v3.25.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
May 31, 2025
May 31, 2024
May 31, 2023
Income Statement [Abstract]      
Net Sales [1] $ 7,372,644 $ 7,335,277 $ 7,256,414
Cost of Sales 4,322,166 4,320,688 4,508,370
Gross Profit 3,050,478 3,014,589 2,748,044
Selling, General and Administrative Expenses 2,150,537 2,113,585 1,956,040
Restructuring Expense 24,979 30,008 15,465
Goodwill Impairment 11,352 0 36,745
Interest Expense 96,543 117,969 119,015
Investment (Income), Net (24,099) (44,974) (9,748)
(Gain) on Sales of Assets and Business, Net 0 0 (28,632)
Other (Income) Expense, Net (1,594) 10,164 9,777
Income Before Income Taxes 792,760 787,837 649,382
Provision for Income Taxes 102,433 198,395 169,651
Net Income 690,327 589,442 479,731
Less: Net Income Attributable to Noncontrolling Interests 1,639 1,045 1,040
Net Income Attributable to RPM International Inc. Stockholders $ 688,688 $ 588,397 $ 478,691
Average Number of Shares of Common Stock Outstanding:      
Basic 127,570 127,767 127,507
Diluted [2] 128,204 128,340 128,816
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:      
Basic $ 5.38 $ 4.58 $ 3.74
Diluted $ 5.35 $ 4.56 $ 3.72
[1] It is not practicable to obtain the information needed to disclose revenues attributable to each of our product lines.
[2] The dilutive effect of performance-based restricted stock units is included when they have met minimum performance thresholds. The dilutive effect of SARs includes all outstanding awards except awards that are considered antidilutive. SARs are antidilutive when the exercise price exceeds the average market price of the Company’s common shares during the periods presented. For the years ended May 31, 2025, 2024 and 2023, approximately 170,000, 260,000 and 750,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.