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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Nov. 30, 2023
Nov. 30, 2022
Income Statement [Abstract]        
Net Sales $ 1,792,275 $ 1,791,708 $ 3,804,132 $ 3,724,028
Cost of Sales 1,044,047 1,101,317 2,227,287 2,289,166
Gross Profit 748,228 690,391 1,576,845 1,434,862
Selling, General and Administrative Expenses 523,289 490,607 1,054,321 975,812
Restructuring Expense 1,239 1,272 7,737 2,626
Interest Expense 30,348 27,918 62,166 54,629
Investment (Income), Net (5,289) (6,851) (17,728) (3,187)
Other Expense, Net 2,817 2,310 5,371 4,726
Income Before Income Taxes 195,824 175,135 464,978 400,256
Provision for Income Taxes 50,009 43,593 117,850 99,435
Net Income 145,815 131,542 347,128 300,821
Less: Net Income Attributable to Noncontrolling Interests 310 198 541 464
Net Income Attributable to RPM International Inc. Stockholders $ 145,505 $ 131,344 $ 346,587 $ 300,357
Average Number of Shares of Common Stock Outstanding:        
Basic 127,758 127,585 127,816 127,600
Diluted [1] 128,249 128,911 128,312 128,887
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:        
Basic $ 1.13 $ 1.02 $ 2.7 $ 2.34
Diluted $ 1.13 $ 1.02 $ 2.69 $ 2.33
[1] For the three and six months ended November 30, 2023, approximately 360,000 and 280,000 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 six months ended November 30, 2022, approximately 700,000 and 720,000 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.