Fiscal 2024 Second-Quarter Financial Results
EBIT** (Non-GAAP Measure): RPM Consolidated: Fiscal Year
RPM
($ in thousands, except percent data)
(Unaudited)
Net Income
Provision for Income Taxes
Income Before Income Taxes
Interest Expense
Investment Expense (Income), Net
EBIT** (non-GAAP measure)
Inventory-related charges (a)
Restructuring expense (b)
Goodwill impairment (c)
Accelerated expense - other (d)
Receivable (recoveries) (e)
Fiscal Year Ended May 31,
2023
2022
$
479,731
$
492,466
169,651
114,333
649,382
606,799
119,015
87,928
(9,748)
7,595
758,649
702,322
912
43
13,063
5,863
36,745
1,598
1,209
(227)
ERP consolidation plan (f)
7,021
3,873
Professional fees (g)
61,201
34,244
Acquisition-related costs (h)
2,776
Unusual (credits) triggered by executive departures (i)
(8)
Unusual executive costs (j)
5,590
(Gain) on sales of assets and business, net (k)
(25,774)
(49,163)
Business interruption insurance recovery (I)
(20,000)
Discontinued product line (m)
8,217
558
Foreign exchange loss on settlement of debt (n)
1,357
Adjusted EBIT*** (non-GAAP measure)
Net Sales
$
841,632
$
708,437
$
7,256,414
$
6,707,728
Adj EBIT*** as a % of Net Sales (non-GAAP measure)
11.6%
10.6%
NOTE - Refer to "Non-GAAP Financial Measures" slide for definitions of non-GAAP measures identified (*) in the
table above and "Adjustments Detail" slide for further information on adjustments outlined above.
Investor Presentation | Jan. 11, 2024
50View entire presentation