SEC Document


SUPPLEMENTAL INFORMATION

RECONCILIATION OF “REPORTED” TO “ADJUSTED” AMOUNTS

(Unaudited)

 

     Three Months Ended      Year Ended  
     May 31,
2017
     May 31,
2016
     May 31,
2017
     May 31,
2016
 

Reconciliation of Reported Earnings per Diluted Share to Adjusted Earnings per Diluted Share:

           

Reported Earnings per Diluted Share

   $ 0.94      $ 1.13      $ 1.36      $ 2.63  

Charge to exit Flowcrete Middle East (e)

           0.09     

Severance expense (f)

     0.08           0.08     

Goodwill and intangible impairments (g)

           0.94     

Reversal of Kirker earnout (h)

              (0.06
  

 

 

    

 

 

    

 

 

    

 

 

 

Adjusted Earnings per Diluted Share

   $ 1.02      $ 1.13      $ 2.47      $ 2.57  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(e) Charges related to Flowcrete decision to exit the Middle East.
(f) Reflects severance expense incurred during the fourth quarter of fiscal 2017 pursuant to a plan to reduce future SG&A expense.
(g) Reflects the impact of goodwill and other intangible asset impairment charges of $188.3 million related to our Kirker reporting unit.
(h) Reflects the reversal of contingent obligations for earnout targets that were not met at our Kirker reporting unit.

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