May 04, 2022 / 06:40PM GMT
Michael Joseph Sison - Wells Fargo Securities, LLC, Research Division - MD & Senior Equity Analyst
Good afternoon, everyone. Excited to be here live in New York City and seeing everybody. This is Mike Sison. I cover chemicals for Wells Fargo.
I did want to introduce RPM Corporation, ticker symbol RPM. It's a company that is a leader in specialty coatings, sealants and building products and materials. RPM spent the last several years on a well-executed restructuring program called MAPS, took well over $300 million of cost out, significantly improved its operating structure, and we're entering fiscal '22 really to pivot to growth. And we've really seen that significantly in 3 to 4 segments, all have reached -- recorded pretty record levels so far through the third quarter.
The stock hit an all-time high of $101 in December 2021. Year-to-date, it's down with a lot of other -- of its peers. And inflation unfortunately has become kind of the major issue for a lot of the companies in the paint and coatings sector.
But with that said, I wanted to welcome the team from RPM, Rusty
RPM International Inc at Wells Fargo Industrials Conference Transcript
Feb 11, 2024
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