SEC Document

 

RPM INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

(In thousands, except per share amounts)

 

 

 

Three Months Ended

 

 

 

August 31,

 

 

August 31,

 

 

 

2017

 

 

2016

 

Net Sales

 

$

1,345,394

 

 

$

1,252,063

 

Cost of Sales

 

 

773,386

 

 

 

700,021

 

Gross Profit

 

 

572,008

 

 

 

552,042

 

Selling, General and Administrative Expenses

 

 

394,409

 

 

 

384,085

 

Interest Expense

 

 

26,773

 

 

 

22,778

 

Investment (Income), Net

 

 

(4,453

)

 

 

(3,838

)

Other (Income) Expense, Net

 

 

(5

)

 

 

542

 

Income Before Income Taxes

 

 

155,284

 

 

 

148,475

 

Provision for Income Taxes

 

 

38,381

 

 

 

35,081

 

Net Income

 

 

116,903

 

 

 

113,394

 

Less:  Net Income Attributable to Noncontrolling Interests

 

 

487

 

 

 

625

 

Net Income Attributable to RPM International Inc.

   Stockholders

 

$

116,416

 

 

$

112,769

 

Average Number of Shares of Common Stock Outstanding:

 

 

 

 

 

 

 

 

Basic

 

 

131,236

 

 

 

130,600

 

Diluted

 

 

135,720

 

 

 

135,241

 

Earnings per Share of Common Stock Attributable to

   RPM International Inc. Stockholders:

 

 

 

 

 

 

 

 

Basic

 

$

0.87

 

 

$

0.85

 

Diluted

 

$

0.86

 

 

$

0.83

 

Cash Dividends Declared per Share of Common Stock

 

$

0.300

 

 

$

0.275

 

 

The accompanying notes to consolidated financial statements are an integral part of these statements.

 

 

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