Exhibit 99.1

RPM Reports Record Sales, Net Income for Fiscal 2007 Fourth Quarter and Year

• Industrial Segment Results Up Sharply While Consumer Segment is Flat

• Record Sales, Net Income, EPS for FY2007 Result in Five-Year Plan Achievement

• Fourth Quarter Results Also Set Record

MEDINA, OH — July 23, 2007 — RPM International Inc. (NYSE: RPM) today reported record sales, record net income and record diluted earnings per share for its fiscal 2007 fourth quarter and year ended May 31, 2007. The company’s larger industrial segment posted sharp improvements in sales and earnings for both the quarter and the year. The consumer segment lagged industrial with only modest gains in year-over-year sales and lower earnings for both the quarter and year.

Fourth-Quarter Results

RPM’s record net sales of $1.0 billion were up 10.6% from the $909.2 million reported in the fiscal 2006 fourth quarter. Organic sales growth accounted for 7.3% of the increase, with 1.4% of that amount representing net foreign exchange gains. Net acquisition growth was 3.3% of the total.

Net income for the quarter was a record $84.0 million, compared to a loss of $142.0 million a year ago, which included establishment of a long-term asbestos liability reserve of $321.0 million and fourth quarter asbestos reserves of $14.0 million pre-tax. Record diluted earnings per share were $0.65, compared to a loss of $1.21 in the year-ago period. Excluding the 2006 asbestos charge, net income grew 14.1% from $73.6 million a year ago, while diluted earnings per share increased 12.1% from $0.58 in the fiscal 2006 fourth quarter.

“Our consolidated results once again demonstrate the benefit of the deliberate and strategic balance of products in our industrial and consumer businesses. The fourth quarter was in line with expectations, especially the brisk activity throughout our industrial segment. Our consumer segment faced a tough year-to-year comparison and continued to be challenged by raw material cost pressures. With the strength of our industrial business, disciplined spending and expense controls across the company, and a favorable year-end tax rate, we had a very strong finish to our fiscal year,” said Frank C. Sullivan, president and chief executive officer.

Consolidated earnings before interest and taxes (EBIT) were $133.2 million, compared to a loss of $209.5 million a year ago. Excluding the 2006 asbestos charge, EBIT increased 6.2%, from $125.5 million in the prior-year period.

Fourth-Quarter Segment Sales and Earnings

RPM’s industrial segment sales increased 11.9% to $600.9 million from $536.9 million in the 2006 fourth quarter. Organic sales increased 9.6%, of which 2.0% resulted from net foreign exchange gains. Acquisitions accounted for the remaining 2.3% of the increase. Industrial segment EBIT for the fourth quarter improved 14.2% to $78.7 million from $68.9 million a year ago. “Industrial segment sales growth was solid across most product lines, with particular strength internationally,” said Sullivan.

“In the face of similar business conditions all year, much like we saw during fiscal 2006, our industrial businesses continued to benefit from strong demand outside the U.S., accelerated by growth from new products and market share gains. Segment EBIT outpaced sales growth, due mainly to the recovery of higher raw material costs in pricing, an improvement over this year’s third quarter,” Sullivan said.

Consumer segment sales increased 8.7% to $404.8 million from $372.3 million a year ago. Of the growth in sales, 4.0% was organic, including 0.6% net foreign exchange gains. Acquisitions added 4.7% of the sales growth. Segment EBIT declined 5.6% to $68.2 million from $72.3 million in the fourth quarter a year ago.

Asbestos Update

During the fourth quarter, RPM drew down $18.6 million of its 10-year pre-tax asbestos reserve established in the fourth quarter of fiscal 2006 to cover indemnity and defense costs. Comparable costs were $12.9 million during the final period of fiscal 2006. For the full year, RPM drew down approximately $67.0 million of the asbestos reserve, compared to cash costs in the 2006 fiscal year of $59.9 million. The total asbestos reserve balance stood at $354.3 million at May 31, 2007. “The higher year-over-year asbestos costs in the quarter and full year resulted from the favorable resolution of a greater number of cases versus last year. Importantly, the rate of new case filings continues to run below prior-year levels,” said Sullivan.

