RPM International Inc. (RPM): Business Model Canvas [Dec-2025 Updated]

You're looking to dissect how RPM International Inc. actually makes its money, especially after a year where they hit $7.37 billion in net sales for fiscal year 2025. Honestly, their business model isn't about one big thing; it's a calculated blend of disciplined manufacturing efficiency-driven by initiatives like MAP 2025-and smart, bolt-on acquisitions that keep their portfolio fresh. Think about it: they manage over 100 brands, from consumer DIY favorites to heavy-duty industrial coatings, all while carrying $2.65 billion in total debt and maintaining a 52-year streak of dividend growth, which is defintely something to note. If you want to see the nuts and bolts of how they balance raw material costs, manage their global 118-facility footprint, and keep those professional and consumer segments firing, dive into the full Business Model Canvas breakdown below.

RPM International Inc. (RPM) - Canvas Business Model: Key Partnerships

You're looking at how RPM International Inc. builds its market strength through external relationships, which is crucial for a company with $7.37 billion in net sales for fiscal year 2025. This isn't just about selling paint; it's about strategically buying growth and collaborating on operations.

Strategic acquisitions of entrepreneurial companies like Ready Seal Inc.

RPM International Inc. treats acquisitions as a core pillar of its growth strategy, calling fiscal year 2025 its largest investment in acquisitions in RPM's history. This disciplined approach brings in successful entrepreneurial companies. For instance, on June 17, 2025, RPM announced the acquisition of Ready Seal Inc., which is poised to add approximately $60 million in annual revenues. This move is defintely aimed at reinforcing RPM's standing in the DIY and professional markets.

Another key addition in fiscal 2025 was the completion of the acquisition of the Star Brands Group, the UK-based parent company of The Pink Stuff, for its Rust-Oleum subsidiary. The Pink Stuff generated calendar year 2024 net sales of approximately £150 million. These recent ventures, along with others like TMP Convert, drove total debt up by $519.5 million in fiscal 2025 to finance the deals.

The expected impact of these partnerships is clear in near-term projections:

• The Pink Stuff and Ready Seal combined are projected to add an estimated $75-$85 million in combined net sales for fiscal year 2026.
• The Ready Seal acquisition alone is anticipated to contribute to an estimated +2.5% increase in RPM's fiscal year 2026 revenues.

Joint ventures and partnerships for global footprint expansion

RPM actively expands its global footprint using strategic acquisitions, joint ventures and partnerships among its operating companies to increase market penetration. The company's geographic revenue split for fiscal 2025 shows the scale of this global presence:

Region	Fiscal 2025 Net Sales
North America	$5.8b
Europe	$1.1b
Latin America	$290m
Asia/Pacific	$159m
Africa/Middle East/Other Foreign	$109m

This expansion is supported by physical investments; capital expenditures in fiscal 2025 included investments in new production facilities in Malaysia and India, and the newly opened distribution center in Belgium. Europe was a strong performer in Q4 2025, leading sales growth with a 14.9% increase.

Suppliers for raw materials like resins and pigments

While specific external supplier contracts aren't detailed, RPM's internal infrastructure shows a focus on securing and optimizing its supply chain for key inputs. The company made capital expenditures in shared facilities, including the Resin Center of Excellence. This internal focus on resin capability suggests a strategic move to manage the supply and quality of critical components. The company's portfolio includes brands that deal directly with these materials, such as those under the Construction Products Group and Performance Coatings Group, which rely on materials like resins and pigments.

Distribution partners for mass retail and professional channels

Distribution is managed through a mix of established channels and those bolstered by recent buys. The acquisition of The Pink Stuff strengthens RPM's position in channels including e-commerce, mass retail and grocery. Similarly, the Ready Seal acquisition reinforces its standing in the DIY and professional markets. RPM promotes a culture of collaboration among its operating companies to achieve improved efficiencies in manufacturing and distribution.

Technology collaborations for product innovation

Product innovation is a major growth driver, with RPM pioneering products designed to penetrate new markets. The company's MAP 2025 operational improvements are designed to accelerate transformation into a more connected and efficient company, which involves shared technological resources. The investment in the Resin Center of Excellence in Belgium serves as a site that represents innovation and facilitates collaboration across the organization. The company's overall fiscal 2025 performance reflects this focus, delivering record adjusted EBIT margins of 13.2%.

