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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2024
Nov. 30, 2023
Income Statement [Abstract]        
Net Sales $ 1,845,318 $ 1,792,275 $ 3,814,107 $ 3,804,132
Cost of Sales 1,080,774 1,044,047 2,212,890 2,227,287
Gross Profit 764,544 748,228 1,601,217 1,576,845
Selling, General and Administrative Expenses 529,836 523,289 1,055,982 1,054,321
Restructuring Expense 7,557 1,239 14,759 7,737
Interest Expense 23,177 30,348 47,611 62,166
Investment (Income), Net (8,526) (5,289) (19,552) (17,728)
Other (Income) Expense, Net (482) 2,817 (1,016) 5,371
Income Before Income Taxes 212,982 195,824 503,433 464,978
Provision for Income Taxes 29,532 50,009 91,429 117,850
Net Income 183,450 145,815 412,004 347,128
Less: Net Income Attributable to Noncontrolling Interests 246 310 1,108 541
Net Income Attributable to RPM International Inc. Stockholders $ 183,204 $ 145,505 $ 410,896 $ 346,587
Average Number of Shares of Common Stock Outstanding:        
Basic 127,658 127,758 127,675 127,816
Diluted [1] 128,344 128,249 128,392 128,312
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:        
Basic $ 1.43 $ 1.13 $ 3.21 $ 2.70
Diluted $ 1.42 $ 1.13 $ 3.19 $ 2.69
[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 and six months ended November 30, 2024, approximately 300,000 and 230,000 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. For the three and six months ended November 30, 2023, approximately 360,000 and 280,000 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.