RPM Sets MAP 2030 Targets: $10 Billion in Sales and a 20% Adjusted EBITDA Margin by Fiscal 2030
RPM International is aiming to lift annual sales to $10 billion and adjusted EBITDA to $2 billion by fiscal 2030 under a new operating improvement program called MAP 2030, the coatings and sealants maker said in an investor day presentation filed with an 8-K on Monday.
The plan, presented at an Investor Day event in Cherry Hill, New Jersey, sets a 20% adjusted EBITDA margin goal for fiscal 2030. That compares with a 15.6% margin on $7.86 billion of sales in fiscal 2026, which ended May 31, an improvement of 440 basis points.
RPM also listed a $30 billion market capitalization among its fiscal 2030 goals.
How the math works
The presentation calls for revenue to rise by $2.14 billion from fiscal 2026, a 6.2% compound annual growth rate. The company's growth assumptions are an estimated 2% a year each from volume, price and acquisitions, according to the slides.
Adjusted EBITDA is targeted to grow from $1.23 billion to $2 billion, a 13.0% compound annual rate. RPM expects gross margin to widen to 43.0% from 41.4%, while SG&A and other costs fall to 25.8% of sales from 28.6%.
The company identified $400 million of total EBITDA benefits from fiscal 2027 through fiscal 2030, split across four buckets:
- SG&A: $125 million
- Manufacturing: $115 million
- Procurement: $112 million
- Commercial excellence: $48 million
RPM is also targeting working capital of 20.0% of sales, down from 23.7%.
Four priorities
The presentation names four priorities to deliver the margin expansion: leveraging core brands to spur growth and innovation, applying proven strategies for global expansion, deploying existing SG&A to "amplify connectivity," and reinforcing the company's culture for growth.
RPM said 23% of its sales come from outside North America and that it sees an $80 billion serviceable obtainable market today, of which its fiscal 2026 sales represent 10%.
MAP 2030 follows the earlier MAP 2025 program. RPM said its average annual cash provided by operating activities was $841.6 million in fiscal 2023 through fiscal 2026, up from $446.9 million in the four years before MAP 2025. The company also cited 53 consecutive years of dividend increases.
RPM did not provide a reconciliation for its fiscal 2030 adjusted EBITDA and margin targets, saying material terms that affect those measures are not in its control or cannot be reasonably predicted, according to the 8-K.
Sources
- RPM International Inc., Form 8-K (Item 7.01) and Exhibit 99.1 Investor Day presentation, filed Nov. 9, 2026, accession 0001193125-26-452970
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