RPM International Inc. Announces Map 2025 Operational Improvement Initiative
August 24 2022 - 4:30PM
Business Wire
- RPM published its 2022 Summary Annual Report today, which
includes highlights for MAP 2025
- Details of MAP 2025 will be discussed during Investor Day on
October 7, 2022
RPM International Inc. (NYSE: RPM) today announced its MAP 2025
(Margin Achievement Plan) operational improvement initiative. The
initiative goals are highlighted in the company’s 2022 Annual
Report, which can be accessed at https://www.2022ar.rpminc.com.
MAP 2025 is being launched following the successful completion
of the 2020 MAP to Growth initiative. Through MAP 2025, RPM expects
to accelerate growth, maximize operational efficiencies, and build
a better world to generate superior value creation for the
company’s customers, associates and shareholders. Goals of the
initiative to be achieved by May 31, 2025, include:
- $8.5 billion in annual revenue
- 42 percent gross margin
- 16 percent adjusted EBIT margin
The company will host an investor day on October 7, 2022, to
provide more details on MAP 2025, as well as RPM’s sustainability
initiatives and its Construction Products Group. The investor day
will be webcast, with details about how to access the webcast
provided closer to the event.
“MAP 2025 builds upon the successes we achieved with our
previous MAP to Growth program,” stated Frank C. Sullivan, RPM
chairman and CEO. “These new initiatives are designed to amplify
the strengths of RPM’s entrepreneurial culture and accelerate our
transformation into a more connected and efficient company.”
About RPM
RPM International Inc. owns subsidiaries that are world leaders
in specialty coatings, sealants, building materials and related
services. The company operates across four reportable segments:
consumer, construction products, performance coatings and specialty
products. RPM has a diverse portfolio of market-leading brands,
including Rust-Oleum, DAP, Zinsser, Varathane, DayGlo, Legend
Brands, Stonhard, Carboline, Tremco and Dryvit. From homes and
workplaces to infrastructure and precious landmarks, RPM’s brands
are trusted by consumers and professionals alike to help build a
better world. The company employs approximately 16,800 individuals
worldwide. Visit www.RPMinc.com to learn more.
For more information, contact Matt Schlarb, senior director –
investor relations, at 330-220-6064 or mschlarb@rpminc.com.
Forward-Looking Statements
This press release contains “forward-looking statements”
relating to our business. These forward-looking statements, or
other statements made by us, are made based on our expectations and
beliefs concerning future events impacting us and are subject to
uncertainties and factors (including those specified below), which
are difficult to predict and, in many instances, are beyond our
control. As a result, our actual results could differ materially
from those expressed in or implied by any such forward-looking
statements. These uncertainties and factors include (a) global
markets and general economic conditions, including uncertainties
surrounding the volatility in financial markets, the availability
of capital, and the viability of banks and other financial
institutions; (b) the prices, supply and availability of raw
materials, including assorted pigments, resins, solvents, and other
natural gas-and oil-based materials; packaging, including plastic
and metal containers; and transportation services, including fuel
surcharges; (c) continued growth in demand for our products; (d)
legal, environmental and litigation risks inherent in our
construction and chemicals businesses and risks related to the
adequacy of our insurance coverage for such matters; (e) the effect
of changes in interest rates; (f) the effect of fluctuations in
currency exchange rates upon our foreign operations; (g) the effect
of non-currency risks of investing in and conducting operations in
foreign countries, including those relating to domestic and
international political, social, economic and regulatory factors;
(h) risks and uncertainties associated with our ongoing acquisition
and divestiture activities; (i) the timing of and the realization
of anticipated cost savings from restructuring initiatives and the
ability to identify additional cost savings opportunities; (j)
risks related to the adequacy of our contingent liability reserves;
(k) risks relating to the Covid pandemic; (l) risks related to
adverse weather conditions or the impacts of climate change and
natural disasters; (m) risks relating to the Russian invasion of
Ukraine and other wars; (n) risks related to data breaches and data
privacy violations; and (o) other risks detailed in our filings
with the Securities and Exchange Commission, including the risk
factors set forth in our Annual Report on Form 10-K for the year
ended May 31, 2022, as the same may be updated from time to time.
We do not undertake any obligation to publicly update or revise any
forward-looking statements to reflect future events, information or
circumstances that arise after the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20220824005085/en/
Matt Schlarb, senior director – investor relations, at
330-220-6064 or mschlarb@rpminc.com
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