RPM International Inc. (RPM) - Canvas Business Model: Key Activities

You're looking at the core actions RPM International Inc. takes to run its global specialty chemicals and materials business as of late 2025. This involves a massive physical footprint combined with strategic financial maneuvers.

Manufacturing specialty coatings and sealants at 118 facilities is a foundational activity. RPM International Inc. supports this global production with 118 manufacturing facilities spread across five regions worldwide. This physical network is crucial for serving customers across approximately 159 countries and territories.

A major recent activity was executing MAP 2025 operational improvement initiatives, which officially concluded on May 31, 2025. This program delivered significant efficiency gains, resulting in annualized savings of approximately $185 million. These efforts directly impacted profitability, contributing to a record fiscal 2025 Adjusted EBIT margin of 13.2%. Furthermore, working capital efficiency enabled by MAP 2025 helped generate $768.2 million in cash provided by operating activities during fiscal 2025.

The company actively pursues a strategic M&A program to acquire high-growth product lines. Fiscal year 2025 was a landmark year, marking RPM International Inc.'s largest investment in acquisitions in its history. Acquisitions contributed 5.0% to net sales growth in fiscal 2025, net of divestitures. This growth strategy required financing, as total debt stood at $2.65 billion as of May 31, 2025, with debt used to finance recent purchases like The Pink Stuff and TMP Convert.

R&D for product innovations like high-performance building systems is a continuous key activity, supported by significant capital deployment. Capital expenditures reached $229.9 million in fiscal 2025, which included investments in new shared facilities like the Resin Center of Excellence in Belgium and new production facilities in Malaysia and India. Sales in fiscal 2025 were notably driven by turnkey solutions for high-performance buildings.

Finally, a core activity is managing a diverse portfolio of over 100 brands. RPM International Inc. manages a portfolio described as having hundreds of name-brand products. This portfolio is organized into three primary operating groups to drive efficiency and collaboration:

• Construction Products Group
• Performance Coatings Group
• Consumer Group

Well-known brands central to this activity include Rust-Oleum and DAP.

Here's a quick look at some key financial and operational metrics tied to these activities for fiscal year 2025:

Key Metric	Amount/Value	Context
Net Sales	$7.37 billion	Record fiscal 2025 sales.
Manufacturing Facilities	118	Global operational footprint.
MAP 2025 Annualized Savings	$185 million	Achieved through the operational improvement program.
Adjusted EBIT Margin	13.2%	Fiscal 2025 result, aided by MAP 2025 benefits.
Fiscal 2025 Capital Expenditures	$229.9 million	Includes investments in new facilities and production capacity.
Total Debt (as of May 31, 2025)	$2.65 billion	Reflects financing for strategic acquisitions.

The company also returned $325.6 million to stockholders through cash dividends and share repurchases in fiscal 2025. That's a healthy return of capital while investing heavily in the business. Finance: draft 13-week cash view by Friday.

RPM International Inc. (RPM) - Canvas Business Model: Key Resources

You're looking at the core assets RPM International Inc. uses to generate revenue and maintain its market position as of late 2025. These aren't just line items; they are the engine room of the business, built over decades and recently bolstered by strategic moves.

Portfolio of Market-Leading Brands

The strength of RPM International Inc. rests heavily on its brand equity. You see this across its three operating groups: Consumer, Construction Products, and Performance Coatings. These brands consistently command the number one or number two position in their respective markets, which is a massive resource in itself.

The industrial side relies on heavy hitters like Tremco, a leader in roofing and building envelope systems, and Carboline, known for high-performance corrosion control coatings. On the consumer side, brands like Rust-Oleum and DAP are household names. Furthermore, the strategic focus on acquisitions in 2025 added key assets, such as The Pink Stuff, expanding their consumer cleaning footprint.

Here's a snapshot of some of the key brand families and recent additions:

• Industrial Brands: Tremco, Carboline, Stonhard, Dryvit.
• Consumer Brands: Rust-Oleum, DAP, Zinsser, Varathane.
• Recent 2025 Acquisitions: The Pink Stuff, TMP Convert, Ready Seal Inc..

Global Manufacturing and Distribution Network

RPM International Inc. has built out a significant physical footprint to serve its global customer base. This network allows them to deliver systems and turnkey solutions efficiently, a key driver of their record fiscal 2025 sales of $7.37 billion.