Cash Flow and Financial Position

For fiscal 2007, after-tax cash from operations was $213.9 million, up 15.3% from $185.5 million a year ago. Capital expenditures for the year were $70.4 million, compared to depreciation of $59.3 million. Total debt at the end of May 2007 was $988.1 million, compared to $876.6 million at the end of fiscal 2006, mostly as a result of acquisitions. The company’s net (of cash) debt-to-total capitalization ratio was 43.3%, down from 45.3% at May 31, 2006.

Fiscal 2007 Sales and Earnings

Sales, net income and earnings per share were all records for the year ended May 31, 2007.

RPM’s net sales for fiscal 2007 were up 11.0%, to $3.3 billion from $3.0 billion a year ago. Net income was $208.3 million, compared to a loss of $76.2 million in fiscal 2006. Organic growth was 6.7%, including 1.3% foreign exchange gains, while acquisitions added 4.3%. Diluted per share earnings for the year were $1.64, compared to a loss of $0.65 in the prior fiscal year. Prior-year results included asbestos reserves and charges totaling $380.0 million, while 2007 included a $15.0 million pre-tax gain from the settlement of asbestos-related claims against an insurance carrier. Excluding these asbestos items, net income for the year increased 18.1%, to $198.6 million from $168.1 million in fiscal 2006, with diluted earnings per share improving to $1.57 from $1.35, a 16.3% increase.

EBIT for the year was $354.6 million, compared to a year-ago loss of $81.1 million, including asbestos-related items. Excluding asbestos items, EBIT increased 13.6%, to $339.6 million from $298.9 million last year.

RPM’s industrial segment sales grew 15.9% in fiscal 2007, to $2.1 billion from $1.8 billion a year ago. Acquisitions represented 5.6% of this growth, with organic growth adding 10.3%, of which 1.7% was from foreign exchange gains. Industrial organic growth was paced by strong double-digit gains in industrial roofing

and related services, corrosion control coatings, fiberglass-reinforced plastic grating composites and virtually all international businesses. Industrial segment EBIT increased 15.8% to $235.1 million from $202.9 million in fiscal 2006.

Sales for the consumer segment were $1.24 billion, a 3.5% increase from the $1.20 billion reported in fiscal 2006. An organic sales increase of 1.1% included a 0.6% foreign exchange gain, while acquisitions contributed 2.4%. Consumer segment EBIT declined by 3.1%, from $159.3 million in fiscal 2006 to $154.4 million in fiscal 2007.

“Fiscal 2007 concluded a five-year plan laid out in the fall of 2002, where we said we would grow RPM sales to $3.35 billion from $2 billion, double net income to $200 million from $100 million and grow our European presence from $180 million to $500 million. I am pleased to say that RPM associates delivered on these promises, despite day-to-day challenges in the marketplace and the dual-edged sword of an unanticipated asbestos liability crisis and skyrocketing raw material costs,” Sullivan said.

Business Outlook

“For our 2008 fiscal year, we anticipate growth in both revenues and net income of approximately 8% as a result of positive internal growth, the contribution of small- to medium-sized acquisitions done in prior periods and an increase in growth investments in developing countries such as India and China. While these investments will be a small drag on earnings growth over the near term, we believe they will accelerate sales and earnings growth in that part of the world over the coming years,” said Sullivan.

“Raw material costs remain high by historical standards, and certain raw materials, including zinc and a number of resins, increased throughout the fiscal year. While we are experiencing some moderation in raw material feedstock prices and have been able to offset some of the increase with higher pricing, especially in our industrial business, raw materials overall continue at high levels. Despite continuing challenges, we look forward to delivering another year of growth in sales and earnings for RPM shareholders,” said Sullivan.

Webcast and Conference Call Information

Management will host a conference call to further discuss these results beginning at 10:00 a.m. Eastern time today. The call can be accessed by dialing 866-271-0675 or 617-213-8892 for international callers. Participants are asked to call the assigned number approximately 10 minutes before the conference call begins. The call, which will last approximately one hour, will be open to the public, but only financial analysts will be permitted to ask questions. The media and all other participants will be in a listen-only mode.

