RPM International
31 named things its latest annual report says its results depend on, each in the company's own words. 14 of them are also named by other companies we've read.
Customers
Single largest Consumer segment customer
earns from · 20%, 23% and 22% of our Consumer segment net salesnamed as a riskFor example, sales to our single largest customer represented 20%, 23% and 22% of our Consumer segment net sales for fiscal 2026, 2025 and 2024, respectively.Risk factors (Item 1A)
Oil and gas industry
earns fromnamed as a riskEconomic distress, decreased purchasing power, public crises, business cyclicality, such as in the oil and gas industry, or other factors could cause difficulties for our customers and, in turn, result in decreases in demand for our products.Risk factors (Item 1A)
Government procurement contracts
earns fromnamed as a riskSome of our companies have contracts with and supply product to federal, state and local governmental entities and their contractors, and are required to comply with specific cybersecurity frameworks, procurement regulations and other requirements relating to those contracts and sales.Risk factors (Item 1A)
Suppliers
Sole source suppliers
depends onnamed as a riskCost and adequate supply of raw materials is managed by establishing contracts, procuring from multiple sources, and identifying alternative materials or technology; however, sole source suppliers, the unavailability of raw materials or increased prices of raw materials that we are unable to pass along to our customers could have a material adverse effect on our business, financial condition, results of operations or cashflows.Risk factors (Item 1A)
Also named by AVAV, AYI, BA, BDX, HII, IONQ, KMB, LHX and 6 more
Competitors
The Sherwin-Williams Company
competes withnamed as a riskSome companies that compete in our markets include Akzo Nobel, Axalta Coating Systems Ltd., Carlisle Companies Inc., H.B. Fuller, Masco Corporation, PPG Industries, Inc., The Sherwin-Williams Company and Sika AG.Risk factors (Item 1A)
Axalta Coating Systems Ltd.
competes withnamed as a riskSome companies that compete in our markets include Akzo Nobel, Axalta Coating Systems Ltd., Carlisle Companies Inc., H.B. Fuller, Masco Corporation, PPG Industries, Inc., The Sherwin-Williams Company and Sika AG.Risk factors (Item 1A)
Also named by PPG
Akzo Nobel
competes withnamed as a riskSome companies that compete in our markets include Akzo Nobel, Axalta Coating Systems Ltd., Carlisle Companies Inc., H.B. Fuller, Masco Corporation, PPG Industries, Inc., The Sherwin-Williams Company and Sika AG.Risk factors (Item 1A)
Carlisle Companies Inc.
competes withnamed as a riskSome companies that compete in our markets include Akzo Nobel, Axalta Coating Systems Ltd., Carlisle Companies Inc., H.B. Fuller, Masco Corporation, PPG Industries, Inc., The Sherwin-Williams Company and Sika AG.Risk factors (Item 1A)
H.B. Fuller
competes withnamed as a riskSome companies that compete in our markets include Akzo Nobel, Axalta Coating Systems Ltd., Carlisle Companies Inc., H.B. Fuller, Masco Corporation, PPG Industries, Inc., The Sherwin-Williams Company and Sika AG.Risk factors (Item 1A)
Masco Corporation
competes withnamed as a riskSome companies that compete in our markets include Akzo Nobel, Axalta Coating Systems Ltd., Carlisle Companies Inc., H.B. Fuller, Masco Corporation, PPG Industries, Inc., The Sherwin-Williams Company and Sika AG.Risk factors (Item 1A)
PPG Industries, Inc.
