago period. RPM projects to report revenue of $2.02 billion for the quarter, according to data from Benzinga Pro. On July 25, RPM International reported better-than-expected fourth-quarter earnings. RPM shares fell 0.8% to close at $120.09 on Tuesday. Be ...

RPM International Inc. (RPM) is slated to report first-quarter fiscal 2025 results on Oct. 2 before the opening bell. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, RPM's adjusted earnings of $1.56 per share met the consensus mark and increased 14.7% from the year-ago period. Net sales of $2.008 billion marginally missed the consensus mark of $2.01 billion and slipped 0.4% from the prior year's level of $2.02 billion. The company's earnings topped ana ...

Core Viewpoint - RPM International is expected to report quarterly earnings of $1.76 per share, reflecting a year-over-year increase of 7.3%, with revenues projected at $2.02 billion, up 0.3% from the previous year [1] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [2] Key Metrics Projections - Analysts estimate 'Net Sales- Construction Products Group/CPG' at $801.62 million, indicating a year-over-year increase of 2.4% [4] - 'Net Sales- Specialty Products Group/SPG' is forecasted to reach $178.37 million, reflecting a year-over-year decrease of 1.4% [4] - The consensus for 'Net Sales- Consumer Segment' stands at $657.24 million, indicating a decline of 1.9% from the previous year [4] Adjusted EBIT Estimates - 'Adjusted EBIT- Consumer Segment' is projected at $128.46 million, up from $121.17 million in the same quarter last year [5] - 'Adjusted EBIT- Specialty Products Group/SPG' is estimated at $17.26 million, slightly down from $17.89 million reported in the same quarter last year [6] - 'Adjusted EBIT- Performance Coatings Group/PCG' is expected to be $65.66 million, compared to $59.05 million in the previous year [6] - 'Adjusted EBIT- Construction Products Group/CPG' is forecasted at $150.38 million, up from $144.60 million in the same quarter last year [7] Stock Performance - RPM International shares have returned +8% over the past month, outperforming the Zacks S&P 500 composite, which saw a +2.4% change [7]

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RPM International Inc. (RPM) is benefiting from the efficient execution of its MAP 2025 initiatives, increased infrastructure demand, especially in international markets, and its focus on the repair and maintenance business. The estimate for the Zacks Rank #3 (Hold) company's earnings for fiscal 2025 has trended upward in the past 30 days to $5.51 per share from $5.46. The estimate figure indicates growth rate of 11.5% from the figure reported a year ago. Although the estimate for first-quarter fiscal 2025 ...