The scale is impressive, supporting sales across approximately 159 countries and territories. They support this reach with substantial physical assets:

Network Metric	Value (as of FY2025)	Source Context
Manufacturing Facilities	118	Operates 118 manufacturing facilities in 22 countries.
Geographic Reach (Sales)	159 Countries/Territories	Products sold across approximately 159 countries and territories worldwide.
Recent Capital Investment	$229.9 million	Capital expenditures for fiscal year 2025, driven by facility investments like the new distribution center in Belgium and new production facilities in Malaysia and India.

Intellectual Property in Specialty Chemical Formulations

As a world leader in specialty coatings, sealants, and building materials, the proprietary knowledge embedded in their chemical formulations is a critical, though less quantifiable, resource. This IP drives product innovations designed to penetrate new markets and solve complex customer problems, underpinning their competitive edge in areas like high-performance flooring systems and corrosion control coatings.

The company's focus on MAP 2025 operational improvements and product innovations suggests continuous investment in R&D to maintain this technological lead, especially in specialized areas like isocyanate chemistry or hybrid technologies, though specific IP asset counts aren't public.

Workforce and Financial Strength

The human capital and the balance sheet provide the foundation for executing the strategy. The workforce is substantial, enabling the decentralized, entrepreneurial culture RPM values.

The financial position, even after significant 2025 acquisitions, remains a key resource, providing the liquidity to continue strategic growth. Here's the quick math on the workforce and the capital structure as of the end of fiscal year 2025 (May 31, 2025):

• Associates Worldwide: Approximately 17,800 individuals.
• Total Debt: $2.65 billion.
• Total Liquidity (Cash and committed revolving credit facilities): $969.1 million.

The debt level of $2.65 billion increased from $2.13 billion the prior year, primarily to finance the 2025 acquisitions of The Pink Stuff and TMP Convert, but this was managed alongside record operational cash flow. Still, maintaining high liquidity is key for an acquisitive company.

RPM International Inc. (RPM) - Canvas Business Model: Value Propositions

You're looking at the core promises RPM International Inc. makes to its customers and owners. These aren't just marketing slogans; they are backed by tangible results from the fiscal year ended May 31, 2025.

Extending asset life with durable, high-performance coatings

The value here is in longevity and protection, evident in the performance of the Performance Coatings Group (PCG). For the fourth quarter of fiscal 2025, PCG delivered organic growth of 4.4%, supported by strong demand for turnkey flooring solutions in high-performance buildings. Also, sales of fiberglass reinforced plastics structures saw a double-digit increase, driven by critical infrastructure like data centers.

Providing turnkey solutions for complex building and infrastructure projects

RPM International Inc. helps solve complex construction needs through integrated systems. The Construction Products Group (CPG) is a prime example, recording net sales of $809,913 thousand in the fourth quarter of fiscal 2025, which included 6.7% organic growth. This growth was specifically fueled by systems and turnkey roofing solutions for high-performance buildings. Geographically, Europe led the overall sales growth in that quarter with an increase of 14.9%, showing success in delivering these complex solutions internationally.

Offering innovative, problem-solving products to professionals and consumers

Innovation is tied to operational efficiency, as seen by the MAP 2025 initiative, which concluded on May 31, 2025, delivering annualized savings of approximately $185 million. This efficiency helps fund the development and delivery of new products. The company achieved record fiscal 2025 adjusted EBIT margin of 13.2%, demonstrating that operational improvements support the delivery of better solutions.

Delivering high-quality, trusted, and user-friendly DIY products

For the consumer side, the value proposition is about trust and accessibility, though this segment faced headwinds. The Consumer Group reported sales of $691,539 thousand for the fourth quarter of fiscal 2025. This figure reflected a 3.8% organic decline, which was partially offset by new product introductions and the benefit from The Pink Stuff acquisition, which closed just before the quarter ended. It's defintely a mixed bag, but new products are still finding traction.

Consistent dividend growth for 52 consecutive years for stockholders

For you as an owner, the commitment to consistent returns is a core value. RPM International Inc. recently boosted its quarterly dividend to $0.54 per share (or $2.16 annually) in October 2025, marking its 52nd consecutive year of increasing its cash dividend. This long track record is supported by strong cash generation; cash provided by operating activities in fiscal year 2025 was $768.2 million.

