Posted on August 28, 2023
Get a load of this list—
RPM International Inc. (NYSE:RPM) “manufactures and sells waterproofing, coatings, sealants, air barriers, tapes, foams, resins, grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, cladding materials and concrete form wall systems. It also provides polymer flooring systems, fiberglass reinforced plastic gratings and shapes, corrosion-control coating, containment and railcar lining, fire and sound proofing, and heat and cryogenic insulation products, amine curing agents, reactive diluents, fluorescent colorants and pigments and shellac-based-specialty coatings.”
We’re not so well inclined towards those who would kill us—collaterally, to be sure (as if that matters once you’re pushing up daisies)—via their lust for profits.
Something about it never sat right with us.
But so be it.
If we have to use them as pawns in our slow but steady climb to replace the MUSK man as world’s richest, then so be it.
Let’s start with a one-two look at some numbers.
So, there’s nothing much here to laugh about.
We would only add that the company has been undergoing an expensive restructuring and has also spent a significant sum on acquisitions (hence the debt), along with suffering increased inflation-induced labor and freight costs.
Supply-chain issues are also universal, and RPM has not been immune.
In short, H2 is lining up to be very bumpy for the company.
With kind regards,
Hugh L. O’Haynew