SEC Document

 

RPM INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

(In thousands, except per share amounts)

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net Sales

 

$

1,315,416

 

 

$

1,190,770

 

 

$

2,660,810

 

 

$

2,442,833

 

Cost of Sales

 

 

764,401

 

 

 

669,089

 

 

 

1,537,787

 

 

 

1,369,110

 

Gross Profit

 

 

551,015

 

 

 

521,681

 

 

 

1,123,023

 

 

 

1,073,723

 

Selling, General and Administrative Expenses

 

 

419,599

 

 

 

419,494

 

 

 

814,008

 

 

 

803,579

 

Goodwill and Other Intangible Asset Impairments

 

 

-

 

 

 

188,298

 

 

 

-

 

 

 

188,298

 

Interest Expense

 

 

26,396

 

 

 

22,905

 

 

 

53,169

 

 

 

45,683

 

Investment (Income), Net

 

 

(3,739

)

 

 

(2,416

)

 

 

(8,192

)

 

 

(6,254

)

Other (Income) Expense, Net

 

 

(422

)

 

 

257

 

 

 

(427

)

 

 

799

 

Income (Loss) Before Income Taxes

 

 

109,181

 

 

 

(106,857

)

 

 

264,465

 

 

 

41,618

 

Provision (Benefit) for Income Taxes

 

 

13,323

 

 

 

(36,601

)

 

 

51,704

 

 

 

(1,520

)

Net Income (Loss)

 

 

95,858

 

 

 

(70,256

)

 

 

212,761

 

 

 

43,138

 

Less:  Net Income Attributable to Noncontrolling Interests

 

 

395

 

 

 

670

 

 

 

882

 

 

 

1,295

 

Net Income (Loss) Attributable to RPM International Inc.

   Stockholders

 

$

95,463

 

 

$

(70,926

)

 

$

211,879

 

 

$

41,843

 

Average Number of Shares of Common Stock Outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

131,163

 

 

 

130,695

 

 

 

131,204

 

 

 

130,647

 

Diluted

 

 

135,592

 

 

 

130,695

 

 

 

135,663

 

 

 

130,647

 

Earnings (Loss) per Share of Common Stock Attributable to

   RPM International Inc. Stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.72

 

 

$

(0.54

)

 

$

1.59

 

 

$

0.32

 

Diluted

 

$

0.70

 

 

$

(0.54

)

 

$

1.56

 

 

$

0.32

 

Cash Dividends Declared per Share of Common Stock

 

$

0.320

 

 

$

0.300

 

 

$

0.620

 

 

$

0.575

 

 

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

 

 

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