XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Income Statement [Abstract]    
Net Sales $ 1,968,789 $ 2,011,857
Cost of Sales 1,132,116 1,183,240
Gross Profit 836,673 828,617
Selling, General and Administrative Expenses 526,146 531,032
Restructuring Expense 7,202 6,498
Interest Expense 24,434 31,818
Investment (Income), Net (11,026) (12,439)
Other (Income) Expense, Net (534) 2,554
Income Before Income Taxes 290,451 269,154
Provision for Income Taxes 61,897 67,841
Net Income 228,554 201,313
Less: Net Income Attributable to Noncontrolling Interests 862 231
Net Income Attributable to RPM International Inc. Stockholders $ 227,692 $ 201,082
Average Number of Shares of Common Stock Outstanding:    
Basic 127,691 127,633
Diluted [1] 128,420 128,771
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:    
Basic $ 1.78 $ 1.57
Diluted $ 1.77 $ 1.56
[1] The dilutive effect of performance-based restricted stock units is included when they have met minimum performance thresholds. The dilutive effect of SARs includes all outstanding awards except awards that are considered antidilutive. SARs are antidilutive when the exercise price exceeds the average market price of the Company’s common shares during the periods presented. For the three months ended August 31, 2024 and 2023, approximately 180,000 and 1,037,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.