Record fourth-quarter sales of $2.23 billion increased 7.2% compared to the prior year

Fourth-quarter net income of $221.2 million, diluted EPS of $1.73, and record EBIT of $308.0 million

Record fourth-quarter adjusted diluted EPS of $1.89 increased 9.9% compared to the prior year, and record adjusted EBIT of $338.6 million increased 7.7% compared to the prior year

Record fiscal 2026 sales of $7.86 billion increased 6.7% compared to the prior-year record

Fiscal 2026 net income of $661.4 million, diluted EPS of $5.17 and record EBIT of $935.0 million

Record fiscal 2026 adjusted diluted EPS of $5.53 increased 4.3% over the prior year; record adjusted EBIT of $1.02 billion increased 4.4% over the prior year

Fiscal 2027 first-quarter outlook calls for sales and adjusted EBITDA growth in the mid-single-digit range

Fiscal 2027 full-year outlook calls for sales to increase 3% to 7% and adjusted EBITDA to increase 5% to 10%

Board of Directors authorizes $700 million increase to share repurchase program

Investor day to take place November 9, 2026, to update strategic priorities and outline next operating improvement plan

Net Sales

Net Income Attributable to RPM Stockholders

Diluted Earnings Per Share (EPS)

Income Before Income Taxes (IBT)

Earnings Before Interest and Taxes (EBIT)

Adjusted EBIT⁽¹⁾

Adjusted Diluted EPS⁽¹⁾

Excludes certain items that are not indicative of RPM’s ongoing operations. See tables below titled Supplemental Segment Information and Reconciliation of Reported to Adjusted Amounts for details.

Net Sales

Income Before Income Taxes

EBIT

Adjusted EBIT⁽¹⁾

Excludes certain items that are not indicative of RPM’s ongoing operations. See table below titled Supplemental Segment Information for details.

Net Sales

Income Before Income Taxes

EBIT

Adjusted EBIT⁽¹⁾

Excludes certain items that are not indicative of RPM’s ongoing operations. See table below titled Supplemental Segment Information for details.

Net Sales

Income Before Income Taxes

EBIT

Adjusted EBIT⁽¹⁾

Excludes certain items that are not indicative of RPM’s ongoing operations. See table below titled Supplemental Segment Information for details.

Net Sales

Net Income Attributable to RPM Stockholders

Diluted Earnings Per Share (EPS)

Income Before Income Taxes (IBT)

Earnings Before Interest and Taxes (EBIT)

Adjusted EBIT⁽¹⁾

Adjusted Diluted EPS⁽¹⁾

Excludes certain items that are not indicative of RPM’s ongoing operations. See tables below titled Supplemental Segment Information and Reconciliation of Reported to Adjusted Amounts for details.

Cash provided by operating activities was $898.7 million, the second-highest amount in the company’s history, compared to $768.2 million in the prior-year period.

Capital expenditures were $223.5 million compared to $229.9 million in the prior-year period.

Cash used to acquire businesses was $202.4 million.

The company returned $349.2 million to stockholders through cash dividends and share repurchases, an increase of 7.3% compared to the prior year.

Total debt was $2.53 billion compared to $2.65 billion a year ago, with the decrease driven by a portion of strong operating cash flow being used to reduce debt.

Total liquidity, including cash and committed revolving credit facilities, was $1.09 billion, compared to $969.1 million a year ago.

Consolidated sales to increase in the mid-single-digit range compared to prior-year record results.

CPG sales to increase in the mid-single-digit range compared to prior-year record results.

PCG sales to increase in the mid-single-digit range compared to prior-year record results.

Consumer Group sales to increase in the mid-single-digit range compared to prior-year record results.

Consolidated adjusted EBITDA to increase in the mid-single-digit range compared to prior-year record results.

Consolidated sales to increase 3% to 7% compared to prior-year record results.

Consolidated adjusted EBITDA to increase 5% to 10% compared to prior-year record results.

Net Sales

Cost of Sales

Gross Profit

Selling, General & Administrative Expenses

Restructuring Expense

Goodwill Impairment

Interest Expense

Investment (Income), Net

Other (Income), Net

Income Before Income Taxes

Provision for Income Taxes

Net Income

Less: Net Income Attributable to Noncontrolling Interests

Net Income Attributable to RPM International Inc. Stockholders

Earnings per share of common stock attributable to RPM International Inc. Stockholders:

Basic

Diluted

Average shares of common stock outstanding - basic

Average shares of common stock outstanding - diluted

Net Sales:

CPG Segment

PCG Segment

Consumer Segment

Total

Income Before Income Taxes:

CPG Segment

Income Before Income Taxes (a)

Interest (Expense), Net (b)

EBIT (c)

MAP initiatives (d)

Inventory step-up costs (e)

(Gain) on sale of assets and businesses, net (f)

