On this page of StockholderLetter.com we present the latest annual shareholder letter from RPM INTERNATIONAL INC/DE/ — ticker symbol RPM. Reading current and past RPM letters to shareholders can bring important insights into the investment thesis.
THE POWER OF 2 0 2 5 S U M M A RY A N N UA L R E P O RT
TABLE OF CONTENTS 02 CEO Letter 04 FY25 Performance 05 The Power of RPM 06 People 07 Board & Governance 08 Agility 10 13 Resilience Board of Directors and Officers 11 14 12 17 Simplicity Relentless Persistence Financial Statements Shareholder Information Forward-Looking Statements This Annual Report includes forward-looking statements relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us and are subject to uncertainties and factors, which are difficult to predict and, in many instances, are beyond our control. As a result, our actual results could differ materially from those expressed in or implied by any such forward-looking statements. These uncertainties and factors include, but are not limited to, those detailed in our filings with the Securities and Exchange Commission, including the risk factors set forth in our Form 10-K for the year ended May 31, 2025, as the same may be updated from time to time. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date hereof.
THE BEST COMPANIES ARE BUILT ON CHARACTERISTICS THAT WITHSTAND THE TEST OF TIME. The Power of RPM explores the interlocking elements that help to shape a respected organization with market-leading brands trusted by consumers and professionals alike. Our products are found in homes, workplaces, infrastructure and precious landmarks around the world. RPM 2025 SUMMARY ANNUAL REPORT 1
CEO LETTER DEAR SHAREHOLDERS, It is with pride that I reflect on RPM s accomplishments in fiscal year 2025 and introduce this year s Annual Report, centered on the theme of The Power of RPM. This theme encapsulates our ongoing commitment to growth, efficiency and the values that form the foundation of everything we do. FISCAL YEAR 2025 WAS A LANDMARK YEAR FOR RPM. Together, we brought our MAP 2025 initiative to a successful close, achieving significant progress while laying a solid foundation for future success. By focusing on what we could control, we expanded margins, improved working capital and generated record financial results. These efforts not only bolstered our operational performance but also accelerated a cultural shift toward greater collaboration, which has been a hallmark of our MAP initiatives. Frank C. Sullivan Chair and Chief Executive Officer RPM International Inc. August 21, 2025 An essential pillar of The Power of RPM is growth, and fiscal 2025 was historic in this respect. It marked our largest investment in acquisitions in RPM s history. Thanks to the groundwork laid by MAP 2025, we are now in an excellent position to fully integrate these businesses, leveraging synergies and unlocking new opportunities. This year, we also advanced innovation and operational capabilities through investments in new facilities like the Resin Center of Excellence in Belgium and the Serendah facility in Malaysia, further strengthening our global footprint. Efficiency remains another driving force behind The Power of RPM. By harnessing data-driven decisionmaking and aligning our teams across divisions and geographies, we ve created a structure that ensures operational discipline and adaptability in an evolving marketplace. A clear example of this efficiency is our Green Belt program, where our associates identify, implement and track efficiency opportunities at our facilities. This program has generated more than $43 million in savings, with over $30 million in the pipeline, and is helping to solidify an efficiency mindset in our culture. 2 RPM 2025 SUMMARY ANNUAL REPORT
Finishworks Fibergrate Underlying all our successes are the core values at the heart of RPM. Transparency, Trust and Respect continue to guide how we operate, make decisions and engage with our stakeholders. These principles are what make RPM a strong business and one that people trust and believe in. As we move forward under The Power of RPM framework, the focus is clear: we will maintain our operational discipline, accelerate growth and continue delivering exceptional value to all stakeholders. None of this would be possible without the unwavering dedication of our associates, the trust of our customers, guidance of our board of directors and the confidence of you, our shareholders. For that, I sincerely thank you. THE POWER OF RPM WILL DRIVE OUR NEXT CHAPTER. With an eye on the opportunities ahead, I am excited about this next chapter for RPM. Together, we are building on solid foundations to create a company poised to thrive well into the future. Here s to another year of extraordinary progress and impact. Nudura CELEBRATING A LEGACY OF LEADERSHIP AND INNOVATION After over three decades with RPM, Ronnie Holman, President of RPM Specialty Products Group, announced his retirement in summer 2025. Ronnie s journey at RPM began as a laboratory technician at Chemical Coatings, which later became part of RPM. He then advanced through leadership positions in Research & Development, the RPM Wood Finishes Group and the OEM Industrial Group. Ronnie became the leader of the Specialty Products Group in 2019. Over the past six years, he has transformed the group, driving organic growth, completing key acquisitions and expanding iconic brands. We are grateful for Ronnie s contributions to RPM during his career, which have supported the company s growth, efficiency and innovation. Among his many achievements is the establishment of the RPM Innovation Center of Excellence a testament to his forward-thinking leadership, mentorship and insight. While we will miss Ronnie and wish him a joyful, fulfilling retirement, we are confident his legacy will guide us as we continue striving for greater success. RPM 2025 SUMMARY ANNUAL REPORT 3
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RPM Shareholder/Stockholder Letter Transcript:

