RPM International Inc

rpminc.com

What Do They Do?

Makes specialty paints and coatings, roofing and construction repair products, and sealants and adhesives for construction, industrial and consumer markets.

How Do They Make Money?

Construction Products Group sells products and installation services. Most sales are for products; specialized roofing and flooring installation jobs bring in money as work progresses, and customers generally pay within 30 to 60 days after products or services are provided.

revenue

Segment	Share	How money arrives
CPG Segment	39% FY2023: 35%
PCG Segment	27% FY2023: 20%
Consumer Segment Sold outright	34% FY2023: 35%	Sold outright

Who Are Their Customers?

Construction and industrial buyers buy directly; consumer products are sold directly to retailers and stores or through distributors.

Do Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2026 and turned 9 cents into free cash flow.

Operating income, FY2026

11% of revenue

▲ +8% vs FY2025 ($805.2M, 11%)

Net income, FY2026

8% of revenue

▼ −4% vs FY2025 ($688.7M, 9%)

Free cash flow, FY2026

9% of revenue

▲ +25% vs FY2025 ($538.3M, 7%)

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q1 FY2026, the three months to Aug 31, 2026

Revenue: ▲ +5%; vs $2.1B in Q1 FY2025
Net income: ▲ +13%; vs $227.6M in Q1 FY2025

CPG Segment share of revenue vs 40.3% in Q1 FY2025

Growing. Revenue grew 17% in 4 years, from $6.7B in FY2022 to $7.9B in FY2026, about 4% a year.

Stated markets broaden The business description expands its stated markets from industrial, specialty and consumer to include construction, while continuing to describe specialty paints, coatings, roofing and repair products.

Revenue over time

CPG Segment PCG Segment Consumer Segment SPG reportable segment

$10B$5B$0

FY2022 FY2023 FY2024 FY2025 FY2026

Comments