Financial Data and Key Metrics - The company achieved a record adjusted EBIT for the 10th consecutive quarter, with sales also reaching a record for the year [22] - Adjusted EBIT increased by approximately 12% year-over-year, in line with the guidance provided a year ago [22] - Cash flow from operating activities reached a record $1.12 billion in fiscal 2024, an improvement of over $545 million from fiscal 2023 [23] - Debt was reduced by approximately $557 million during the year, leading to lower interest expense and a 14.9% increase in adjusted EPS to a record $4.94 per share [23] - Working capital as a percentage of sales fell by 350 basis points to 23.5% in Q4 [29] Business Line Performance - The Construction Products Group (CPG) led growth during the quarter, particularly in roofing and wall systems, driven by new building construction and renovation [37] - The Performance Coatings Group (PCG) faced challenging comparisons and project timing issues, leading to a decline in sales and EBIT [27][37] - The Consumer Group achieved market share gains and improved product mix, resulting in record adjusted EBIT despite a sales decline due to DIY softness [28][37] - The Specialty Products Group (SPG) experienced sales declines primarily due to challenging comparisons in the disaster restoration business and softness in residential-related OEM markets [43] Market Performance - North America, Africa, and the Middle East saw sales growth, while Europe experienced a 4% decline due to FX headwinds and divestitures [25] - Latin America grew mid-single digits excluding FX, benefiting from infrastructure projects [25] - Asia-Pacific sales declined due to challenging comparisons, but the region is performing well under the new management structure [25] Company Strategy and Industry Competition - The company is leveraging its MAP 2025 initiatives to improve margins, streamline SG&A, and enhance working capital efficiency [22][38] - The company is focusing on infrastructure projects, including those related to the $1 trillion infrastructure bill and the CHIPS Act, which are expected to benefit the Performance Coatings Group and Construction Products Group [4][47] - The company is consolidating production facilities and implementing lean manufacturing practices to improve efficiency and reduce costs [57][66] Management Commentary on Operating Environment and Future Outlook - Management expects low single-digit sales growth and mid-single to low-double-digit adjusted EBIT growth for fiscal 2025, driven by MAP 2025 benefits and improved SG&A efficiency [65][66] - The company anticipates a low-growth environment in the near term but expects positive momentum in the second half of fiscal 2025 as easier comparisons come into play [112][130] - Management highlighted the importance of housing turnover for the Consumer Group and noted that the current 30-year low in housing turnover is a significant headwind [81][151] Other Important Information - The company returned $287 million to shareholders through dividends and share repurchases in fiscal 2024 [29] - The company is focusing on small and medium-sized acquisitions that are highly strategic to its businesses [95][117] - The company introduced new products, such as the Reptilion product line, which is expected to drive growth in the abrasives market [44][167] Q&A Session Summary Question: Expectations for infrastructure sales in fiscal 2025 and beyond - The company expects continued growth in infrastructure sales, benefiting from the $1 trillion infrastructure bill and the CHIPS Act, with positive growth expected through 2026 [4] Question: Ability to accelerate MAP savings if demand weakens - The company is executing MAP initiatives at a high level and does not see a need to accelerate them, but there is room for additional SG&A expense reductions if necessary [6][8] Question: Progress in moving Nudura into residential applications - The company is making progress in moving Nudura into residential applications, with efforts to educate architects, engineers, and builders about the product [9][10] Question: Reasons for the slowdown in restoration sales - The slowdown in restoration sales is due to challenging comparisons and delays in project completions, with spending expected to be spread out over a longer period [12] Question: Impact of under-absorption on profitability - The company experienced $50 million of unfavorable under-absorption in fiscal 2024, but expects to benefit from easier comparisons and improved profitability as volumes pick up [75][77] Question: Outlook for DIY and consumer markets - The company expects continued softness in the DIY market due to low housing turnover but sees potential for growth in the back half of fiscal 2025 as easier comparisons come into play [81][133] Question: M&A opportunities and capital allocation - The company expects to increase M&A activity in fiscal 2025, focusing on small and medium-sized acquisitions, while also continuing share repurchases and dividend increases [95][117] Question: Impact of plant consolidations on cost savings - The company expects $185 million in annualized MAP savings from plant consolidations in fiscal 2025, with significant benefits expected as volumes improve [100][101] Question: Pricing and raw material cost outlook - The company expects modest pricing increases of around 1% in fiscal 2025, with raw material costs remaining relatively stable [104] Question: Impact of reshoring on PCG growth - The company expects moderating growth in reshoring projects, with some delays in project completions and a low-growth environment impacting PCG [120] Question: Consumer segment volume growth expectations - The company expects low to mid-single-digit growth in the Consumer segment in the back half of fiscal 2025, driven by easier comparisons and new product introductions [133] Question: Impact of housing turnover on Specialty Products Group - The company highlighted the significant impact of low housing turnover on the Specialty Products Group, particularly in the Industrial Coatings business, which serves the housing market [150] Question: SG&A reduction opportunities - The company implemented SG&A reductions in Q4, with annualized benefits of $25 million, and sees further opportunities to reduce SG&A over time [71][155] Question: Impact of raw material deflation on COGS - The company experienced mid-single-digit raw material deflation in Q4, which contributed to a 5% reduction in COGS [160][169]

Operating improvement initiatives could cause us to incur significant expenses and impact the trading value of our common stock. On May 31, 2021, we formally concluded our 2020 Margin Acceleration Plan ("MAP to Growth") operating improvement program, which resulted in significant changes in our organizational and operational structure impacting most of our companies. In August 2022, we approved and announced our Margin Achievement Plan 2025 ("MAP 2025"). MAP 2025 is a multi-year restructuring plan to build ...

Exhibit 99.1 News Release • Fourth-quarter net income of $180.6 million, diluted EPS of $1.40, and record EBIT of $258.0 million • Record fourth-quarter adjusted diluted EPS of $1.56 increased 14.7% over prior year and record adjusted EBIT increased 6.6% to $285.6 million • Positive organic sales growth more than offset by unfavorable F/X and divestitures, leading to fourth-quarter net sales of $2.01 billion, down 0.4% from the prior year • Record fiscal 2024 net sales of $7.34 billion, up 1.1% from the pri ...