THE
POWER
OF
2 0 2 5 S U M M A RY
A N N UA L R E P O RT

TABLE OF
CONTENTS
02
CEO Letter
04
FY25 Performance
05
The Power of RPM
06
People
07
Board & Governance
08
Agility
10
13
Resilience
Board of Directors
and Officers
11
14
12
17
Simplicity
Relentless Persistence
Financial Statements
Shareholder Information
Forward-Looking Statements
This Annual Report includes forward-looking statements relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs
concerning future events impacting us and are subject to uncertainties and factors, which are difficult to predict and, in many instances, are beyond our control. As a result, our actual results could differ
materially from those expressed in or implied by any such forward-looking statements. These uncertainties and factors include, but are not limited to, those detailed in our filings with the Securities
and Exchange Commission, including the risk factors set forth in our Form 10-K for the year ended May 31, 2025, as the same may be updated from time to time. We do not undertake any obligation to
publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date hereof.

THE BEST COMPANIES ARE BUILT
ON CHARACTERISTICS THAT
WITHSTAND THE TEST OF TIME.
The Power of RPM explores
the interlocking elements
that help to shape a
respected organization
with market-leading brands
trusted by consumers and
professionals alike. Our
products are found in homes,
workplaces, infrastructure
and precious landmarks
around the world.
RPM 2025 SUMMARY ANNUAL REPORT
1

CEO LETTER
DEAR SHAREHOLDERS,
It is with pride that I reflect on RPM   s accomplishments
in fiscal year 2025 and introduce this year   s Annual
Report, centered on the theme of The Power of RPM.
This theme encapsulates our ongoing commitment
to growth, efficiency and the values that form the
foundation of everything we do.
FISCAL YEAR 2025
WAS A LANDMARK
YEAR FOR RPM.
Together, we brought our MAP 2025 initiative to
a successful close, achieving significant progress
while laying a solid foundation for future success.
By focusing on what we could control, we
expanded margins, improved working capital and
generated record financial results. These efforts
not only bolstered our operational performance
but also accelerated a cultural shift toward greater
collaboration, which has been a hallmark of our
MAP initiatives.
Frank C. Sullivan
Chair and Chief Executive Officer
RPM International Inc.
August 21, 2025
An essential pillar of The Power of RPM is growth,
and fiscal 2025 was historic in this respect. It marked
our largest investment in acquisitions in RPM   s history.
Thanks to the groundwork laid by MAP 2025, we are
now in an excellent position to fully integrate these
businesses, leveraging synergies and unlocking new
opportunities. This year, we also advanced innovation
and operational capabilities through investments in
new facilities like the Resin Center of Excellence in
Belgium and the Serendah facility in Malaysia, further
strengthening our global footprint.
Efficiency remains another driving force behind
The Power of RPM. By harnessing data-driven decisionmaking and aligning our teams across divisions and
geographies, we   ve created a structure that ensures
operational discipline and adaptability in an evolving
marketplace. A clear example of this efficiency is our
Green Belt program, where our associates identify,
implement and track efficiency opportunities at our
facilities. This program has generated more than
$43 million in savings, with over $30 million in the
pipeline, and is helping to solidify an efficiency
mindset in our culture.
2
RPM 2025 SUMMARY ANNUAL REPORT

Finishworks
Fibergrate
Underlying all our successes are the core values
at the heart of RPM. Transparency, Trust and
Respect continue to guide how we operate, make
decisions and engage with our stakeholders. These
principles are what make RPM a strong business
and one that people trust and believe in.
As we move forward under The Power of RPM
framework, the focus is clear: we will maintain
our operational discipline, accelerate growth
and continue delivering exceptional value to all
stakeholders. None of this would be possible
without the unwavering dedication of our
associates, the trust of our customers, guidance of
our board of directors and the confidence of you,
our shareholders. For that, I sincerely thank you.

THE POWER OF RPM
WILL DRIVE OUR
NEXT CHAPTER.
With an eye on the opportunities ahead, I am excited
about this next chapter for RPM. Together, we are
building on solid foundations to create a company
poised to thrive well into the future. Here   s to another
year of extraordinary progress and impact.
Nudura
CELEBRATING
A LEGACY OF
LEADERSHIP AND
INNOVATION
After over three decades with RPM, Ronnie Holman,
President of RPM Specialty Products Group,
announced his retirement in summer 2025. Ronnie   s
journey at RPM began as a laboratory technician at
Chemical Coatings, which later became part of RPM.
He then advanced through leadership positions in
Research & Development, the RPM Wood Finishes
Group and the OEM Industrial Group.
Ronnie became the leader of the Specialty Products
Group in 2019. Over the past six years, he has
transformed the group, driving organic growth,
completing key acquisitions and expanding
iconic brands.
We are grateful for Ronnie   s contributions to
RPM during his career, which have supported the
company   s growth, efficiency and innovation.
Among his many achievements is the establishment
of the RPM Innovation Center of Excellence     a
testament to his forward-thinking leadership,
mentorship and insight. While we will miss Ronnie
and wish him a joyful, fulfilling retirement, we are
confident his legacy will guide us as we continue
striving for greater success.
RPM 2025 SUMMARY ANNUAL REPORT
3



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