Company Quick10K Filing
RPM International
Price61.02 EPS2
Shares134 P/E31
MCap8,197 P/FCF60
Net Debt2,303 EBIT433
TEV10,500 TEV/EBIT24
TTM 2019-05-31, in MM, except price, ratios
10-Q 2020-08-31 Filed 2020-10-07
10-K 2020-05-31 Filed 2020-07-27
10-Q 2020-02-29 Filed 2020-04-08
10-Q 2019-11-30 Filed 2020-01-08
10-Q 2019-08-31 Filed 2019-10-03
10-K 2019-05-31 Filed 2019-07-24
10-Q 2019-02-28 Filed 2019-04-08
10-Q 2018-11-30 Filed 2019-01-08
10-Q 2018-08-31 Filed 2018-10-03
10-K 2018-05-31 Filed 2018-07-23
10-Q 2018-02-28 Filed 2018-04-05
10-Q 2017-11-30 Filed 2018-01-04
10-Q 2017-08-31 Filed 2017-10-04
10-K 2017-05-31 Filed 2017-07-24
10-Q 2017-02-28 Filed 2017-04-06
10-Q 2016-11-30 Filed 2017-01-09
10-Q 2016-08-31 Filed 2016-10-05
10-K 2016-05-31 Filed 2016-07-28
10-Q 2016-02-29 Filed 2016-04-06
10-Q 2015-11-30 Filed 2016-01-06
10-Q 2015-08-31 Filed 2015-10-07
10-K 2015-05-31 Filed 2015-07-27
10-Q 2015-02-28 Filed 2015-04-08
10-Q 2014-11-30 Filed 2015-01-07
10-Q 2014-08-31 Filed 2014-10-08
10-Q 2014-02-28 Filed 2014-04-03
10-Q 2013-11-30 Filed 2014-01-08
10-Q 2013-08-31 Filed 2013-10-09
10-K 2013-02-28 Filed 2014-08-14
10-Q 2013-02-28 Filed 2013-04-04
10-Q 2012-11-30 Filed 2013-01-08
10-Q 2012-08-31 Filed 2012-10-04
10-K 2012-05-31 Filed 2012-07-26
10-Q 2012-02-29 Filed 2012-04-05
10-Q 2011-11-30 Filed 2012-01-05
10-Q 2011-08-31 Filed 2011-10-07
10-K 2011-05-31 Filed 2011-07-27
10-Q 2011-02-28 Filed 2011-04-07
10-Q 2010-11-30 Filed 2011-01-07
10-Q 2010-08-31 Filed 2010-10-06
10-K 2010-05-31 Filed 2010-07-29
10-Q 2010-02-28 Filed 2010-04-08
10-Q 2009-11-30 Filed 2010-01-06
8-K 2020-10-08 Shareholder Vote, Other Events, Exhibits
8-K 2020-10-07 Earnings, Exhibits
8-K 2020-07-27 Earnings, Exhibits
8-K 2020-06-05
8-K 2020-05-22
8-K 2020-04-30
8-K 2020-04-08
8-K 2020-03-20
8-K 2020-02-21
8-K 2020-01-08
8-K 2019-10-03
8-K 2019-10-02
8-K 2019-07-22
8-K 2019-05-01
8-K 2019-04-12
8-K 2019-04-04
8-K 2019-02-27
8-K 2019-02-25
8-K 2019-02-25
8-K 2019-01-04
8-K 2018-11-28
8-K 2018-10-31
8-K 2018-10-04
8-K 2018-10-03
8-K 2018-09-25
8-K 2018-08-17
8-K 2018-07-19
8-K 2018-07-02
8-K 2018-06-27
8-K 2018-05-29
8-K 2018-04-19
8-K 2018-04-05
8-K 2018-01-04

RPM 10Q Quarterly Report

Part I. - Financial Information
Item 1. Financial Statements
Note 1 - Consolidation, Noncontrolling Interests and Basis of Presentation
Note 2 - New Accounting Pronouncements
Note 3 - Restructuring
Note 4 - Fair Value Measurements
Note 5 - Derivatives and Hedging
Note 6 - Investment (Income), Net
Note 7 - Other Expense, Net
Note 8 - Income Taxes
Note 9 - Inventories
Note 10 - Stock Repurchase Program
Note 11 - Earnings per Share
Note 12 - Pension Plans
Note 13 - Contingencies and Accrued Losses
Note 14 - Revenue
Note 15 - Segment Information
Note 16 - Goodwill
Note 17 - Subsequent Events
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II - Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sale of Equity Securities and Use of Proceeds
Item 6. Exhibits
EX-10.1 exhibit10_1.htm
EX-31.1 rpm-ex311_6.htm
EX-31.2 rpm-ex312_10.htm
EX-32.1 rpm-ex321_7.htm
EX-32.2 rpm-ex322_8.htm

RPM International Earnings 2020-08-31

Balance SheetIncome StatementCash Flow
10.08.06.04.02.00.02012201420172020
Assets, Equity
1.71.31.00.60.3-0.12012201420172020
Rev, G Profit, Net Income
0.40.20.0-0.1-0.3-0.52012201420172020
Ops, Inv, Fin

rpm-10q_20200831.htm
false 2021 Q1 0000110621 --05-31 false 2021 0000110621 2020-06-01 2020-08-31 xbrli:shares 0000110621 2020-10-05 iso4217:USD 0000110621 2020-08-31 0000110621 2020-05-31 iso4217:USD xbrli:shares 0000110621 2019-06-01 2019-08-31 0000110621 2019-05-31 0000110621 2019-08-31 0000110621 us-gaap:CommonStockMember 2020-05-31 0000110621 us-gaap:AdditionalPaidInCapitalMember 2020-05-31 0000110621 us-gaap:TreasuryStockMember 2020-05-31 0000110621 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-05-31 0000110621 us-gaap:RetainedEarningsMember 2020-05-31 0000110621 us-gaap:ParentMember 2020-05-31 0000110621 us-gaap:NoncontrollingInterestMember 2020-05-31 0000110621 us-gaap:RetainedEarningsMember 2020-06-01 2020-08-31 0000110621 us-gaap:ParentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NoncontrollingInterestMember 2020-06-01 2020-08-31 0000110621 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-06-01 2020-08-31 0000110621 us-gaap:CommonStockMember 2020-06-01 2020-08-31 0000110621 us-gaap:AdditionalPaidInCapitalMember 2020-06-01 2020-08-31 0000110621 us-gaap:TreasuryStockMember 2020-06-01 2020-08-31 0000110621 us-gaap:CommonStockMember 2020-08-31 0000110621 us-gaap:AdditionalPaidInCapitalMember 2020-08-31 0000110621 us-gaap:TreasuryStockMember 2020-08-31 0000110621 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-08-31 0000110621 us-gaap:RetainedEarningsMember 2020-08-31 0000110621 us-gaap:ParentMember 2020-08-31 0000110621 us-gaap:NoncontrollingInterestMember 2020-08-31 0000110621 us-gaap:CommonStockMember 2019-05-31 0000110621 us-gaap:AdditionalPaidInCapitalMember 2019-05-31 0000110621 us-gaap:TreasuryStockMember 2019-05-31 0000110621 