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Quarterly Information (Unaudited) (Tables)
 12 Months Ended
May 31, 2020
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, 2020 and 2019:

 

 

 

For Quarter Ended

 

(In thousands, except per share amounts)

 

August 31

 

 

November 30

 

 

February 29

 

 

May 31

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

1,472,764

 

 

$

1,401,292

 

 

$

1,173,976

 

 

$

1,458,962

 

Gross Profit

 

$

574,754

 

 

$

529,398

 

 

$

434,747

 

 

$

553,956

 

Net Income Attributable to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RPM International Inc. Stockholders (a)

 

$

106,188

 

 

$

77,030

 

 

$

11,853

 

 

$

109,314

 

Basic Earnings Per Share

 

$

0.82

 

 

$

0.60

 

 

$

0.09

 

 

$

0.85

 

Diluted Earnings Per Share

 

$

0.82

 

 

$

0.59

 

 

$

0.09

 

 

$

0.84

 

Dividends Per Share

 

$

0.350

 

 

$

0.360

 

 

$

0.360

 

 

$

0.360

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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

 

$

549,353

 

 

$

493,731

 

 

$

409,422

 

 

$

635,814

 

Net Income Attributable to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RPM International Inc. Stockholders (b)

 

$

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

 

 

(a)

Reflects inventory-related charges of $28.8 million in our Consumer reportable segment resulting from SKU rationalization, excess and obsolescence, and exiting unprofitable product lines and regions and $3.2 million in our PCG segment resulting from the exit of unprofitable product lines and regions.  Also reflects restructuring charges totaling $33.1 million that were incurred throughout fiscal 2020, as further described in Note B, “Restructuring”.

(b)

Reflects inventory-related charges of $10.5 million in our Consumer reportable segment resulting from more proactive management of inventory and $9.0 million and $1.0 million in inventory reductions related to restructuring activities in our PCG and CPG reportable segments, respectively.  Also reflects restructuring charges totaling $42.3 million that were incurred throughout fiscal 2019, as further described in Note B, “Restructuring”.