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Earnings Per Share (Tables)

9 Months Ended

Feb. 28, 2023

Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share

The following table sets forth the reconciliation of the numerator and denominator of basic and diluted earnings per share ("EPS") for the three- and nine-month periods ended February 28, 2023 and 2022.


	Three Months Ended						Nine Months Ended
	February 28,			February 28,			February 28,			February 28,
(In thousands, except per share amounts)	2023			2022			2023			2022
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders	$	26,974		$	33,019		$	327,331		$	292,476
Less: Allocation of earnings and dividends to participating securities		(274	)		(133	)		(1,593	)		(2,222	)
Net income available to common shareholders - basic		26,700			32,886			325,738			290,254
Reverse: Allocation of earnings and dividends to participating securities		-			133			1,593			2,222
Net income available to common shareholders - diluted	$	26,700		$	33,019		$	327,331		$	292,476
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		127,495			127,943			127,564			128,013
Average diluted options and awards		540			1,759			1,225			1,609
Total shares for diluted earnings per share (1)		128,035			129,702			128,789			129,622
Earnings Per Share of Common Stock Attributable to
RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock	$	0.21		$	0.26		$	2.55		$	2.27
Method used to calculate basic earnings per share	Two-class			Two-class			Two-class			Two-class
Diluted Earnings Per Share of Common Stock	$	0.21		$	0.25		$	2.54		$	2.26
Method used to calculate diluted earnings per share	Two-class			Treasury			Treasury			Treasury

(1) For the three and nine months ended February 28, 2023, approximately 680,000 shares of stock granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the three and nine months ended February 28, 2022, approximately 320,000 and 655,000 shares of stock granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.