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-05-31 0000110621 us-gaap:RetainedEarningsMember 2019-05-31 0000110621 us-gaap:ParentMember 2019-05-31 0000110621 us-gaap:NoncontrollingInterestMember 2019-05-31 0000110621 us-gaap:RetainedEarningsMember 2019-06-01 2019-08-31 0000110621 us-gaap:ParentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NoncontrollingInterestMember 2019-06-01 2019-08-31 0000110621 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-01 2019-08-31 0000110621 us-gaap:CommonStockMember 2019-06-01 2019-08-31 0000110621 us-gaap:AdditionalPaidInCapitalMember 2019-06-01 2019-08-31 0000110621 us-gaap:TreasuryStockMember 2019-06-01 2019-08-31 0000110621 us-gaap:CommonStockMember 2019-08-31 0000110621 us-gaap:AdditionalPaidInCapitalMember 2019-08-31 0000110621 us-gaap:TreasuryStockMember 2019-08-31 0000110621 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-08-31 0000110621 us-gaap:RetainedEarningsMember 2019-08-31 0000110621 us-gaap:ParentMember 2019-08-31 0000110621 us-gaap:NoncontrollingInterestMember 2019-08-31 xbrli:pure 0000110621 rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:MarginAccelerationPlanToGrowthPlanMember us-gaap:EmployeeSeveranceMember 2020-06-01 2020-08-31 0000110621 rpm:MarginAccelerationPlanToGrowthPlanMember us-gaap:FacilityClosingMember 2020-06-01 2020-08-31 0000110621 rpm:MarginAccelerationPlanToGrowthPlanMember us-gaap:OtherRestructuringMember 2020-06-01 2020-08-31 0000110621 rpm:ConstructionProductsSegmentMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:ConstructionProductsSegmentMember us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:ConstructionProductsSegmentMember us-gaap:OtherRestructuringMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:ConstructionProductsSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:PerformanceCoatingsSegmentMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:PerformanceCoatingsSegmentMember us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:PerformanceCoatingsSegmentMember us-gaap:OtherRestructuringMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:PerformanceCoatingsSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:ConsumerProductsSegmentMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:ConsumerProductsSegmentMember us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:ConsumerProductsSegmentMember us-gaap:OtherRestructuringMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:ConsumerProductsSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember us-gaap:OtherRestructuringMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-06-01 2020-08-31 0000110621 rpm:ConstructionProductsSegmentMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:ConstructionProductsSegmentMember us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:ConstructionProductsSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:PerformanceCoatingsSegmentMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:PerformanceCoatingsSegmentMember us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:PerformanceCoatingsSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:ConsumerProductsSegmentMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:ConsumerProductsSegmentMember us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:ConsumerProductsSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember us-gaap:OtherRestructuringMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 us-gaap:CorporateAndOtherMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 us-gaap:CorporateAndOtherMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 us-gaap:OtherRestructuringMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:MarginAccelerationPlanToGrowthPlanMember 2019-06-01 2019-08-31 0000110621 rpm:ConstructionProductsSegmentMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:ConstructionProductsSegmentMember us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:ConstructionProductsSegmentMember us-gaap:OtherRestructuringMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:ConstructionProductsSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:PerformanceCoatingsSegmentMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:PerformanceCoatingsSegmentMember us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:PerformanceCoatingsSegmentMember us-gaap:OtherRestructuringMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:PerformanceCoatingsSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:ConsumerProductsSegmentMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:ConsumerProductsSegmentMember us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:ConsumerProductsSegmentMember us-gaap:OtherRestructuringMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:ConsumerProductsSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember us-gaap:OtherRestructuringMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 us-gaap:CorporateAndOtherMember us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 us-gaap:CorporateAndOtherMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 