Adjusted EBIT

PCG Segment

Income Before Income Taxes (a)

Interest Income, Net (b)

EBIT (c)

MAP initiatives (d)

Inventory step-up costs (e)

(Gain) on sale of assets and businesses, net (f)

(Gain) on acquisition earn-out fair value adjustment (g)

Legal contingency adjustment on a divested business (h)

Environmental expense for a closed facility (j)

Adjusted EBIT

Consumer Segment

Income Before Income Taxes (a)

Interest (Expense), Net (b)

EBIT (c)

MAP initiatives (d)

Inventory step-up costs (e)

(Gain) on acquisition earn-out fair value adjustment (g)

Goodwill and intangible asset impairments (i)

Property, plant and equipment impairment (k)

Adjusted EBIT

Corporate/Other

(Loss) Before Income Taxes (a)

Interest (Expense), Net (b)

EBIT (c)

MAP initiatives (d)

Adjusted EBIT

TOTAL CONSOLIDATED

Income Before Income Taxes (a)

Interest (Expense)

Investment Income, Net

EBIT (c)

MAP initiatives (d)

Inventory step-up costs (e)

(Gain) on sale of assets and businesses, net (f)

(Gain) on acquisition earn-out fair value adjustments (g)

Legal contingency adjustment on a divested business (h)

Goodwill and intangible asset impairments (i)

Environmental expense for a closed facility (j)

Property, plant and equipment impairment (k)

Adjusted EBIT

The presentation includes a reconciliation of Income (Loss) Before Income Taxes, a measure defined by Generally Accepted Accounting Principles in the United States (GAAP), to EBIT and Adjusted EBIT.

Interest Income (Expense), Net includes the combination of Interest Income (Expense) and Investment Income (Expense), Net.

EBIT is defined as earnings (loss) before interest and taxes, with Adjusted EBIT provided for the purpose of adjusting for items impacting earnings that are not considered by management to be indicative of ongoing operations. We evaluate the profit performance of our segments based on income before income taxes, but also look to EBIT, or adjusted EBIT, as a performance evaluation measure because Interest Income (Expense), Net is essentially related to corporate functions, as opposed to segment operations. For that reason, we believe EBIT is also useful to investors as a metric in their investment decisions. EBIT should not be considered an alternative to, or more meaningful than, income before income taxes as determined in accordance with GAAP, since EBIT omits the impact of interest and investment income or expense in determining operating performance, which represent items necessary to our continued operations, given our level of indebtedness. Nonetheless, EBIT is a key measure expected by and useful to our fixed income investors, rating agencies and the banking community all of whom believe, and we concur, that this measure is critical to the capital markets’ analysis of our segments’ core operating performance. We also evaluate EBIT because it is clear that movements in EBIT impact our ability to attract financing. Our underwriters and bankers consistently require inclusion of this measure in offering memoranda in conjunction with any debt underwriting or bank financing. EBIT may not be indicative of our historical operating results, nor is it meant to be predictive of potential future results.

Reflects restructuring and other charges, which have been incurred in relation to our Margin Achievement Plan (“MAP 2025”) and our 2026 restructuring action, together MAP Initiatives, as follows:

MAP 2025 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures recorded in “Restructuring Expense” on the Consolidated Statements of Income. Restructuring Expense related to MAP 2025 totaled $1.9 million and $6.8 million for the quarters ended May 31, 2026 and May 31, 2025 respectively and $18.2 million and $25.0 million for the years ended May 31, 2026 and May 31, 2025, respectively. Other related expenses include inventory write-offs in connection with restructuring activities recorded in “Cost of Sales” and accelerated depreciation and amortization recorded within “Cost of Sales” or “Selling, General, & Administrative Expenses (“SG&A”)” depending on the nature of the expense.

2026 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures associated with the SG&A-focused optimization actions and other early stage MAP 3.0 actions recorded in “Restructuring Expense” on the Consolidated Statements of Income. Restructuring Expense related to the 2026 restructuring action totaled $7.5 million for the quarter ended May 31, 2026 and $24.4 million for the year ended May 31, 2026. Other related expenses consist of higher executive departure costs, including accelerated stock compensation expense, that do not qualify as restructuring expense and are recorded within “SG&A” as well as accelerated depreciation recorded within “Cost of Sales” or “Selling, General, & Administrative Expenses depending on the nature of the expense. Other related expenses also includes inventory write-offs in connection with restructuring activities recorded in “Cost of Sales”.

ERP consolidation plan: Includes expenses incurred as a result of our stated goals to consolidate over 75 ERP systems across the organization to one ERP platform per segment, as part of our overall MAP strategy as well as costs incurred for other decision support tools to facilitate our commercial initiatives related to MAP 2025 which have been incurred in all segments, as well as Corporate/Other, and have been recorded within “SG&A”.

