$RPM · RPM INTERNATIONAL INC/DE/
RPM filed an 8-K (Item 7.01) furnishing its Investor Day presentation for the new MAP 2030 operating improvement program, presented November 9, 2026. The plan targets $10B revenue (from $7.86B FY26), 20% Adjusted EBITDA margin (from 15.6%), and $30B market capitalization by fiscal 2030. It identifies $400M in EBITDA benefits across FY27-FY30 from manufacturing, procurement, SG&A, and commercial excellence initiatives.
- MAP 2030 targets $10B revenue by FY30, up from $7.86B FY26 actuals (6.2% CAGR).
- Adjusted EBITDA margin target of 20.0% by FY30, up 440 bps from 15.6% in FY26.
- Adjusted EBITDA target of $2.0B by FY30, up from $1.228B in FY26.
- Identified $400M in EBITDA benefits across FY27-FY30 from manufacturing, procurement, SG&A, and commercial excellence.
- FY26 sales of $7.9B represent ~10% of the $80B serviceable obtainable market.
Shares rose 2.38% to $105.77 in the regular session, up 0.66% since filing, suggesting a modestly positive reception to the long-term targets.
RPM is laying out an ambitious multi-year margin and growth roadmap that, if achieved, would roughly double Adjusted EBITDA to $2.0B by 2030.
RPM's multi-year MAP programs (MAP 2020, MAP 2025) have driven consistent margin expansion, with Adjusted EBITDA margin up 280 bps from FY22 to FY26.
Targets are forward-looking and subject to raw material costs, tariffs, currency, and M&A execution risks; FY30 Adjusted EBITDA reconciliation to GAAP is not provided because material terms are not predictable.