Fiscal 2024 Second-Quarter Financial Results
Consolidated Statements of Income: Three Months
($ in thousands, except per share and percent data)
(Unaudited)
Three Months Ended
Net Sales
Cost of Sales
Gross Profit
SG&A
Restructuring Expense
$
November 30, 2023
1,792,275
%
November 30, 2022
%
% Change
$
1,791,708
0.0
1,044,047
58.3
1,101,317
61.5
748,228
41.7
690,391
38.5
523,289
29.2
490,607
27.3
1,239
0.1
1,272
0.1
Other Expense, Net
2,817
0.1
2,310
0.1
EBIT** (non-GAAP measure)
220,883
12.3
196,202
11.0
12.6
Interest Expense
30,348
1.7
27,918
1.6
Investment (Income), Net
(5,289)
(0.3)
(6,851)
(0.4)
Income Before Taxes
195,824
10.9
175,135
9.8
Provision for Income Taxes
50,009
2.8
43,593
2.5
Net Income
145,815
8.1
131,542
7.3
10.9
Less: Net Income Attributable
to Noncontrolling Interests
310
0.0
198
0.0
Net Income Attributable to RPM
Stockholders
$
145,505
8.1 $
131,344
7.3
10.8
Diluted EPS
$
1.13
$
1.02
10.8
RPM
NOTE - Refer to "Non-GAAP Financial Measures" slide for definition of EBIT.
Investor Presentation | Jan. 11, 2024
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