RPM’s QQ1 FY2025 results reflect a disciplined, growth-oriented operating program (MAP 2025) that delivered a record first-quarter adjusted EBIT and solid cash flow despite a modest revenue contraction driven by FX headwinds and softer consumer end markets. Management highlighted the benefits of MAP 2025—particularly fixed-cost leverage, procurement optimization, and selective SG&A rationalization—which contributed to a 6.3% year-over-year increase in adjusted EBIT to $361.07 million and an all-time high adjusted EPS of $1.84 (GAAP EPS $1.78). Revenue declined 2.1% year over year to $1.9679 billion, with pricing modestly positive yet offset by currency effects and a slight organic revenue dip. RPM continued to generate strong cash flow, with operating cash flow of $248.1 million and free cash flow of $197.3 million, allowing another debt repayment of $75 million and a total debt reduction of $453 million over the prior 12 months. The company signaled durable upside through logistics and growth initiatives (data centers, high-performance buildings, infrastructure, and reshoring) and reiterated guidance for low-single-digit revenue growth and mid-single-digit to low-double-digit adjusted EBIT growth for FY2025. While Consumer and some OEM-focused segments remain challenged, RPM’s breadth across Construction Products Group (CPG) and Performance Coatings Group (PCG) has preserved margin expansion and earnings quality, supported by ongoing MAP 2025 benefits and improved working capital efficiency. The near-term outlook remains contingent on macro variables (FX, elections, port activity) and housing turnover, but RPM’s balance sheet and cash-generative profile position it to capitalize on mixed-cycle opportunities as rate relief potentially flows through the economy.