Here's a quick look at the financial foundation supporting that dividend promise:

Metric	Value (FY 2025 or Latest Data)
Record Fiscal 2025 Sales	$7.37 billion
Fiscal 2025 Record Adjusted Diluted EPS	$5.30
Latest Quarterly Dividend (Oct 2025)	$0.54 per share
Annualized Dividend (Post-Hike)	$2.16 per share
Dividend Payout Ratio	37.93%
1-Year Dividend Growth Rate (CAGR)	10.87%

The company returned $325.6 million to stockholders through cash dividends and share repurchases during fiscal 2025. You can see the historical growth rates that underpin this value proposition:

• 1-Year Annualized Growth: 10.87%
• 3-Year Annualized Growth: 8.44%
• 5-Year Annualized Growth: 7.21%
• 10-Year Annualized Growth: 6.97%

Finance: draft 13-week cash view by Friday.

RPM International Inc. (RPM) - Canvas Business Model: Customer Relationships

You're looking at how RPM International Inc. connects with its diverse customer base, which ranges from massive industrial specifiers to individual DIYers. The approach isn't one-size-fits-all; it's segmented, reflecting the different needs of the professional versus the consumer.

For the professional contractor segment, which drives significant revenue through the Construction Products Group (CPG) and Performance Coatings Group (PCG), the relationship is built on technical depth. RPM International Inc. explicitly promises innovative, problem-solving products backed by extraordinary customer service and technical support. This high-touch engagement is critical for large, complex jobs.

The financial scale of these professional-facing segments in the fourth quarter of fiscal 2025 shows their importance: CPG recorded net sales of $809,913 thousand, while PCG posted fourth-quarter sales of $399,208 thousand. These numbers reflect ongoing demand for specialized solutions.

Dedicated technical support and field service for professional contractors is a core relationship element, especially given the focus on large projects. This high-touch engagement is evident in the growth drivers for the professional segments, such as strong demand for turnkey solutions. For instance, PCG sales included a double-digit increase driven by demand from data centers for fiberglass reinforced plastics structures. This type of sale requires deep, long-term engagement.

Conversely, the self-service and mass-market branding targets the Consumer Group. This relationship relies on brand recognition and accessibility, though the segment faced headwinds. The Consumer Group reported fourth-quarter fiscal 2025 sales of $691,539 thousand, a decline from the prior year, which RPM noted was driven by softness in DIY markets and product rationalization. This suggests the self-service model is sensitive to broader consumer spending trends.

RPM International Inc. fosters collaborative relationships with acquired entrepreneurial leadership. This strategy is designed to attract successful companies while providing them with capital, distribution, and expertise to grow their businesses and honor their legacies. A prime example is the acquisition of the Star Brands Group, parent of The Pink Stuff, which closed late in fiscal 2025. The Pink Stuff generated calendar year 2024 net sales of approximately £150 million, or about $200 million USD. To ensure continuity and accelerate growth, the senior management team of Star Brands is expected to remain with the business in partnership with Rust-Oleum.

The long-term, high-touch engagement for large industrial and infrastructure projects is supported by the company's focus on engineered systems. The fiscal 2025 record sales were driven by turnkey solutions for high-performance buildings. The company promotes a culture of collaboration among its operating companies, which results in increased market penetration and shared technological resources, directly benefiting these complex, high-value customer relationships.

Digital and e-commerce engagement is becoming increasingly vital, particularly for consumer brands like The Pink Stuff. The acquisition of this brand is specifically noted to expand and strengthen RPM International Inc.'s position in channels including e-commerce, grocery, and drug stores. This digital focus aims to capture the self-service customer where they shop online, complementing the traditional mass-market approach. The addressable cleaners market in the U.S. and Europe, where The Pink Stuff is strong, is estimated to be over $12 billion annually.