competes withnamed as a riskSome companies that compete in our markets include Akzo Nobel, Axalta Coating Systems Ltd., Carlisle Companies Inc., H.B. Fuller, Masco Corporation, PPG Industries, Inc., The Sherwin-Williams Company and Sika AG.Risk factors (Item 1A)
Sika AG
competes withnamed as a riskSome companies that compete in our markets include Akzo Nobel, Axalta Coating Systems Ltd., Carlisle Companies Inc., H.B. Fuller, Masco Corporation, PPG Industries, Inc., The Sherwin-Williams Company and Sika AG.Risk factors (Item 1A)
Places
International markets (foreign operations)
earns from · approximately 29.8% of our net salesnamed as a riskOur foreign manufacturing operations accounted for approximately 29.8% of our net sales for the fiscal year ended May 31, 2026, not including exports directly from the United States which accounted for approximately 0.9% of our net sales for fiscal 2026.Risk factors (Item 1A)
Also named by ABNB, ADSK, BSX, CROX, CRWD, DOCU, DXCM, EFX and 18 more
Hazards
Asbestos
named as a riskIn the course of our business, we are subject to a variety of inquiries, investigations and claims by regulators, as well as claims and lawsuits, including class actions by private parties which relate to, among other things, breach of contract, employment, product liability, fiduciary duty, performance, defects, and compliance warranty claims, asbestos or other chemicals or materials that are or were in our products, whether intentionally added or resulting from contamination, the environment, and intellectual property.Risk factors (Item 1A)
Middle East conflict
exposed to its pricenamed as a riskWe expect that inflation of some raw materials resulting from the Middle East conflict and tariffs, will create headwinds impacting our results in fiscal 2027.Business (Item 1)
Weather / U.S. construction and exterior painting season
named as a riskUnusually cold or rainy weather or other disruptive events, especially during the U.S. general construction and exterior painting season, may also have an adverse effect on sales.Risk factors (Item 1A)
Russian invasion of Ukraine
named as a riskOur operations and financial condition could be adversely affected by many factors including but not limited to a market decline, government shutdowns, a public health crisis, war, or civil unrest similar to the Middle East conflict and the Russian invasion of Ukraine, higher inflation or interest rates, economic recession, natural disasters, impacts of and issues related to climate change, changes to laws or regulations (including import and export requirements such as new or increased tariffs, sanctions, or trade barriers), cybersecurity incidents, terrorist activity, business disruptions, our ability to adequately staff our operations or otherwise.Risk factors (Item 1A)
Commodities and inputs
Secured Overnight Financing Rate (SOFR)
exposed to its price · approximately 34.4% of our debt was subject to floating interest ratesnamed as a riskOur primary exposure to interest rate risk is movements in the Secured Overnight Financing Rate (SOFR), European Short-Term Rate (ESTR), and Canadian Overnight Repo Rate Average (CORRA).Market risk (Item 7A)
Also named by ABR, ADBE, AGM, AMG, ARCC, BCSF, BRO, CAT and 21 more
Petroleum-based raw materials
exposed to its pricenamed as a riskMany of our raw materials are petroleum-based derivatives, minerals and metals.Risk factors (Item 1A)
Natural gas- and oil-based materials
exposed to its pricenamed as a riskThese uncertainties and factors include (a) global and regional markets and general economic conditions, including uncertainties surrounding the volatility in financial markets, the availability of capital and the viability of banks and other financial institutions; (b) the prices, supply and availability of raw materials, including assorted pigments, resins, solvents, and other natural gas- and oil-based materials; packaging, including plastic and metal containers; and transportation services, including fuel surcharges; (c) continued growth in demand for our products; (d) legal, environmental and litigation risks inherent in our businesses and risks related to the adequacy of our insurance coverage for such matters; (e) the effect of changes in interest rates; (f) the effect of fluctuations in currency exchange rates upon our foreign operations; (g) changes in global trade policies, including the adoption or expansion of tariffs and trade barriers; (h) the effect of non-currency risks of investing in and conducting operations in foreign countries, including those relating to domestic and international political, social, economic and regulatory factors; (i) risks