RPM International Files 2024 Annual Report

TL;DR

RPM Intl's 2024 10-K is in. Full financials and biz ops detailed.

AI Summary

RPM International Inc. filed its 2024 10-K report for the fiscal year ending May 31, 2024. The company, based in Medina, Ohio, operates in the paints, varnishes, lacquers, enamels & allied products sector. This filing details its financial performance and business operations over the past year.

Why It Matters

This 10-K filing provides investors and analysts with a comprehensive overview of RPM International's financial health, strategic initiatives, and risk factors for the fiscal year 2024.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not contain immediate red flags or significant new risks.

Key Numbers

• 20240531 — Fiscal Year End (The end date of the reporting period for the 10-K.)
• 001-14187 — SEC File Number (The SEC's file number assigned to RPM International Inc.)

Key Players & Entities

• RPM INTERNATIONAL INC/DE/ (company) — Filer of the 10-K report
• 20240531 (date) — Fiscal year end date
• Medina, OH (location) — Company headquarters location
• 2851 (number) — Standard Industrial Classification code for paints, varnishes, lacquers, enamels & allied products

FAQ

Key Financial Figures

• $0.01 — ch Registered Common Stock, par value $0.01 RPM New York Stock Exchange Secur
• $7.3 billion — May 31, 2024, we recorded net sales of $7.3 billion. Available Information Our Internet
• $2.7 billion — al customers. Our CPG segment generated $2.7 billion in net sales for the fiscal year ended
• $1.5 billion — al customers. Our PCG segment generated $1.5 billion in net sales for the fiscal year ended
• $2.5 billion — ibutors. Our Consumer segment generated $2.5 billion in net sales in the fiscal year ended M
• $0.7 billion — al customers. The SPG segment generated $0.7 billion in net sales for the fiscal year ended

Filing Documents

• rpm-20240531.htm (10-K) — 6121KB
• rpm-ex10_49.htm (EX-10.49) — 503KB
• rpm-ex10_106.htm (EX-10.106) — 1539KB
• rpm-ex10_113.htm (EX-10.113) — 55KB
• rpm-ex10_114.htm (EX-10.114) — 56KB
• rpm-ex10_115.htm (EX-10.115) — 59KB
• rpm-ex10_116.htm (EX-10.116) — 49KB
• rpm-ex10_311.htm (EX-10.311) — 506KB
• rpm-ex19_1.htm (EX-19.1) — 60KB
• rpm-ex21_1.htm (EX-21.1) — 63KB
• rpm-ex23_1.htm (EX-23.1) — 9KB
• rpm-ex31_1.htm (EX-31.1) — 10KB
• rpm-ex31_2.htm (EX-31.2) — 10KB
• rpm-ex32_1.htm (EX-32.1) — 7KB
• rpm-ex32_2.htm (EX-32.2) — 7KB
• rpm-ex97_1.htm (EX-97.1) — 49KB
• img3200603_0.jpg (GRAPHIC) — 15KB
• img15506421_0.jpg (GRAPHIC) — 15KB
• 0000950170-24-086386.txt ( ) — 32977KB
• rpm-20240531.xsd (EX-101.SCH) — 3139KB
• rpm-20240531_htm.xml (XML) — 7922KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 11 Item 1B. Unresolved Staff Comments 18 Item 1C. Cybersecurity 19 Item 2.

Properties

Properties 19 Item 3.

Legal Proceedings

Legal Proceedings 21 Item 4. Mine Safety Disclosures 21 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 22 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 34 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 36 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 84 Item 9A.

Controls and Procedures

Controls and Procedures 84 Item 9B. Other Information 84 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 84 PART III Item 10. Directors, Executive Officers and Corporate Governance 85 Item 11.

Executive Compensation

Executive Compensation 86 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 86 Item 13. Certain Relationships and Related Transactions, and Director Independence 86 Item 14. Principal Accountant Fees and Services 86 PART IV Item 15. Exhibits and Financial Statement Schedule 87 Exhibit Index 88

SIGNATURES

SIGNATURES 93 Schedule II 94 2 PART I

Business

Item 1. Business. THE COMPANY RPM International Inc., a Delaware corporation, succeeded to the reporting obligations of RPM, Inc., an Ohio corporation, following a 2002 reincorporation transaction. RPM, Inc. was originally incorporated in 1947 under the name Republic Powdered Metals, Inc. and changed its name to RPM, Inc. in 1971. As used herein, the terms "RPM," the "Company," "we," "our" and "us" refer to RPM International Inc. and all our consolidated subsidiaries, unless the context indicates otherwise. Our principal executive offices are located at 2628 Pearl Road, Medina, Ohio 44256, and our telephone number is (330) 273-5090.

BUSINESS

BUSINESS Our subsidiaries manufacture, market and sell various specialty chemical product lines, including high-quality specialty paints, infrastructure rehab and repair products, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance and improvement needs of the industrial, specialty and consumer markets. Our family of products includes those marketed under brand names such as API, Carboline, CAVE, DAP, Day-Glo, Dri-Eaz, Dryvit, Euclid, EUCO, Fibergrate, Fibregrid, Fibrecrete, Flecto, Flowcrete, Gator, Grupo PV, Hummervoll, illbruck, Kemtile, Key Resin, Nudura, Mohawk, Prime Resins, Rust-Oleum, Specialty Polymer Coatings, Stonhard, Strathmore, TCI, Toxement, Tremco, Tuf-Strand, Universal Sealants, Viapol, Watco and Zinsser. As of May 31, 2024, our subsidiaries marketed products in approximately 159 countries and territories and operated manufacturing facilities in approximately 119 locations in Argentina, Australia, Belgium, Brazil, Canada, Chile, Colombia, France, Germany, India, Italy, Malaysia, Mexico, The Netherlands, New Zealand, Norway, Poland, South Africa, South Korea, Spain, the United Arab Emirates, the United Kingdom, and the United States. Approximately 30% of our sales are generated in international markets through a combination of exports to and direct sales in foreign countries. For the fiscal year ended May 31, 2024, we recorded net sales of $7.3 billion. Available Information Our Internet website address is www.rpminc.com. We make available free of charge on or through our website our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and amendments to these reports, as soon as reasonably practicable after such reports are electronically filed with, or furnished to, the Securities and Exchange Commission. Segment Information Our business is divided into four reportable segments: the Construction Products Group ("CPG") reportable segment, Performance Coatings Grou

View Full Filing

View this 10-K filing on SEC EDGAR