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Quarterly Information (Unaudited) (Tables)
 12 Months Ended
May 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Result of Operations

The following is a summary of the quarterly results of operations for the years ended May 31, 2019 and 2018:

 

 

 

For Quarter Ended

 

(In thousands, except per share amounts)

 

August 31

 

 

November 30

 

 

February 28

 

 

May 31

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

1,459,989

 

 

$

1,362,531

 

 

$

1,140,630

 

 

$

1,601,401

 

Gross Profit

 

$

594,042

 

 

$

537,969

 

 

$

446,140

 

 

$

683,756

 

Net Income Attributable to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RPM International Inc. Stockholders (a)

 

$

69,764

 

 

$

49,224

 

 

$

14,190

 

 

$

133,380

 

Basic Earnings Per Share

 

$

0.52

 

 

$

0.37

 

 

$

0.11

 

 

$

1.03

 

Diluted Earnings Per Share

 

$

0.52

 

 

$

0.37

 

 

$

0.11

 

 

$

1.02

 

Dividends Per Share

 

$

0.320

 

 

$

0.350

 

 

$

0.350

 

 

$

0.350

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands, except per share amounts)

 

August 31

 

 

November 30

 

 

February 28

 

 

May 31 (b)

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

1,345,394

 

 

$

1,315,416

 

 

$

1,102,677

 

 

$

1,558,156

 

Gross Profit

 

$

572,008

 

 

$

551,015

 

 

$

439,493

 

 

$

618,696

 

Net Income Attributable to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RPM International Inc. Stockholders

 

$

116,416

 

 

$

95,463

 

 

$

40,227

 

 

$

85,664

 

Basic Earnings Per Share

 

$

0.87

 

 

$

0.72

 

 

$

0.30

 

 

$

0.65

 

Diluted Earnings Per Share

 

$

0.86

 

 

$

0.70

 

 

$

0.30

 

 

$

0.63

 

Dividends Per Share

 

$

0.300

 

 

$

0.320

 

 

$

0.320

 

 

$

0.320

 

 

(a)

Reflects inventory-related charges of $10.5 million in our consumer reportable segment resulting from more proactive management of inventory and $10.0 million in inventory reductions related to restructuring activities in our industrial reportable segment.  Reflects restructuring charges totaling $42.3 million that were incurred throughout fiscal 2019, as further described in Note B, “Restructuring.”  

(b)

Reflects inventory-related charges of $36.5 million in our consumer reportable segment for product line rationalization and related obsolete inventory identification and $1.2 million in inventory reductions related to restructuring activities in our industrial reportable segment.  Additional restructuring charges totaling $17.5 million were incurred during the fourth quarter of fiscal 2018, as further described in Note B, “Restructuring.” We also incurred charges in our industrial segment totaling $4.2 million in connection with the decision to exit Flowcrete China.