RPM International delivered a resilient QQ4 2024 performance with a record level of adjusted EBIT driven by MAP 2025 initiatives, even as end-market headwinds persisted in certain segments. Consolidated organic sales grew 0.4% year over year, while gross margins expanded and operating margins rose meaningfully, reflecting the structural benefits of MAP 2025 and a leaner SG&A posture. The year culminated in a robust cash flow generation profile, with operating cash flow of $1.12 billion for fiscal 2024, debt repayment of approximately $557 million, and a free cash flow of $105.3 million. RPM issued guidance signaling a modest topline expansion for fiscal 2025 and mid-single-digit to low-double-digit EBIT growth as MAP 25 benefits continue to compound, with volume sensitivity creating a wide EBIT range depending on demand trajectories.
Segment highlights were mixed: Construction Products Group (CPG) was the growth driver with strength in roofing and turnkey offerings; Consumer delivered market-share gains and higher-margin mix even as DIY softness persisted; Performance Coatings Group (PCG) faced tougher year-over-year comparisons and project timing headwinds; Specialty Products Group (SPG) remained challenged by softer end-markets. Geographically, North America, Africa, and the Middle East posted gains, while Europe faced FX headwinds and the divestiture of noncore European service businesses dampened PCG. Management emphasized MAP 25âs role in margin and working-capital improvements and underscored the need for volume recovery to fully realize the cost-structure benefits. The company also highlighted ongoing innovations (e.g., Nudura and Reptilion) and the potential for selective M&A as cash flow and balance sheet strength improve.