Strong Cash Flow
The quarter saw the second strongest third-quarter operating cash flow in the company's history at $91.5 million, driven by inventory reductions and improved working capital efficiency.
Successful Product Launches
New products like the Mean Green refillable cleaner and Rust-Oleum low odor water-based aerosol paint have been launched, with Mean Green receiving the 2025 House Clean Award from Better Homes and Gardens.
European Market Progress
Advancements have been made in Europe, including plant consolidations and the opening of the Resin Center of Excellence, contributing to efficiency and collaboration improvements.
Acquisition of The Pink Stuff
RPM announced a definitive agreement to acquire The Pink Stuff, a leader in household cleaning products, expanding RPM's offerings and market reach.
MAP 2025 Program Advancements
RPM continued to implement MAP 2025 initiatives, focusing on improving working capital efficiency and SG&A streamlining, which are expected to drive future financial performance.