RPM International

RPM International Inc
Public
Traded as NYSE: RPM
Industry Paint
Coatings
Industrial coatings
Building Materials
Sealants
Adhesives
Founded 1947 as Republic Powdered Metals Inc.
Headquarters Medina, Ohio, USA
Key people
 Frank C. Sullivan Chairman and CEO
Ronald A. Rice President and COO
John P. Abizaid Member, Board of Directors
Revenue Increase$4.6 billion USD (2015)
Increase$330.4 million USD (2015)
Decrease$239.5 million USD (2015)
Total assets Increase$4.7 billion USD (2015)
Total equity Decrease$1.3 billion USD (2015)
Number of employees
 13,000 (2015)
Website www.RPMinc.com
Footnotes / references
[1]

RPM International Inc is an American multinational company with subsidiaries that manufacture and market high-performance specialty coatings, sealants and building materials. Industrial brands include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Universal Sealants, Euco, Day-Glo and Dryvit. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane and Testors.[2]

The company has approximately 13,000 employees worldwide who work in 116 manufacturing facilities in 26 countries.[2] Its products are sold in 170 countries and territories.[1] It is the sixth largest paint and coating company in the world.[3]

RPM is publicly traded on the New York Stock Exchange under the symbol RPM. Its shares are owned by more than 500 institutions and 108,000 individual investors.[1] It ranks among the top 200 in total shares held by BetterInvesting investment clubs.[4] RPM has increased its cash dividend paid to stockholders for 41 consecutive years.[5] Only 45 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to the spring 2015 edition of the Mergent Handbook of Dividend Achievers.[6]

Over the ten-year period from May 31, 2005, to 2015, RPM has outperformed the S&P 500 by 86 percent in total return generated for its shareholders, which includes both capital appreciation and reinvestment of dividends.[1]

Segments

RPM operates through two segments:

Subsidiary Companies

Industrial Companies

Consumer Companies

History

In May 1947, Frank C. Sullivan founded Republic Powdered Metals, the forerunner to RPM International Inc. The company manufactured and sold a heavy-duty aluminum roof coating called Alumanation, which is still sold today. Sales in the first year reached $90,000. From the beginning Sullivan determined that the success of the business would rest with its people. “Hire the best people you can find,” he said. “Create an atmosphere that will keep them. Then, let them do their jobs.” RPM operates under this same philosophy today. Every year under his leadership, the company attained sales and earnings increases.[7]

In August 1971, Frank Sullivan died suddenly. Later that same year, RPM, Inc. was formed to become a holding company to develop a more aggressive acquisition program in a rapidly consolidating paint and coatings industry. Frank’s son, Thomas C. Sullivan, who was previously president of Republic Powdered Metals, became chairman and chief executive officer of the holding company. He and James A. Karman, who was elected president and chief operating officer in 1978, led RPM for more than three decades.[7]

After more than 30 years at the company’s helm, Sullivan and Karman retired as executive officers of the company in 2002. During their tenure, net sales increased to $2 billion from $11 million, net income increased to $101.6 million from $0.6 million, cash dividends per share increased to $0.50 from $0.0035 (split-adjusted), and a $1,000 investment in RPM shares in 1971 would have been worth more than $100,000.[8]

Tom was succeeded by his son, Frank C. Sullivan, who became president and chief executive officer in 2002. He has continued to lead the company in a manner consistent with the legacy created by his father and grandfather before him. RPM’s strategy for growth remains to: establish and maintain brand leadership in the markets it serves, strike a balance between industrial and consumer markets, generate growth both organically and through acquisitions, and to maintain an entrepreneurial operating culture.

References

  1. 1 2 3 4 "RPM International Inc. 2015 Annual Report". U.S.: RPM International Inc. 25 August 2015.
  2. 1 2 3 4 "RPM International Inc. Overview". RPM International Inc. Retrieved 31 August 2015.
  3. ↑ "Coatings World Top Companies Report". Rodman Publishing. 22 July 2015.
  4. ↑ "BetterInvesting Magazine Top 100 Companies" (PDF). BetterInvesting. April 2014.
  5. ↑ "RPM Increases Cash Dividend for 41st Consecutive Year". RPM International Inc. Retrieved 21 October 2014.
  6. ↑ Mergent Handbook of Dividend Achievers, U.S.: Mergent Inc., April 30, 2015, ISBN 978-1630533892
  7. 1 2 Jon VanZile, ed. (2002). The Heritage and Values of RPM Inc. Fort Lauderdale, FL: Write Stuff Enterprises Inc. p. 144. ISBN 0-945903-73-1.
  8. ↑ RPM International Inc. 2002 Annual Report, U.S., 29 August 2002

<RPM International Inc=This is the company's website where all this information can be found. />

External links

This article is issued from Wikipedia - version of the Tuesday, March 22, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.