For those unable to listen to the live call, a replay will be available from approximately 12:00 p.m. Eastern time on July 23 until 11:59 p.m. Eastern time on July 30, 2007. The replay can be accessed by dialing 888-286-8010 or 617-801-6888 for international callers. The access code is 42487691. The call also will be available both live and for replay, and as a written transcript, via the Internet on the RPM web site at http://www.rpminc.com.

RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings and sealants serving both industrial and consumer markets. RPM’s industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Industrial brands include Stonhard, Tremco, illbruck, Carboline, Day-Glo, Euco and Dryvit. RPM’s consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement, automotive and boat

repair and maintenance, and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane, Bondo and Testors.

For more information, contact P. Kelly Tompkins, Executive Vice President and Chief Administrative Officer at 330-273-5090 or ktompkins@rpminc.com.

# # #

This press release contains “forward-looking statements” relating to the business of the company. These forward-looking statements, or other statements made by the company, are made based on management’s expectations and beliefs concerning future events impacting the company and are subject to uncertainties and factors (including those specified below) which are difficult to predict and, in many instances, are beyond the control of the company. As a result, actual results of the company could differ materially from those expressed in or implied by any such forward-looking statements. These uncertainties and factors include (a) general economic conditions; (b) the price, supply and capacity of raw materials, including assorted resins and solvents; packaging, including plastic containers; and transportation services, including fuel surcharges; (c) continued growth in demand for the company’s products; (d) legal, environmental and litigation risks inherent in the company’s construction and chemicals businesses and risks related to the adequacy of the company’s insurance coverage for such matters; (e) the effect of changes in interest rates; (f) the effect of fluctuations in currency exchange rates upon the company’s foreign operations; (g) the effect of non-currency risks of investing in and conducting operations in foreign countries, including those relating to domestic and international political, social, economic and regulatory factors; (h) risks and uncertainties associated with the company’s ongoing acquisition and divestiture activities; (i) risks related to the adequacy of its contingent liability reserves, including for asbestos-related claims; and other risks detailed in the company’s filings with the Securities and Exchange Commission, including the risk factors set forth in the company’s Annual Report on Form 10-K for the year ended May 31, 2006, as the same may be updated from time to time. RPM does 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 of this release.

CONSOLIDATED STATEMENTS OF INCOME
IN THOUSANDS, EXCEPT PER SHARE DATA

	AS REPORTED											ADJUSTED (a)
	Year Ended						Three Months Ended					Year Ended				Three Months Ended
	May 31,						May 31,					May 31,				May 31,
	2007			2006			2007		2006			2007		2006		2007		2006
							(Unaudited)					(Unaudited)
Net Sales	$	3,338,764		$	3,008,338		$	1,005,723	$	909,161		$	3,338,764	$	3,008,338	$	1,005,723	$	909,161
Cost of sales		1,978,312			1,760,973			579,900		518,479			1,978,312		1,760,973		579,900		518,479
Gross profit		1,360,452			1,247,365			425,823		390,682			1,360,452		1,247,365		425,823		390,682
Selling, general & administrative expenses		1,020,884			948,497			292,620		265,207			1,020,884		948,497		292,620		265,207
Asbestos (income)/charges		(15,000	)		380,000					335,000
Interest expense, net		47,033			41,343			11,369		12,952			47,033		41,343		11,369		12,952
Income (loss) before income taxes		307,535			(122,475	)		121,834		(222,477	)		292,535		257,525		121,834		112,523
Provision (benefit) for income taxes		99,246			(46,270	)		37,880		(80,471	)		93,961		89,406		37,880		38,945
Net Income (Loss)	$	208,289		$	(76,205	)	$	83,954	$	(142,006	)	$	198,574	$	168,119	$	83,954	$	73,578
Basic earnings (loss) per share of common stock	$	1.76		$	(0.65	)	$	0.70	$	(1.21	)	$	1.68	$	1.44	$	0.70	$	0.63
Diluted earnings (loss) per share of common stock	$	1.64		$	(0.65	)	$	0.65	$	(1.21	)	$	1.57	$	1.35	$	0.65	$	0.58
Average shares of common stock outstanding — basic		118,179			116,837			119,167		117,213			118,179		116,837		119,167		117,213
Average shares of common stock outstanding — diluted		128,711			116,837			129,564		117,213			128,711		127,676		129,564		128,103

(a) Adjusted figures presented remove the impact of the asbestos (income) received during the fiscal year ended May 31, 2007 and the asbestos charges taken during the quarter and year ended May 31, 2006.

