SEC Document


Year Ended May 31,    2017        2016        2015      
(In thousands)                         

Net Sales (based on shipping location) (a)

            

United States

   $ 3,269,400        $ 3,155,810        $ 2,856,723      

Foreign

            

Canada

     321,696          310,817          337,869      

Europe

     908,799          928,519          941,820      

Other Foreign

     458,280          418,503          458,138      

Total Foreign

     1,688,775          1,657,839          1,737,827      

Total

   $ 4,958,175        $ 4,813,649        $ 4,594,550      

Long-Lived Assets (b)

            

United States

   $ 1,738,180        $ 1,756,012        $ 1,693,288      

Foreign

            

Canada

     137,211          111,524          114,717      

Europe

     349,979          271,796          293,685      

United Kingdom

     199,415          257,935          273,118      

Other Foreign

     248,435          212,583          202,721      

Total Foreign

     935,040          853,838          884,241      

Total

   $ 2,673,220        $ 2,609,850        $ 2,577,529      

 

(a) It is not practicable to obtain the information needed to disclose revenues attributable to each of our product lines.

 

(b) Long-lived assets include all non-current assets, excluding non-current deferred income taxes.

NOTE P — QUARTERLY INFORMATION (UNAUDITED)

The following is a summary of the quarterly results of operations for the years ended May 31, 2017 and 2016:

 

      For Quarter Ended  
(In thousands, except per share amounts)    August 31      November 30 (a)      February 28      May 31  

2017

           

Net Sales

       $ 1,252,063          $ 1,190,770               $ 1,022,496          $ 1,492,846      

Gross Profit

       $ 552,042          $ 521,681               $ 428,573          $ 663,392      

Net Income Attributable to RPM International Inc. Stockholders

       $ 112,769          $ (70,926)              $ 11,928          $ 128,052      

Basic Earnings Per Share

       $ 0.85          $ (0.54)              $ 0.09          $ 0.96      

Diluted Earnings Per Share

       $ 0.83          $ (0.54)              $ 0.09          $ 0.94      

Dividends Per Share

       $ 0.275          $ 0.300               $ 0.300          $ 0.300      
(In thousands, except per share amounts)   

 

August 31

    

November 30     

     February 29     

 

May 31

 

2016

           

Net Sales

       $ 1,242,526          $ 1,155,984               $ 988,555          $ 1,426,584      

Gross Profit

       $ 532,958          $ 493,934               $ 412,962          $ 647,194      

Net Income Attributable to RPM International Inc. Stockholders

       $ 99,815          $ 83,433               $ 18,582          $ 152,895      

Basic Earnings Per Share

       $ 0.76          $ 0.63               $ 0.14          $ 1.16      

Diluted Earnings Per Share

       $ 0.74          $ 0.62               $ 0.14          $ 1.13      

Dividends Per Share

       $ 0.260          $ 0.275               $ 0.275          $ 0.275      
(a) Reflects the pretax goodwill and intangible asset impairment losses of $188.3 million related to our Kirker reporting unit. Refer to Note B, “Goodwill and Other Intangible Assets,” for further information. Also reflects $12.3 million pretax charge relating to the Flowcrete decision to exit the Middle East.

Quarterly earnings per share may not total to the yearly earnings per share due to the weighted-average number of shares outstanding in each quarter.

 

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RPM International Inc. and Subsidiaries     63


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