us-gaap:OtherRestructuringMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 0000110621 rpm:MarginAccelerationPlanToGrowthPlanMember 2020-08-31 rpm:Position 0000110621 us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-05-31 0000110621 us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2020-05-31 0000110621 rpm:MarginAccelerationPlanToGrowthPlanMember 2020-05-31 0000110621 us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-05-31 0000110621 us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-05-31 0000110621 rpm:MarginAccelerationPlanToGrowthPlanMember 2019-05-31 0000110621 us-gaap:EmployeeSeveranceMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-08-31 0000110621 us-gaap:FacilityClosingMember rpm:MarginAccelerationPlanToGrowthPlanMember 2019-08-31 0000110621 rpm:MarginAccelerationPlanToGrowthPlanMember 2019-08-31 0000110621 rpm:ConsumerSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember us-gaap:CostOfSalesMember 2020-06-01 2020-08-31 0000110621 rpm:ConsumerSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember us-gaap:CostOfSalesMember 2019-06-01 2019-08-31 0000110621 rpm:PerformanceCoatingsGroupSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember us-gaap:CostOfSalesMember 2019-06-01 2019-08-31 0000110621 rpm:ConstructionProductsGroupSegmentMember rpm:MarginAccelerationPlanToGrowthPlanMember us-gaap:CostOfSalesMember 2019-06-01 2019-08-31 0000110621 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 country:US us-gaap:EquitySecuritiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 country:US us-gaap:EquitySecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 us-gaap:NonUsMember us-gaap:MutualFundMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 us-gaap:NonUsMember us-gaap:MutualFundMember us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 country:US us-gaap:MutualFundMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 country:US us-gaap:MutualFundMember us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 us-gaap:FairValueInputsLevel3Member rpm:ContingentConsiderationLiabilityMember us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 rpm:ContingentConsiderationLiabilityMember us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2020-08-31 0000110621 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 us-gaap:USTreasuryAndGovernmentMember us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 country:US us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 country:US us-gaap:EquitySecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 us-gaap:NonUsMember us-gaap:FairValueInputsLevel2Member us-gaap:MutualFundMember us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 us-gaap:NonUsMember us-gaap:MutualFundMember us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 country:US us-gaap:FairValueInputsLevel2Member us-gaap:MutualFundMember us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 country:US us-gaap:MutualFundMember us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 us-gaap:FairValueInputsLevel3Member rpm:ContingentConsiderationLiabilityMember us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 rpm:ContingentConsiderationLiabilityMember us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2020-05-31 0000110621 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2020-08-31 0000110621 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2020-08-31 0000110621 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2020-05-31 0000110621 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2020-05-31 rpm:CrossCurrencySwap 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember 2017-10-31 iso4217:EUR 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember 2017-10-30 2017-10-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember 2020-02-29 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember 2020-02-01 2020-02-29 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember rpm:ThreePointFourFiveZeroPercentSeniorNotesNovemberTwoThousandTwentyTwoMember 2020-02-01 2020-02-29 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember 2020-06-01 2020-08-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember rpm:ThreePointFourFiveZeroPercentSeniorNotesNovemberTwoThousandTwentyTwoMember 2020-02-29 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember rpm:VariableInterestRateMember 2020-02-29 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember rpm:VariableInterestRateMember 2020-02-01 2020-02-29 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember rpm:TermLoanFacilityMember rpm:VariableInterestRateMember 2020-02-29 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember rpm:TermLoanFacilityMember rpm:VariableInterestRateMember 2020-02-01 2020-02-29 0000110621 us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember us-gaap:CashFlowHedgingMember 2020-06-01 2020-08-31 0000110621 us-gaap:CurrencySwapMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestIncomeMember us-gaap:CashFlowHedgingMember 