Here's a quick look at the financial context surrounding these customer relationships for fiscal 2025:

Metric	Value (FY 2025)	Context
Consolidated Net Sales	$7.37 billion	Full Fiscal Year 2025
Q4 Net Sales	$2.08 billion	Fourth Quarter of Fiscal 2025
Adjusted Diluted EPS	$5.30	Full Fiscal Year 2025
CPG Net Sales (Q4)	$809,913 thousand	Construction Products Group
Consumer Group Net Sales (Q4)	$691,539 thousand	Consumer Group
The Pink Stuff 2024 Sales	$200 million (approx.)	Calendar Year 2024 Net Sales

The relationship strategy is underpinned by several key operational commitments:

• Innovative, problem-solving products designed to penetrate new markets.
• A culture of collaboration among operating companies for shared resources.
• Applying a disciplined approach to investing in acquired entrepreneurial growth.
• Focus on engineered systems and turnkey solutions for margin expansion.
• Strengthening presence in e-commerce channels for consumer brands.

The company's overall performance reflects this strategy, with record adjusted EBIT for the year, driven by MAP 2025 benefits and higher sales of engineered systems that expanded margins. Finance: draft 13-week cash view by Friday.

RPM International Inc. (RPM) - Canvas Business Model: Channels

You're looking at how RPM International Inc. gets its $7.37 billion in annual sales from fiscal year 2025 into the hands of its diverse customer base. It's a multi-pronged approach, mixing direct selling to big industrial users with broad retail distribution for the do-it-yourself crowd. Honestly, the channel strategy reflects the complexity of their three main operating groups: Construction Products Group (CPG), Performance Coatings Group (PCG), and the Consumer Group.

To give you a quick picture of where the revenue was coming from before the June 1, 2025, segment realignment, here's the breakdown based on the old four-segment reporting:

Segment (FY2025 Context)	Approximate % of Net Sales	FY2025 Estimated Sales (Based on $7.37B Total)
Construction Products Group (CPG)	37%	$2.73 Billion
Consumer Group	33%	$2.43 Billion
Performance Coatings Group (PCG)	20%	$1.47 Billion
Specialty Products Group (SPG)	Remaining ~10%	~$0.74 Billion

The Construction Products Group, which generated about 37% of net sales in fiscal 2025, relies heavily on specialized routes to market for its industrial and commercial customers.

• Direct sales force for industrial and commercial end-users (PCG, CPG): This channel targets large-scale projects. For the Performance Coatings Group, this includes a supply-and-apply model serving manufacturers and public institutions directly.
• Independent distributors and dealers for professional products: This is key for contractors and specifiers using products across the CPG and PCG segments for maintenance and restoration.

The Consumer Group, which accounted for roughly 33% of RPM International Inc.'s net sales in fiscal 2025, leans heavily on high-volume retail access. You see brands like Rust-Oleum and DAP moving through these channels.

• Mass retail and home improvement stores (Consumer Group): This is the bread-and-butter for reaching the do-it-yourself (DIY) customer base for small-project paints, caulks, and sealants.
• E-commerce platforms and digital storefronts: The acquisition of The Pink Stuff, for example, specifically bolstered RPM International Inc.'s position in channels including e-commerce, alongside mass retail and grocery. This shows a clear intent to grow digital shelf space.

The focus on high-value, complex projects in the industrial and construction segments dictates a different channel approach, often involving direct technical sales and specialized service delivery.

The turnkey service model for high-performance roofing and flooring is a critical channel differentiator, especially within the Construction Products Group and Performance Coatings Group. This isn't just selling a product; it's selling an installed system. For instance, record PCG sales in Q4 2025 were fueled by demand for turnkey flooring solutions, and CPG sales were driven by systems and turnkey roofing solutions for high-performance buildings. This model integrates product specification, supply, and application through authorized contractors or direct service teams, capturing more of the total project value.

For your next step, Finance needs to track the revenue contribution percentage from the newly integrated businesses within the three-segment structure for the first half of fiscal 2026, focusing on the growth rate of the e-commerce channel.

RPM International Inc. (RPM) - Canvas Business Model: Customer Segments

You're looking at the core customer base for RPM International Inc. as of late 2025, which is reflected in their $7.37 billion in net sales for fiscal year 2025. The company serves a highly diversified set of buyers, which helps balance performance across economic cycles. Remember, RPM reorganized its operating segments effective June 1, 2025, moving units from the former Specialty Products Group into the Construction Products, Performance Coatings, and Consumer Groups to drive collaboration.

