RPM International Inc. Files Q2 2025 10-Q

TL;DR

RPM Intl Q2 24 results are in. Check the 10-Q for details.

AI Summary

RPM International Inc. reported its second-quarter results for the period ending November 30, 2024. The company's financial performance for this quarter is detailed in the 10-Q filing. Specific financial figures and operational highlights are available within the document.

Why It Matters

This filing provides investors with the latest financial performance data for RPM International Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing financial updates.

Key Numbers

• 20241130 — Fiscal Quarter End (The period covered by this 10-Q filing.)
• 20250107 — Filing Date (The date this 10-Q was submitted to the SEC.)

Key Players & Entities

• RPM INTERNATIONAL INC/DE/ (company) — Filer
• 20241130 (date) — Reporting Period End Date
• 20250107 (date) — Filing Date
• MEDINA (location) — Company Headquarters City
• OH (location) — Company Headquarters State

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 RPM New York Stock Exchange Indic

Filing Documents

• rpm-20241130.htm (10-Q) — 3765KB
• rpm-ex31_1.htm (EX-31.1) — 10KB
• rpm-ex31_2.htm (EX-31.2) — 10KB
• rpm-ex32_1.htm (EX-32.1) — 5KB
• rpm-ex32_2.htm (EX-32.2) — 5KB
• 0000950170-25-002727.txt ( ) — 15245KB
• rpm-20241130.xsd (EX-101.SCH) — 1074KB
• rpm-20241130_htm.xml (XML) — 4198KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements: 3 Consolidated Balance Sheets 3 Consolidated Statements of Income 4 Consolidated Statements of Comprehensive Income 5 Consolidated Statements of Cash Flows 6 Consolidated Statements of Stockholders' Equity 7

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 8 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.

Controls and Procedures

Controls and Procedures 36

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 37 Item 1A.

Risk Factors

Risk Factors 37 Item 2. Unregistered Sale of Equity Securities and Use of Proceeds 37 Item 5. Other Information 37 Item 6. Exhibits 38

Signatures

Signatures 39 * As used herein, the terms "RPM" and the "Company" refer to RPM International Inc. and its subsidiaries, unless the context indicates otherwise. 2

– FINANC IAL INFORMATION

PART I. – FINANC IAL INFORMATION

FINANCI AL STATEMENTS

ITEM 1. FINANCI AL STATEMENTS RPM INTERNATIONAL INC. AND SUBSIDIARIES CONSOLIDATED B ALANCE SHEETS (Unaudited) (In thousands, except per share amounts) November 30, 2024 May 31, 2024 Assets Current Assets Cash and cash equivalents $ 268,683 $ 237,379 Trade accounts receivable (less allowances of $ 52,671 and $ 48,763 , respectively) 1,290,536 1,419,445 Inventories 995,262 956,465 Prepaid expenses and other current assets 326,155 282,059 Total current assets 2,880,636 2,895,348 Property, Plant and Equipment, at Cost 2,615,862 2,515,847 Allowance for depreciation ( 1,238,798 ) ( 1,184,784 ) Property, plant and equipment, net 1,377,064 1,331,063 Other Assets Goodwill 1,341,129 1,308,911 Other intangible assets, net of amortization 512,568 512,972 Operating lease right-of-use assets 353,706 331,555 Deferred income taxes 35,945 33,522 Other 182,022 173,172 Total other assets 2,425,370 2,360,132 Total Assets $ 6,683,070 $ 6,586,543 Liabilities and Stockholders' Equity Current Liabilities Accounts payable $ 672,921 $ 649,650 Current portion of long-term debt 6,060 136,213 Accrued compensation and benefits 213,999 297,249 Accrued losses 35,126 32,518 Other accrued liabilities 365,781 350,434 Total current liabilities 1,293,887 1,466,064 Long-Term Liabilities Long-term debt, less current maturities 2,019,846 1,990,935 Operating lease liabilities 304,517 281,281 Other long-term liabilities 244,891 214,816 Deferred income taxes 102,279 121,222 Total long-term liabilities 2,671,533 2,608,254 Contingencies and Accrued Losses (Note 13) Stockholders' Equity Preferred stock, par value $ 0.01 ; authorized 50,000 shares; no ne issued — — Common stock, par value $ 0.01 ; authorized 300,000 shares; issued 146,211 and outstanding 128,568 as of November 30, 2024; issued 145,779 and

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 1 — CONSOLIDATION, NONCONTROLLING INTERESTS AND BASIS OF PRESENTATION The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with Generally Accepted Accounting Principles in the U.S. ("GAAP") for interim financial information and the instructions to Form 10-Q. In our opinion, all adjustments (consisting of normal, recurring accruals) considered necessary for a fair presentation have been included for the three- and six-month periods ended November 30, 2024 and 2023. For further information, refer to the Consolidated Financial Statements and Notes included in our Annual Report on Form 10-K for the year ended May 31, 2024. Our financial statements include all of our majority-owned subsidiaries. We account for our investments in less-than-majority-owned joint ventures, for which we have the ability to exercise significant influence, under the equity method. Effects of transactions between related companies are eliminated in consolidation. Noncontrolling interests are presented in our Consolidated Financial Statements as if parent company investors (controlling interests) and other minority investors (noncontrolling interests) in partially-owned subsidiaries have similar economic interests in a single entity. As a result, investments in noncontrolling interests are reported as equity in our Consolidated Financial Statements. Additionally, our Consolidated Financial Statements include 100 % of a controlled subsidiary's earnings, rather than only our share. Transactions between the parent company and noncontrolling interests are reported in equity as transactions between stockholders, provided that these transactions do not create a change in control. Our business is dependent on external weather factors. Historically, we have experienced strong sales and net income in our first, second and fourth fiscal quarters comprising the three-month periods ending August 31, November 30

View Full Filing

View this 10-Q filing on SEC EDGAR