SUPPLEMENTAL SEGMENT INFORMATION
IN THOUSANDS

	AS REPORTED												ADJUSTED (a)
	Year Ended						Three Months Ended						Year Ended						Three Months Ended
	May 31,						May 31,						May 31,						May 31,
	2007			2006			2007			2006			2007			2006			2007			2006
							(Unaudited)						(Unaudited)
Net Sales:
Industrial Segment	$	2,100,386		$	1,811,590		$	600,908		$	536,868		$	2,100,386		$	1,811,590		$	600,908		$	536,868
Consumer Segment		1,238,378			1,196,748			404,815			372,293			1,238,378			1,196,748			404,815			372,293
Total	$	3,338,764		$	3,008,338		$	1,005,723		$	909,161		$	3,338,764		$	3,008,338		$	1,005,723		$	909,161
Income (Loss) Before Income Taxes (b):
Industrial Segment Income Before Income Taxes (b)	$	233,120		$	201,230		$	76,989		$	67,764		$	233,120		$	201,230		$	76,989		$	67,764
Interest (Expense), Net		(1,937	)		(1,711	)		(1,661	)		(1,108	)		(1,937	)		(1,711	)		(1,661	)		(1,108	)
EBIT (c)	$	235,057		$	202,941		$	78,650		$	68,872		$	235,057		$	202,941		$	78,650		$	68,872
Consumer Segment Income Before Income Taxes (b)	$	151,496		$	159,147		$	67,615		$	72,121		$	151,496		$	159,147		$	67,615		$	72,121
Interest (Expense), Net		(2,895	)		(142	)		(624	)		(173	)		(2,895	)		(142	)		(624	)		(173	)
EBIT (c)	$	154,391		$	159,289		$	68,239		$	72,294		$	154,391		$	159,289		$	68,239		$	72,294
Corporate/Other (Expense) Before Income Taxes (b)	$	(77,081	)	$	(482,852	)	$	(22,770	)	$	(362,362	)	$	(92,081	)	$	(102,852	)	$	(22,770	)	$	(27,362	)
Interest (Expense), Net		(42,201	)		(39,490	)		(9,084	)		(11,671	)		(42,201	)		(39,490	)		(9,084	)		(11,671	)
EBIT (c)	$	(34,880	)	$	(443,362	)	$	(13,686	)	$	(350,691	)	$	(49,880	)	$	(63,362	)	$	(13,686	)	$	(15,691	)
Consolidated
Income (Loss) Before Income Taxes (b)	$	307,535		$	(122,475	)	$	121,834		$	(222,477	)	$	292,535		$	257,525		$	121,834		$	112,523
Interest (Expense), Net		(47,033	)		(41,343	)		(11,369	)		(12,952	)		(47,033	)		(41,343	)		(11,369	)		(12,952	)
EBIT (c)	$	354,568		$	(81,132	)	$	133,203		$	(209,525	)	$	339,568		$	298,868		$	133,203		$	125,475

(a)	Adjusted figures presented remove the impact of the asbestos (income) received during the fiscal year ended May 31, 2007 and the asbestos charges taken during the quarter and year ended May 31, 2006.
(b)	The presentation includes a reconciliation of Income (Loss) Before Income Taxes, a measure defined by Generally Accepted Accounting Principles (GAAP) in the United States, to EBIT.
(c)	EBIT is defined as earnings (loss) before interest and taxes. We evaluate the profit performance of our segments based on income before income taxes, but also look to EBIT as a performance evaluation measure because interest expense is essentially related to corporate acquisitions, as opposed to segment operations. We believe EBIT is useful to investors for this purpose as well, using EBIT as a metric in their investment decisions. EBIT should not be considered an alternative to, or more meaningful than, operating income as determined in accordance with GAAP, since EBIT omits the impact of interest and taxes in determining operating performance, which represent items necessary to our continued operations, given our level of indebtedness and ongoing tax obligations. Nonetheless, EBIT is a key measure expected by and useful to our fixed income investors, rating agencies and the banking community all of whom believe, and we concur, that this measure is critical to the capital markets’ analysis of our segments’ core operating performance. We also evaluate EBIT because it is clear that movements in EBIT impact our ability to attract financing. Our underwriters and bankers consistently require inclusion of this measure in offering memoranda in conjunction with any debt underwriting or bank financing. EBIT may not be indicative of our historical operating results, nor is it meant to be predictive of potential future results.

