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Earnings Per Share (Tables)

9 Months Ended

Feb. 29, 2024

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 29, 2024 and February 28, 2023.


	Three Months Ended						Nine Months Ended
	February 29,			February 28,			February 29,			February 28,
(In thousands, except per share amounts)	2024			2023			2024			2023
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders	$	61,199		$	26,974		$	407,786		$	327,331
Less: Allocation of earnings and dividends to participating securities		(279	)		(274	)		(1,840	)		(1,593	)
Net income available to common shareholders - basic		60,920			26,700			405,946			325,738
Reverse: Allocation of earnings and dividends to participating securities		-			-			-			1,593
Add: Undistributed earnings reallocated to unvested shareholders		-			-			5			-
Net income available to common shareholders - diluted	$	60,920		$	26,700		$	405,951		$	327,331
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		127,781			127,495			127,803			127,564
Average diluted options and awards		553			540			512			1,225
Total shares for diluted earnings per share (1)		128,334			128,035			128,315			128,789
Earnings Per Share of Common Stock Attributable to
RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock	$	0.48		$	0.21		$	3.18		$	2.55
Method used to calculate basic earnings per share	Two-class			Two-class			Two-class			Two-class
Diluted Earnings Per Share of Common Stock	$	0.47		$	0.21		$	3.16		$	2.54
Method used to calculate diluted earnings per share	Two-class			Two-class			Two-class			Treasury

(1) For the three and nine months ended February 29, 2024, approximately 300,000 and 250,000 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, 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.