Nov 6, 4:32 PM ET
RPM International's Chairman and CEO Frank C. Sullivan announced on November 6, 2026 that he plans to retire within the next twelve to eighteen months. He will remain in his role until a successor is appointed and is expected to then stay on as Chair of the Board, as the company runs a succession planning process with its Board.
- Frank C. Sullivan plans to retire in the next twelve to eighteen months, per the November 6, 2026 filing.
- Sullivan has served nearly 25 years as Chairman and CEO and more than 40 years with the company.
- He will remain CEO until his successor is appointed and is expected to stay on as Board Chair afterward.
- The filing does not name a successor.
Read the filing on SEC.gov ↗
Oct 6, 6:53 AM ET
RPM International reported record first-quarter fiscal 2027 net sales of $2.22 billion, up 4.8%, with diluted EPS of $2.01 and adjusted diluted EPS of $1.98, up 5.3%. The company now expects full-year adjusted EBITDA to grow in the mid-single-digit range, compared with its prior outlook of 5% to 10%, so shareholders face a lower expected profit growth rate despite the strong quarter.
- Net sales were $2.22 billion, up 4.8%, with 3.1% organic growth; net income attributable to stockholders was $256.4 million.
- Adjusted EBITDA reached a record $405.5 million, up 4.5%; Construction Products Group adjusted EBITDA fell 9.7%.
- Full-year fiscal 2027 adjusted EBITDA outlook is mid-single-digit growth, versus the previous 5% to 10%; sales outlook is mid-single-digit, versus the previous 3% to 7%.
- Investor day is scheduled for November 9, 2026, at the Stonhard facility in New Jersey.
Read the filing on SEC.gov ↗
Jul 22, 6:52 AM ET
RPM reported record fiscal 2026 fourth-quarter and full-year sales, with full-year net income attributable to stockholders down 4.0% to $661.4 million on a GAAP basis, while adjusted diluted EPS rose 4.3% to $5.53. The company also gave fiscal 2027 outlook for sales growth of 3% to 7% and adjusted EBITDA growth of 5% to 10%, and its board raised the share repurchase authorization by $700 million.
- Fiscal 2026 net sales were a record $7.86 billion, up 6.7%; diluted EPS was $5.17, down 3.4%, and adjusted diluted EPS was $5.53, up 4.3%.
- Fourth-quarter net sales were $2.23 billion, up 7.2%; diluted EPS was $1.73, down 1.7%, and adjusted diluted EPS was $1.89, up 9.9%.
- Fiscal 2027 outlook: consolidated sales up 3% to 7% and adjusted EBITDA up 5% to 10% versus prior-year record results.
- The board authorized a $700.0 million increase to the share repurchase program, in addition to $114.8 million previously available; an investor day is set for November 9, 2026.
Read the filing on SEC.gov ↗
Jun 2, 4:25 PM ET
RPM International amended its $300.0 million accounts receivable securitization facility on May 27, 2026, removing an interest coverage covenant and adding a leverage covenant that applies only if the company loses its investment grade rating from at least two agencies. Separately, Vice President of Operations Timothy R. Kinser resigned on May 29, 2026 to retire and moved to a project management role at a subsidiary.
- Amendments dated May 27, 2026 to the $300.0 million A/R Facility with PNC Bank as administrative agent
- Interest coverage ratio covenant eliminated; leverage covenant of 3.75 to 1.0 applies only if investment grade rating is lost
- Amortization event thresholds raised from $150 million to $250 million for the company and non-originator subsidiaries
- Timothy R. Kinser resigned as Vice President – Operations on May 29, 2026 in connection with planned retirement
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