2020-06-01 2020-08-31 0000110621 us-gaap:CurrencySwapMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SaleOfSubsidiaryGainLossMember us-gaap:NetInvestmentHedgingMember 2020-06-01 2020-08-31 0000110621 us-gaap:CurrencySwapMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SaleOfSubsidiaryGainLossMember us-gaap:NetInvestmentHedgingMember 2019-06-01 2019-08-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember 2019-06-01 2019-08-31 0000110621 us-gaap:CurrencySwapMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:ForeignCurrencyGainLossMember us-gaap:CashFlowHedgingMember 2020-06-01 2020-08-31 rpm:ForwardContract 0000110621 us-gaap:NondesignatedMember 2020-08-31 0000110621 us-gaap:NondesignatedMember 2020-05-31 0000110621 rpm:ForwardContractsHeldToPurchaseForeignCurrenciesMember us-gaap:NondesignatedMember 2020-08-31 0000110621 rpm:ForwardContractsHeldToPurchaseForeignCurrenciesMember us-gaap:NondesignatedMember 2020-05-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherCurrentAssetsMember us-gaap:CurrencySwapMember us-gaap:NetInvestmentHedgingMember 2020-08-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherCurrentAssetsMember us-gaap:CurrencySwapMember us-gaap:NetInvestmentHedgingMember 2020-05-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherCurrentAssetsMember us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember 2020-08-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherCurrentAssetsMember us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember 2020-05-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherNoncurrentAssetsMember us-gaap:CurrencySwapMember us-gaap:NetInvestmentHedgingMember 2020-05-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember rpm:OtherAccruedLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2020-08-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember rpm:OtherAccruedLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2020-05-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember rpm:OtherAccruedLiabilitiesMember us-gaap:CurrencySwapMember us-gaap:NetInvestmentHedgingMember 2020-08-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember rpm:OtherAccruedLiabilitiesMember us-gaap:CurrencySwapMember us-gaap:NetInvestmentHedgingMember 2020-05-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:CurrencySwapMember us-gaap:NetInvestmentHedgingMember 2020-08-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:CurrencySwapMember us-gaap:NetInvestmentHedgingMember 2020-05-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember 2020-08-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember 2020-05-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2020-08-31 0000110621 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2020-05-31 0000110621 us-gaap:ForeignExchangeContractMember rpm:OtherAccruedLiabilitiesMember us-gaap:NondesignatedMember 2020-08-31 0000110621 us-gaap:ForeignExchangeContractMember rpm:OtherAccruedLiabilitiesMember us-gaap:NondesignatedMember 2019-05-31 0000110621 srt:ScenarioForecastMember 2021-05-31 0000110621 us-gaap:RestrictedStockMember 2020-06-01 2020-08-31 0000110621 us-gaap:RestrictedStockMember 2019-06-01 2019-08-31 0000110621 us-gaap:StockAppreciationRightsSARSMember 2020-06-01 2020-08-31 0000110621 us-gaap:StockAppreciationRightsSARSMember 2019-06-01 2019-08-31 0000110621 us-gaap:PensionPlansDefinedBenefitMember country:US 2020-06-01 2020-08-31 0000110621 us-gaap:PensionPlansDefinedBenefitMember country:US 2019-06-01 2019-08-31 0000110621 us-gaap:PensionPlansDefinedBenefitMember us-gaap:ForeignPlanMember 2020-06-01 2020-08-31 0000110621 us-gaap:PensionPlansDefinedBenefitMember us-gaap:ForeignPlanMember 2019-06-01 2019-08-31 0000110621 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember us-gaap:ForeignPlanMember 2020-06-01 2020-08-31 0000110621 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember us-gaap:ForeignPlanMember 2019-06-01 2019-08-31 0000110621 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember country:US 2020-06-01 2020-08-31 0000110621 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember country:US 2019-06-01 2019-08-31 0000110621 us-gaap:PensionPlansDefinedBenefitMember country:US 2020-08-31 0000110621 us-gaap:PensionPlansDefinedBenefitMember us-gaap:ForeignPlanMember 2020-08-31 0000110621 srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember 2012-06-01 2012-08-31 0000110621 srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember 2012-09-01 2012-11-30 0000110621 srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember 2012-12-01 2013-02-28 rpm:Segment 0000110621 us-gaap:ShortTermContractWithCustomerMember 2020-06-01 2020-08-31 0000110621 rpm:GeneralContractingAndRoofingServicesMember 2020-06-01 2020-08-31 0000110621 country:US us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 country:US us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 country:US us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2020-06-01 2020-08-31 0000110621 country:US