Professional fees: Includes expenses incurred to consolidate accounting locations, costs incurred to implement technologies and processes to drive improved data analytics/decision making and cost incurred to implement new global manufacturing methodologies with the goal of improving operating efficiency incurred within all of our segments as well as Corporate/Other and recorded within “SG&A”.All of this spend is in support of stated MAP goals with the most significant expense incurred within Corporate/Other.

(Gain) on sale of closed facilities, net: Net gain recognized related to the sale of certain properties within the PCG and Consumer Segments which were closed as part of the MAP 2025 program.

MAP 2025 Restructuring and other related expense, net

2026 Restructuring and other related expense, net

ERP consolidation plan

Professional fees

(Gain) on sale of closed facilities, net

MAP initiatives

Amortization of inventory fair value adjustments related to acquisitions recorded in “Cost of Sales”.

Fiscal 2026 reflects gains recorded in “SG&A” associated with the divestiture of a product line and a waterproofing services business within our CPG segment. Fiscal 2025 reflects gains recorded in “SG&A” associated with post-closing adjustments for the sale of the non-core furniture warranty business which was sold in fiscal 2023.

Fair value adjustments of the earn-out liabilities associated with the Star Brands Group acquisition, as well as one other smaller acquisition, which were recorded in “SG&A”. Management does not consider these gains to be reflective of the company’s core business operations.

Represents incremental expense recorded in fiscal year 2025 related to an adverse legal ruling from a case associated with a business that was divested in fiscal year 2023.

Fiscal year 2025 expense reflects $11.4 million of goodwill impairment recorded in “Goodwill Impairment” and $1.7 million of intangible asset impairment recorded in “SG&A”. Both charges are related to the Color Group reporting unit in our Consumer Segment due to the weaker demand in OEM markets and underperformance in our growth initiatives associated with this reporting unit.

Environmental remediation costs related to a facility that has not been owned or operated for approximately 25 years.

Impairment charges related to property, plant and equipment in two asset groups within the Color Group reporting unit of our Consumer segment as a result of reduced cash flow projections in the coming years due to soft end markets.

Reconciliation of Reported Earnings per Diluted Share to Adjusted

Earnings per Diluted Share (All amounts presented after-tax):

Reported Earnings per Diluted Share

MAP initiatives (d)

Inventory step-up costs (e)

(Gain) on acquisition earn-out fair value adjustments (f)

Legal contingency adjustment on a divested business (g)

Goodwill and intangible asset impairments (h)

Environmental expense for a closed facility (i)

Property, plant and equipment impairment (j)

Investment returns (k)

Income tax adjustments (l)

Adjusted Earnings per Diluted Share (m)

Reflects restructuring and other charges, which have been incurred in relation to our Margin Achievement Plan (“MAP 2025”) and our 2026 restructuring action, together MAP Initiatives, as follows:

MAP 2025 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures recorded in “Restructuring Expense” on the Consolidated Statements of Income. Restructuring Expense related to MAP 2025 totaled $1.9 million and $6.8 million for the quarters ended May 31, 2026 and May 31, 2025 respectively and $18.2 million and $25.0 million for the years ended May 31, 2026 and May 31, 2025, respectively. Other related expenses include inventory write-offs in connection with restructuring activities recorded in “Cost of Sales” and accelerated depreciation and amortization recorded within “Cost of Sales” or “Selling, General, & Administrative Expenses (“SG&A”)” depending on the nature of the expense.

2026 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures associated with the SG&A-focused optimization actions and other early stage MAP 3.0 actions recorded in “Restructuring Expense” on the Consolidated Statements of Income. Restructuring Expense related to the 2026 restructuring action totaled $7.5 million for the quarter ended May 31, 2026 and $24.4 million for the year ended May 31, 2026. Other related expenses consist of higher executive departure costs, including accelerated stock compensation expense, that do not qualify as restructuring expense and are recorded within “SG&A” as well as accelerated depreciation recorded within “Cost of Sales” or “Selling, General, & Administrative Expenses depending on the nature of the expense. Other related expenses also includes inventory write-offs in connection with restructuring activities recorded in “Cost of Sales”.

ERP consolidation plan: Includes expenses incurred as a result of our stated goals to consolidate over 75 ERP systems across the organization to one ERP platform per segment, as part of our overall MAP strategy as well as costs incurred for other decision support tools to facilitate our commercial initiatives related to MAP 2025 which have been incurred in all segments, as well as Corporate/Other, and have been recorded within “SG&A”.

Professional fees: Includes expenses incurred to consolidate accounting locations, costs incurred to implement technologies and processes to drive improved data analytics/decision making and cost incurred to implement new global manufacturing methodologies with the goal of improving operating efficiency incurred within all of our segments as well as Corporate/Other and recorded within “SG&A”.All of this spend is in support of stated MAP goals with the most significant expense incurred within Corporate/Other.

