SEC Document


CONSOLIDATED STATEMENTS OF INCOME    

IN THOUSANDS, EXCEPT PER SHARE DATA    

 

     Three Months Ended     Year Ended  
     May 31,     May 31,     May 31,     May 31,  
     2017     2016     2017     2016  
     (Unaudited)        

Net Sales

   $ 1,492,846     $ 1,426,584     $ 4,958,175     $ 4,813,649  

Cost of sales

     829,454       779,390       2,792,487       2,726,601  
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

     663,392       647,194       2,165,688       2,087,048  

Selling, general & administrative expenses

     453,909       424,616       1,643,520       1,520,977  

Goodwill and other intangible asset impairments

         193,198    

Interest expense

     27,502       23,605       96,954       91,683  

Investment (income), net

     (4,103     (2,288     (13,984     (10,365

Other expense, net

     366       2,163       1,667       1,287  
  

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

     185,718       199,098       244,333       483,466  

Provision for income taxes

     56,869       45,444       59,662       126,008  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income

     128,849       153,654       184,671       357,458  

Less: Net income attributable to noncontrolling interests

     797       759       2,848       2,733  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to RPM International Inc. Stockholders

   $ 128,052     $ 152,895     $ 181,823     $ 354,725  
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per share of common stock attributable to RPM International Inc. Stockholders:

        

Basic

   $ 0.96     $ 1.16     $ 1.37     $ 2.70  
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

   $ 0.94     $ 1.13     $ 1.36     $ 2.63  
  

 

 

   

 

 

   

 

 

   

 

 

 

Average shares of common stock outstanding - basic

     130,676       129,017       130,662       129,383  
  

 

 

   

 

 

   

 

 

   

 

 

 

Average shares of common stock outstanding - diluted

     135,162       136,408       135,165       136,716  
  

 

 

   

 

 

   

 

 

   

 

 

 

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