RPM INTERNATIONAL INC/DE/

Listed Company

RPMCIK 0000110621NYSELarge AcceleratedPaints, Varnishes, Lacquers, Enamels & Allied ProdsDelawareFY ends May 31

Period

FY 2025

Revenue

$7.37B

Net Income

$688.69M

Total Assets

$7.78B

Equity

$2.89B

Shares Out

127.63M

Op. Cash Flow

$768.19M

Business

RPM INTERNATIONAL INC/DE/ manufactures, markets and sells specialty chemical products for maintenance and improvement across construction, industrial, specialty and consumer markets. Its main offerings include specialty paints and coatings, roofing systems, sealants and adhesives, concrete admixtures and repair products, high-performance flooring, restoration services, consumer DIY products and related application equipment. The company organizes its operations into four reportable segments: Construction Products Group (CPG), Performance Coatings Group (PCG), Consumer Group and Specialty Products Group (SPG). It distributes products globally via direct sales, contractors, distributors, mass merchandisers, home improvement centers, hardware and paint stores, and exports to numerous countries.

Summary from filing dated 2025-07-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Net Sales	7,373	7,335	7,256	6,708	6,106
Cost of Sales	4,322	4,321	4,508	4,275	3,701
Gross Profit	3,050	3,015	2,748	2,433	2,405
Selling, General and Administrative Expenses	2,151	2,114	1,956	1,788	1,664
Restructuring Expense	25	30	15	6	18
Goodwill Impairment	11	0	37	0	0
Interest Expense	97	118	119	88	85
Investment (Income), Net	−24	−45	−10	8	−44
(Gain) on Sales of Assets and Business, Net	0	0	−29	−52	—
Other (Income) Expense, Net	−2	10	10	−12	14
Income Before Income Taxes	793	788	649	607	668
Provision for Income Taxes	102	198	170	114	165
Net Income	690	589	480	492	504
Less: Net Income Attributable to Noncontrolling Interests	2	1	1	985,000	857,000
Net Income Attributable to RPM International Inc. Stockholders	689	588	479	491	503
Basic (shares)	128	128	128	128	128
Diluted (shares)	128	128	129	130	129
Basic (per share)	5.38	4.58	3.74	3.81	3.89
Diluted (per share)	5.35	4.56	3.72	3.79	3.87

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Cash and cash equivalents	302	237	216	202	247
Trade accounts receivable (less allowances of $42,844 and $48,763, respectively)	1,509	1,419	1,503	1,433	1,281
Inventories	1,036	956	1,135	1,213	938
Prepaid expenses and other current assets	323	282	330	305	316
Total current assets	3,170	2,895	3,184	3,152	2,782
Property, Plant and Equipment, at Cost	2,738	2,516	2,333	2,133	1,967
Allowance for depreciation	−1,265	−1,185	−1,093	−1,029	−1,002
Property, plant and equipment, net	1,473	1,331	1,239	1,104	965
Goodwill	1,618	1,309	1,294	1,338	1,346
Other intangible assets, net of amortization	781	513	555	592	629
Operating lease right-of-use assets	370	332	330	308	301
Deferred income taxes	147	34	15	19	27
Other	216	173	165	195	204
Total other assets	3,132	2,360	2,358	2,452	2,506
Total Assets	7,776	6,587	6,782	6,708	6,253
Accounts payable	756	650	681	800	717
Current portion of long-term debt	8	136	179	603	1
Accrued compensation and benefits	287	297	257	262	258
Accrued losses	37	33	26	25	29
Other accrued liabilities	380	350	347	326	326
Total current liabilities	1,467	1,466	1,491	2,016	1,331
Long-term debt, less current maturities	2,639	1,991	2,505	2,083	2,379
Operating lease liabilities	317	281	286	265	257
Other long-term liabilities	241	215	267	277	436
Deferred income taxes	224	121	90	82	106
Total long-term liabilities	3,422	2,608	3,148	2,707	3,179
Contingencies and Accrued Losses (Note P)	—	—	—	—	—
Preferred stock, par value $0.01; authorized 50,000 shares; none issued	—	—	—	—	—
Common stock, par value $0.01; authorized 300,000 shares; issued 146,246 and outstanding 128,269 as of May 2025; issued 145,779 and outstanding 128,629 as of May 2024	1	1	1	1	1
Paid-in capital	1,178	1,151	1,125	1,096	1,055
Treasury stock, at cost	−954	−865	−784	−717	−653
Accumulated other comprehensive (loss)	−534	−537	−605	−537	−515
Retained earnings	3,194	2,761	2,404	2,139	1,852
Total RPM International Inc. stockholders' equity	2,885	2,511	2,141	1,982	1,741
Noncontrolling Interest	1	1	2	1	2
Total equity	2,887	2,512	2,143	1,984	1,743
Total Liabilities and Stockholders' Equity	7,776	6,587	6,782	6,708	6,253

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Depreciation and amortization	194	171	155	153	147
Deferred income taxes	−105	−6	6	−25	20
Stock-based compensation expense	27	26	29	40	41
Net (gain) loss on marketable securities	−5	−20	2	18	−39
Net (gain) on sales of assets and businesses	0	−971,000	−29	−52	—
Other	1	2	2	−66,000	−2
(Increase) decrease in receivables	−55	83	−95	−187	−89
(Increase) decrease in inventory	−34	180	67	−304	−69
(Increase) decrease in prepaid expenses and other current and long-term assets	−63	23	1	−13	−11
Increase (decrease) in accounts payable	84	−24	−116	101	151
(Decrease) increase in accrued compensation and benefits	−17	40	−3	10	63
Increase in accrued losses	4	6	2	−4	9
Increase in other accrued liabilities	35	52	39	−51	43
Cash Provided By Operating Activities	768	1,122	577	179	766
Capital expenditures	−230	−214	−254	−222	−157
Acquisition of businesses, net of cash acquired	−596	−16	−48	−127	−165
Purchase of marketable securities	−86	−33	−19	−15	−122
Proceeds from sales of marketable securities	87	47	13	22	112
Proceeds from sales of assets and businesses	0	7	58	77	—
Other	−1	2	−72,000	7	5
Cash (Used For) Investing Activities	−826	−206	−250	−260	−326
Additions to long-term and short-term debt	478	0	342	438	—
Reductions of long-term and short-term debt	−9	−575	−355	−102	−188
Cash dividends	−256	−232	−214	−204	−195
Repurchase of common stock	−70	−55	−50	−53	−50
Shares of common stock returned for taxes	−19	−25	−17	−12	−23
Payments of acquisition-related contingent consideration	−1	−1	−4	−6	−2
Other	−2	−2	−3	−4	−2
Cash Provided By (Used For) Financing Activities	122	−890	−301	57	−460
Effect of Exchange Rate Changes on Cash and Cash Equivalents	165,000	−4	−12	−22	33
Net Change in Cash and Cash Equivalents	65	22	14	−45	13
Interest	93	117	114	82	82
Income taxes, net of refunds	204	204	134	172	147
Capital expenditures accrued within accounts payable at year-end	25	25	34	27	30

Filings

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