RPM targets $10 billion in revenue by 2030 under MAP 2030
RPM set fiscal 2030 targets of $10 billion in revenue, a 20% adjusted EBITDA margin and a $30 billion market capitalization under its new MAP 2030 program.
Key takeaways
- RPM International (RPM) unveiled MAP 2030, an operating improvement program at its Investor Day in Cherry Hill, New Jersey, on Nov. 9. Targets for fiscal 2030 include $10 billion in revenue, a 20% adjusted EBITDA margin and a $30 billion market capitalization.
RPM International (RPM) unveiled MAP 2030, an operating improvement program, at an Investor Day in Cherry Hill, New Jersey. Shares were little changed at 12:30 p.m. ET, from a $105.08 close.
The plan targets $10 billion in revenue, a 20% adjusted EBITDA margin and a $30 billion market capitalization by fiscal 2030. Fiscal 2026 sales were $7.86 billion, with adjusted EBITDA of $1.23 billion, a margin of 15.6%. The adjusted EBITDA target is $2 billion.
The company expects the margin to expand by 440 basis points through four priorities: leveraging core brands to spur growth and innovation, applying proven strategies for global expansion, deploying existing SG&A to amplify connectivity, and reinforcing a foundational culture for growth.
Sales outside North America made up 23% of fiscal 2026 sales, and the company expects global growth to accelerate. MAP 2025 lifted its adjusted EBITDA margin by 280 basis points from fiscal 2022 to fiscal 2026.
Improved cash flow gives it more room to fund organic growth, strategic acquisitions, share repurchases and its dividend, which has risen for 53 consecutive years.