RPM reports its fiscal 2023 second-quarter sales were driven by increased pricing in response to continued inflation. In addition, volume grew in businesses that are benefiting from reshoring and infrastructure spending, and material supply improved through insourcing and qualifying new suppliers.
RPM’s last cash dividend increase of 5% in October 2022 marked the company’s 49th consecutive year of increased cash dividends paid to its stockholders, which places RPM in a category of less than half of 1% of all publicly traded U.S. companies.
The report studies products across powder, solvent-based, and water-based; resins across acrylic, alkyd, epoxy, polyester, and polyurethane; and the end users, both architectural and industrial. It focuses on many areas including market segmentation and coverage, the cumulative impact of COVID-19 and the 2022 Russia Ukraine conflict, the competitive strategic window, market share analysis, company usability profiles, and more.
PPG has reported financial results for its third quarter 2022. Supply chain disruptions continued to moderate during the quarter, albeit with some remaining challenges. The company also reported the projections for the fourth quarter 2022 based on current global economic activity.
RPM International Inc. announced at its annual meeting of stockholders that its board of directors declared a regular quarterly cash dividend increase.
"Our businesses skillfully navigated supply chain tightness, cost inflation, macroeconomic challenges, and foreign exchange headwinds to expand margins and deliver record first-quarter financial results," said RPM chairman and CEO Frank C. Sullivan.
“The number of homes and commercial properties protected by Rhino Shield have significantly increased this year,” said CEO Terence Andre. “Two things are driving that — demand from consumers and significant growth in our dealer network.”
Associate Editor, Karen Parker, provides a snapshot of the 2021 year in coatings based on information she gathered for our annual Global Top 10 and PCI 25 rankings of the top coatings manufacturers.
PCI’s annual ranking of the top 25 North American paint and coatings manufacturers, based on 2021 coatings sales. Sales of non-coating products are not included.