and uncertainties associated with our ongoing acquisition and divestiture activities; (j) the timing of and the realization of anticipated cost savings from restructuring initiatives, the ability to identify additional cost savings opportunities, and the risks of failing to meet any other objectives of our improvement plans; (k) risks related to the adequacy of our contingent liability reserves; (l) risks relating to a public health crisis similar to the Covid pandemic; (m) risks related to acts of war similar to the Middle East conflict and the Russian invasion of Ukraine; (n) risks related to the transition or physical impacts of climate change and other natural disasters or meeting sustainability-related voluntary goals or regulatory requirements; (o) risks related to our or our third parties' use of technology including AI, data breaches and data privacy violations; (p) the shift to remote work and online purchasing and the impact that has on residential and commercial real estate construction; and (q) other risks detailed in our filings with the Securities and Exchange Commission, including the risk factors set forth in our Annual Report on Form 10-K for the year ended May 31, 2026, as the same may be updated from time to time.Market risk (Item 7A)
Regulators
Office of Foreign Assets Control (OFAC)
subject tonamed as a riskWe are required to comply with U.S. regulations on trade sanctions and embargoes administered by the U.S. Department of the Treasury, Office of Foreign Assets Control, the Commerce Department and similar multi-national bodies and governmental agencies worldwide, which are complex and often changing.Risk factors (Item 1A)
Also named by ABNB, ADP, AIG, APP, BMI, BMNR, BPOP, CAT and 46 more
Laws and programs
U.S. Foreign Corrupt Practices Act
subject tonamed as a riskThe U.S. Foreign Corrupt Practices Act and similar anti-bribery laws of other countries generally prohibit companies and their intermediaries from making or receiving improper payments to governmental officials or others for the purpose of obtaining or retaining business or for other unfair advantage.Risk factors (Item 1A)
Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more
CERCLA
subject tonamed as a riskThese laws and regulations include the U.S. Clean Air Act, the Clean Water Act, RCRA, CERCLA, TSCA, Canada’s Chemical Management Program and DSL, EU and UK, REACH and many other federal, state, provincial, local and international statutes.Risk factors (Item 1A)
Also named by AA, AAOI, ALB, AN, APD, APLD, ATI, AWK and 27 more
U.S. Clean Air Act
subject tonamed as a riskThese laws and regulations include the U.S. Clean Air Act, the Clean Water Act, RCRA, CERCLA, TSCA, Canada’s Chemical Management Program and DSL, EU and UK, REACH and many other federal, state, provincial, local and international statutes.Risk factors (Item 1A)
Also named by AEE, CTAS, CWST, EMN, FIX, HESM, KGS, NOC and 6 more
REACH
subject tonamed as a riskThese laws and regulations include the U.S. Clean Air Act, the Clean Water Act, RCRA, CERCLA, TSCA, Canada’s Chemical Management Program and DSL, EU and UK, REACH and many other federal, state, provincial, local and international statutes.Risk factors (Item 1A)
U.S. tariffs and international trade duties
subject tonamed as a riskAny increased costs associated with tariffs, duties or other trade policies that is not offset by an increase in our prices could have a material adverse effect on our business, financial condition, results of operations or cash flows.Risk factors (Item 1A)
TSCA
subject tonamed as a riskThese laws and regulations include the U.S. Clean Air Act, the Clean Water Act, RCRA, CERCLA, TSCA, Canada’s Chemical Management Program and DSL, EU and UK, REACH and many other federal, state, provincial, local and international statutes.Risk factors (Item 1A)
RCRA
subject tonamed as a riskThese laws and regulations include the U.S. Clean Air Act, the Clean Water Act, RCRA, CERCLA, TSCA, Canada’s Chemical Management Program and DSL, EU and UK, REACH and many other federal, state, provincial, local and international statutes.Risk factors (Item 1A)
Canada Chemical Management Program
subject tonamed as a riskThese laws and regulations include the U.S. Clean Air Act, the Clean Water Act, RCRA, CERCLA, TSCA, Canada’s Chemical Management Program and DSL, EU and UK, REACH and many other federal, state, provincial, local and international statutes.Risk factors (Item 1A)
Technology
Rust-Oleum trademark
more than 1,000 trademark registrations or applicationsAmong our most significant intangibles are our Rust-Oleum®, Carboline®, DAP® and Tremco® trademarks.Business (Item 1)