(Gain) on sale of closed facilities, net: Net gain recognized related to the sale of certain properties within the PCG and Consumer Segments which were closed as part of the MAP 2025 program.

Amortization of inventory fair value adjustments related to acquisitions recorded in “Cost of Sales”.

Fair value adjustments of the earn-out liabilities associated with the Star Brands Group acquisition, as well as one other smaller acquisition, which were recorded in “SG&A”. Management does not consider these gains to be reflective of the company’s core business operations.

Represents incremental expense recorded in fiscal year 2025 related to an adverse legal ruling from a case associated with a business that was divested in fiscal year 2023.

Fiscal year 2025 expense reflects $11.4 million of goodwill impairment recorded in “Goodwill Impairment” and $1.7 million of intangible asset impairment recorded in “SG&A”. Both charges are related to the Color Group reporting unit in our Consumer Segment due to the weaker demand in OEM markets and underperformance in our growth initiatives associated with this reporting unit.

Environmental remediation costs related to a facility that has not been owned or operated for approximately 25 years.

Impairment charges related to property, plant and equipment in two asset groups within the Color Group reporting unit of our Consumer segment as a result of reduced cash flow projections in the coming years due to soft end markets.

Investment returns include realized net gains and losses on sales of investments and unrealized net gains and losses on equity securities, which are adjusted due to their inherent volatility. Management does not consider these gains and losses, which cannot be predicted with any level of certainty, to be reflective of the Company’s core business operations.

The adjustment for the three-month period and year ended May 31, 2025, includes incremental benefits of the U.S. deduction for foreign derived intangible income and the foreign tax rate differential associated with certain global capital structure initiatives completed during the period. Additionally, the fiscal 2025 year-to-date adjustment includes adjustments to U.S. foreign tax credits recognized because of global cash redeployment and debt optimization projects, as well as other adjustments to our net deferred tax asset related to U.S. foreign tax credit carryforwards resulting from our reassessment of income tax positions following developments in U.S. income tax case law.

Adjusted Diluted EPS is provided for the purpose of adjusting diluted earnings per share for items impacting earnings that are not considered by management to be indicative of ongoing operations.

Assets

Current Assets

Cash and cash equivalents

Trade accounts receivable

Allowance for doubtful accounts

Net trade accounts receivable

Inventories

Prepaid expenses and other current assets

Total current assets

Property, Plant and Equipment, at Cost

Allowance for depreciation

Property, plant and equipment, net

Other Assets

Goodwill

Other intangible assets, net of amortization

Operating lease right-of-use assets

Deferred income taxes

Other

Total other assets

Total Assets

Liabilities and Stockholders’ Equity

Current Liabilities

Accounts payable

Current portion of long-term debt

Accrued compensation and benefits

Accrued losses

Other accrued liabilities

Total current liabilities

Long-Term Liabilities

Long-term debt, less current maturities

Operating lease liabilities

Other long-term liabilities

Deferred income taxes

Total long-term liabilities

Total liabilities

Stockholders’ Equity

Preferred stock; none issued

Common stock (outstanding 127,643; 128,269)

Paid-in capital

Treasury stock, at cost

Accumulated other comprehensive (loss)

Retained earnings

Total RPM International Inc. stockholders’ equity

Noncontrolling interest

Total equity

Total Liabilities and Stockholders’ Equity

Cash Flows From Operating Activities:

Net income

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

Fair value adjustments to contingent earnout obligations

Property, plant and equipment impairment

Goodwill impairment

Deferred income taxes

Stock-based compensation expense

Net (gain) on marketable securities

Net (gain) on sales of assets and businesses

Other

Changes in assets and liabilities, net of effect from purchases and sales of businesses:

(Increase) in receivables

Decrease (increase) in inventory

(Increase) in prepaid expenses and other current and long-term assets

Increase in accounts payable

Increase (decrease) in accrued compensation and benefits

Increase in accrued losses

Increase in other accrued liabilities

Cash Provided By Operating Activities

Cash Flows From Investing Activities:

Capital expenditures

Acquisition of businesses, net of cash acquired

Purchase of marketable securities

Proceeds from sales of marketable securities

Proceeds from sales of assets and businesses

Other

Cash (Used For) Investing Activities

Cash Flows From Financing Activities:

Additions to long-term and short-term debt

Reductions of long-term and short-term debt

Cash dividends

Repurchases of common stock

Shares of common stock returned for taxes

Payment of acquisition-related contingent consideration

Other

Cash (Used For) Provided By Financing Activities

Effect of Exchange Rate Changes on Cash and Cash Equivalents

Net Change in Cash and Cash Equivalents

Cash and Cash Equivalents at Beginning of Period

Cash and Cash Equivalents at End of Period