As they connect across and within segments and collaborate to offer products and solutions for customers, RPM associates create a stronger RPM. From introducing new products that solve customer problems to creating a more positive associate experience, the work we do together – where each person is valued for their contributions and expertise – plays an important role in driving growth at RPM, now and in the future.
an environment that retains talented people.
In our second company-wide employee engagement survey, 78% of participants responded that they are “proud to work for RPM.” This is a testament to the positive culture we have created – one that increasingly fosters connections and collaboration.
to build enduring brands.
Throughout its history, Rust-Oleum (Consumer) has been a brand leader in innovation. Rust-Oleum continues to build on this legacy with the recently introduced Custom Spray 5-in-1 feature. This innovation in spraying technology offers five different spraying patterns in a single aerosol paint can, which gives the user more control and reduces drips and waste.
to develop solutions that build a better world.
Traditionally, our Nudura Insulated Concrete Forms had used steel rebar to strengthen the poured concrete in the structure. Nudura (CPG) is now offering the opportunity to use Euclid Chemical’s (CPG) Tuf-Strand synthetic fiber as a replacement for the rebar. As a result, customers can now realize Nudura’s energy efficiency and strengthen their structure while benefiting from the fiber’s reduced carbon footprint and construction times.
greater shareholder value.
Since the introduction of MAP to Growth in 2018, RPM has outperformed peers by 18% and the S&P 500 by 6%. The successful implementation and execution of MAP initiatives would not have been possible without improved collaboration. This also contributed to raising the dividend for the 49th consecutive year in fiscal 2023.
Adjusted EBIT excludes restructuring charges and other items not indicative of ongoing operations of $83.0 million, $6.1 million, $75.2 million, $121.3 million and $126.0 million in Fiscal 2023, Fiscal 2022, Fiscal 2021, Fiscal 2020 and Fiscal 2019, respectively. Adjusted diluted EPS excludes per share restructuring charges and other items not indicative of ongoing operations of $0.58, ($0.13), $0.29, $0.73 and $0.70 in Fiscal 2023, Fiscal 2022, Fiscal 2021, Fiscal 2020 and Fiscal 2019, respectively. EBIT, adjusted EBIT, and adjusted diluted EPS are non-GAAP financial measures. See our Annual Report on Form 10-K accompanying this report and our Current Reports on Form 8-K for more information.
“Together, we create brands that represent innovative solutions for our customers, engaged community partners and value for our shareholders.”
stronger communities.
Across RPM, our businesses give back to their communities through volunteer efforts that also provide opportunities for cross-functional connection. For example, for more than 20 years, our DAP (Consumer) team has volunteered, raised funds and participated on the Board of Habitat for Humanity of the Chesapeake. In recognition of their contributions, DAP was named one of Habitat’s 360-Degree Partners of the Year.
a global team.
Four years ago, we created global shared service centers in Mexico and India. We started with 15 associates in the beginning; today, these two facilities now have 408 people working to streamline some administration functions and allow our businesses to keep their focus on our customers. These shared service centers are overseen by PCG, but utilized by all of our segments – making them a truly global service that is connected to our businesses.