RPM International
 |
|
| Public | |
| Traded as | : RPM S&P 400 Component |
| Industry |
Paint Coatings Industrial coatings Building Materials Sealants Adhesives |
| Founded | 1947 as Republic Powdered Metals Inc. |
| Headquarters | Medina, Ohio, United States |
|
Key people
|
Frank C. Sullivan Chairman and CEO Ronald A. Rice President and COO John P. Abizaid Member, Board of Directors |
| Revenue |
 $4.8 billion USD (2016) |
|
$474.7 million USD (2016) |
|
|
$354.7 million USD (2016) |
|
| Total assets |
$4.8 billion USD (2016) |
| Total equity |
$1.4 billion USD (2016) |
|
Number of employees
|
13,000 (2016) |
| Website | www.RPMinc.com |
|
Footnotes / references |
|
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.
The company has approximately 13,000 employees worldwide who work in 120 manufacturing facilities in 24 countries. Its products are sold in 170 countries and territories. It is the sixth largest paint and coating company in the world.
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. It ranks among the top 200 in total shares held by BetterInvesting investment clubs. RPM has increased its cash dividend paid to stockholders for 43 consecutive years. Only 44 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to the fall 2016 edition of the Mergent Handbook of Dividend Achievers.
Over the ten-year period from May 31, 2006, to 2016, 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.
RPM operates through three segments:
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.
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.
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