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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 29, 2024
Feb. 28, 2023
Income Statement [Abstract]        
Net Sales $ 1,522,982 $ 1,516,176 $ 5,327,114 $ 5,240,204
Cost of Sales 915,818 978,142 3,143,105 3,267,308
Gross Profit 607,164 538,034 2,184,009 1,972,896
Selling, General and Administrative Expenses 504,760 450,019 1,559,081 1,425,969
Restructuring Expense 6,359 4,154 14,096 6,780
Goodwill Impairment 0 36,745 0 36,745
Interest Expense 28,527 30,756 90,693 85,385
Investment (Income), Net (18,665) (2,723) (36,393) (5,910)
(Gain) on Sales of Assets and Business, Net 0 (25,743) 0 (25,881)
Other Expense, Net 2,602 2,339 7,973 7,065
Income Before Income Taxes 83,581 42,487 548,559 442,743
Provision for Income Taxes 22,103 15,248 139,953 114,683
Net Income 61,478 27,239 408,606 328,060
Less: Net Income Attributable to Noncontrolling Interests 279 265 820 729
Net Income Attributable to RPM International Inc. Stockholders $ 61,199 $ 26,974 $ 407,786 $ 327,331
Average Number of Shares of Common Stock Outstanding:        
Basic 127,781 127,495 127,803 127,564
Diluted [1] 128,334 128,035 128,315 128,789
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:        
Basic $ 0.48 $ 0.21 $ 3.18 $ 2.55
Diluted $ 0.47 $ 0.21 $ 3.16 $ 2.54
[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.