CONSOLIDATED BALANCE SHEETS
IN THOUSANDS

	May 31, 2007			May 31, 2006
Assets
Current Assets
Cash and short-term investments	$	159,016		$	108,616
Trade accounts receivable		763,426			671,197
Allowance for doubtful accounts		(19,167	)		(20,252	)
Net trade accounts receivable		744,259			650,945
Inventories		437,759			399,014
Deferred income taxes		39,276			48,885
Prepaid expenses and other current assets		189,939			163,768
Total current assets		1,570,249			1,371,228
Property, Plant and Equipment, at Cost		963,200			887,276
Allowance for depreciation and amortization		(489,904	)		(442,584	)
Property, plant and equipment, net		473,296			444,692
Other Assets
Goodwill		830,177			750,635
Other intangible assets, net of amortization		351,435			321,942
Other		107,992			107,567
Total other assets		1,289,604			1,180,144
Total Assets	$	3,333,149		$	2,996,064
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$	385,003		$	333,684
Current portion of long-term debt		101,641			6,141
Accrued compensation and benefits		132,555			136,384
Accrued loss reserves		73,178			66,678
Asbestos-related liabilities		53,000			58,925
Other accrued liabilities		119,363			113,698
Total current liabilities		864,740			715,510
Long-Term Liabilities
Long-term debt, less current maturities		886,416			870,415
Asbestos-related liabilities		301,268			362,360
Other long-term liabilities		175,958			108,002
Deferred income taxes		17,897			13,836
Total long-term liabilities		1,381,539			1,354,613
Total liabilities		2,246,279			2,070,123
Stockholders’ Equity
Preferred stock; none issued
Common stock (outstanding 120,906; 118,743)		1,209			1,187
Paid-in capital		584,845			545,422
Treasury stock, at cost
Accumulated other comprehensive income		25,140			29,839
Retained earnings		475,676			349,493
Total stockholders’ equity		1,086,870			925,941
Total Liabilities and Stockholders’ Equity	$	3,333,149		$	2,996,064

CONSOLIDATED STATEMENTS OF CASH FLOWS
IN THOUSANDS

	Year Ended May 31,
	2007			2006
Cash Flows From Operating Activities
Net income (loss)	$	208,289		$	(76,205	)
Depreciation and amortization		81,607			74,299
Items not affecting cash and other		25,303			6,634
Changes in operating working capital		(58,329	)		(25,905	)
Changes in asbestos-related liabilities, net of tax		(42,940	)		206,666
		213,930			185,489
Cash Flows From Investing Activities
Capital expenditures		(70,393	)		(61,155	)
Acquisition of businesses, net of cash acquired		(124,154	)		(174,625	)
Purchases of marketable securities		(96,695	)		(59,416	)
Proceeds from the sale of marketable securities		78,530			50,105
Proceeds from the sale of assets		1,516			9,282
Other		2,945			1,428
		(208,251	)		(234,381	)
Cash Flows From Financing Activities
Additions to long-term and short-term debt		153,516			186,772
Reductions of long-term and short-term debt		(53,560	)		(152,862	)
Cash dividends		(82,106	)		(74,427	)
Exercise of stock options, including tax benefit		27,382			10,636
		45,232			(29,881	)
Effect of Exchange Rate Changes on Cash and Short-Term Investments		(511	)		3,249
Increase (Decrease) in Cash and Short-Term Investments	$	50,400		$	(75,524	)