Professional contractors and applicators (roofing, flooring, sealants)

This group is a primary driver for the Construction Products Group (CPG) and the Performance Coatings Group (PCG). CPG saw a 6.3% increase in net sales for fiscal 2025, largely fueled by systems and turnkey roofing solutions aimed at high-performance buildings. The PCG also reported a strong 9.2% increase in net sales for the full year, supported by demand for turnkey flooring solutions. You can see the professional focus in the product offerings now housed within the new structure:

• Seamless high-performance Flooring Solutions.
• Corrosion Control & Fireproofing Coatings.
• Fiberglass Reinforced Plastic Gratings.
• Engineered systems for construction projects.

Industrial and commercial facility owners and maintenance teams

These customers rely on RPM for maintenance and repair applications, which allow them to extend asset life rather than immediately replacing assets. This focus area contributes significantly to the growth seen in the CPG and PCG segments. The company emphasizes offering a comprehensive package of materials needed for a project, known as system selling, which deepens relationships and drives repeat business with these large-scale buyers. For the fourth quarter of fiscal 2025, PCG posted net sales of $399,208 thousand.

DIY (Do-It-Yourself) consumers and homeowners

The Consumer Group serves this segment directly, featuring well-known brands like Rust-Oleum, DAP, Varathane, and Zinsser. This segment experienced some headwinds; its sales for fiscal 2025 saw a 1.6% decline, driven by softness in DIY markets, though acquisitions like The Pink Stuff provided some offset. Still, the breadth of their consumer offerings is substantial:

• Small-Project Paints & Coatings.
• Caulks & Sealants.
• Wood Stains, Finishes & Treatments.
• Household Cleaners & Stain Removers.

The Consumer Group reported sales of $691,539 thousand for the fourth quarter of fiscal 2025.

Specialty Original Equipment Manufacturers (OEMs)

Businesses that integrate RPM products into their own manufactured goods are a key part of the former Specialty Products Group, now distributed across the other segments. These specialty OEM markets showed signs of stabilization after a cyclical downturn, with the integrated SPG businesses contributing to a modest 1.9% net sales increase for that group in fiscal 2025. Specialty OEM Coatings are explicitly listed as a product area.

Infrastructure and public works projects

This customer base is served through high-performance solutions within the Construction Products Group and Performance Coatings Group. Products like Drainage Systems and Fiberglass Reinforced Plastic Gratings directly support infrastructure needs. The focus on engineered systems and services within these groups expanded margins, partially offsetting other costs in fiscal 2025.

The geographic distribution of RPM's $7.37 billion in fiscal 2025 sales shows where the majority of these customer segments are located:

Region	Fiscal 2025 Net Sales Amount
North America	$5.8 billion
Europe	$1.1 billion
Latin America	$290 million
Asia/Pacific	$159 million
Africa/Middle East/Other Foreign	$109 million

Honestly, North America accounts for the lion's share of the business, representing approximately 78.7% of total fiscal 2025 revenue ($5.8b / $7.37b).

RPM International Inc. (RPM) - Canvas Business Model: Cost Structure

You're looking at the major outflows that keep RPM International Inc.'s global operations running, especially as they wrap up a major efficiency drive. Honestly, understanding these costs is key to seeing where their profitability comes from.

Raw material costs, which include things like resins, pigments, and solvents, are definitely a major part of the total expense picture. While the exact breakdown isn't itemized in the latest reports, the Cost of Sales figure reflects these inputs, alongside manufacturing overhead. For the fiscal year ended May 31, 2025, the Cost of Sales was reported at $4,322,166 thousand on Net Sales of $7,372,644 thousand. Raw material cost inflation was noted as an offset to record Adjusted EBIT for fiscal 2025.

Manufacturing and distribution expenses are spread across the company's 118 manufacturing facilities globally. The Cost of Sales figure captures the bulk of these direct production costs. The company is actively investing in its footprint, as seen in the capital expenditures, which included investments for MAP 2025-enabled plant consolidations, new production facilities in Malaysia and India, and a new distribution center in Belgium.

Selling, General, and Administrative (SG&A) expenses saw an increase during the quarter, driven by several factors. These included higher M&A expenses, variable compensation tied to the sale of technical products, and the SG&A associated with recently acquired businesses. The company implemented SG&A streamlining actions to help offset these increased expenses.

Capital expenditures (CapEx) for fiscal year 2025 totaled $229.9 million, up from $214.0 million in fiscal year 2024. This spending reflects ongoing investments in shared facilities, like the Resin Center of Excellence, and new production and distribution sites.

