RPM Outlines Operational Improvement Plan to Drive Higher Profitability
MEDINA, OH – RPM International Inc. outlined the company’s operating improvement plan at an Investor Day held in Baltimore, Maryland. The plan, known as “MAP to Growth,” includes initiatives designed to drive greater efficiency to accelerate growth and increase value from the entrepreneurial culture and leading brands that have been the foundation of RPM’s success for decades.
At the event, RPM Chairman and Chief Executive Officer Frank C. Sullivan and other key executives discussed the progress already underway and expanded on key elements of the plan to increase profitability across all of the company’s business segments. The company also provided a series of financial goals that it is targeting to achieve by May 31, 2021. These goals include $6.25 billion in annual revenue; $1 billion in EBIT on an annualized run rate, representing 540 basis points of margin improvement; and $1.5 billion of capital returned to shareholders.