Costs related to M&A integration and plant consolidations are largely captured under restructuring charges and transitory costs associated with the Margin Achievement Plan 2025 (MAP 2025). The company reported a Restructuring Expense of $24,979 thousand for fiscal 2025. Furthermore, transitory costs related to plant consolidations and start-ups partially offset the record Adjusted EBIT for the year. As of the end of fiscal 2024, the company had estimated an additional $81.5 million in future expenditures related to MAP 2025 implementation, covering expected severance, benefit charges, and facility closure costs, as the plan neared completion by the end of fiscal 2025.

Here's a quick look at the key cost line items from the fiscal 2025 results:

Cost Category	FY2025 Amount (in thousands)	FY2025 Amount (in millions)	Key Driver/Context
Net Sales	$7,372,644	$7,372.6	Total revenue base
Cost of Sales	$4,322,166	$4,322.2	Includes raw materials and manufacturing costs
Selling, General, & Administrative Expenses	$2,150,537	$2,150.5	Increased by M&A expenses and variable compensation
Capital Expenditures	$229,900	$229.9	Investments in facilities and MAP 2025 consolidations
Restructuring Expense	$24,979	$24.98	Charges related to MAP 2025 activities

The MAP 2025 initiative aimed to maximize operational efficiencies, and its benefits were leveraged to achieve record Adjusted EBIT, even with the noted cost pressures.

• MAP 2025 operational improvements drove record Adjusted EBIT.
• The company operates 118 manufacturing facilities globally.
• SG&A streamlining actions were put in place to partially offset increased expenses.
• Operating working capital as a percentage of sales increased to 24.3% in fiscal 2025 from 23.5% in fiscal 2024 due to strategic inventory purchases.
• Cash provided by operating activities was $768.2 million, the second highest in company history, aided by MAP 2025 working capital efficiency.

Finance: draft 13-week cash view by Friday.

RPM International Inc. (RPM) - Canvas Business Model: Revenue Streams

The revenue streams for RPM International Inc. are fundamentally rooted in the sales of specialty coatings, sealants, and building materials across its operating segments. You see this clearly in the top-line performance for the recently concluded fiscal year.

RPM International Inc. achieved record net sales of $7.37 billion for fiscal year 2025, a slight increase of 0.5% compared to the prior-year record. This record performance was achieved despite a mixed economic environment, showing the resilience built into the business model, partly through the MAP 2025 operating improvements.

The company reorganized its operating segments effective June 1, 2025, into three primary groups: the Construction Products Group (CPG), the Performance Coatings Group (PCG), and the Consumer Group. The former Specialty Products Group businesses were distributed across these three segments. Here is a look at the revenue drivers and growth metrics for the fourth quarter of fiscal 2025, which ended May 31, 2025.

The revenue generation is heavily influenced by demand in specific end-markets, such as systems and turnkey solutions for high-performance buildings, which drove significant growth in the CPG and PCG segments.

Segment	Q4 FY2025 Net Sales (Thousands)	Q4 FY2025 Organic Sales Growth	Key Revenue Driver
Construction Products Group (CPG)	$809,913	6.7%	Systems and turnkey roofing solutions for high-performance buildings
Performance Coatings Group (PCG)	$399,208	4.4%	Turnkey flooring solutions and fiberglass reinforced plastics structures
Consumer Group	$691,539	3.8% decline	New product introductions and The Pink Stuff acquisition

You can see the difference in momentum across the segments in the fourth quarter. The Construction Products Group (CPG) showed strong organic sales growth, building on strong prior-year sales that had increased 6.6%. The Performance Coatings Group (PCG) also delivered positive organic growth, which the prompt highlights as 4.4% in Q4 FY2025, supported by demand from data centers.

The Consumer Group, however, faced headwinds. Its revenue stream experienced a decline, which management attributed to softness in DIY markets and product rationalization. Still, this group saw some offset from new product introductions and the benefit of an acquisition that closed just before the quarter ended. The revenue composition for the Consumer Group in Q4 included:

• Organic sales decline of 3.8%.
• Growth from acquisitions of 2.3%.
• Foreign currency translation decline of 0.1%.

Overall, the company's ability to generate record fiscal 2025 sales of $7.37 billion while navigating market variations underscores the diversified nature of its revenue streams, which rely on both large-scale construction projects and consumer purchasing patterns.