us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 country:US 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember country:CA us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember country:CA us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember country:CA us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember country:CA us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember country:CA 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:EuropeMember us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:EuropeMember us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:EuropeMember us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:EuropeMember us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:EuropeMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:LatinAmericaMember us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:LatinAmericaMember us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:LatinAmericaMember us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:LatinAmericaMember us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:LatinAmericaMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:AsiaPacificMember us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:AsiaPacificMember us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:AsiaPacificMember us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:AsiaPacificMember us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember srt:AsiaPacificMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember rpm:OtherForeignCountryMember us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember rpm:OtherForeignCountryMember us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember rpm:OtherForeignCountryMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:NonUsMember 2020-06-01 2020-08-31 0000110621 us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 country:US us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 country:US us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 country:US us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2019-06-01 2019-08-31 0000110621 country:US us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 country:US 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember country:CA us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember country:CA us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember country:CA us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember country:CA us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember country:CA 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:EuropeMember us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:EuropeMember us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:EuropeMember us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:EuropeMember us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:EuropeMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:LatinAmericaMember us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:LatinAmericaMember us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:LatinAmericaMember us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:LatinAmericaMember us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:LatinAmericaMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:AsiaPacificMember us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:AsiaPacificMember us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:AsiaPacificMember us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:AsiaPacificMember us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember srt:AsiaPacificMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember rpm:OtherForeignCountryMember us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember rpm:OtherForeignCountryMember us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember rpm:OtherForeignCountryMember us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember rpm:OtherForeignCountryMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:NonUsMember 2019-06-01 2019-08-31 0000110621 us-gaap:OperatingSegmentsMember rpm:ConstructionProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:OperatingSegmentsMember rpm:PerformanceCoatingsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:OperatingSegmentsMember rpm:ConsumerSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:OperatingSegmentsMember rpm:SpecialtyProductsGroupSegmentMember 2019-06-01 2019-08-31 0000110621 us-gaap:CorporateNonSegmentMember 2020-06-01 2020-08-31 0000110621 us-gaap:CorporateNonSegmentMember 2019-06-01 2019-08-31 0000110621 rpm:ConstructionProductsGroupSegmentMember us-gaap:OperatingSegmentsMember 2020-08-31 0000110621 rpm:ConstructionProductsGroupSegmentMember us-gaap:OperatingSegmentsMember 2020-05-31 0000110621 rpm:PerformanceCoatingsGroupSegmentMember us-gaap:OperatingSegmentsMember 2020-08-31 0000110621 rpm:PerformanceCoatingsGroupSegmentMember us-gaap:OperatingSegmentsMember 2020-05-31 0000110621 rpm:ConsumerSegmentMember us-gaap:OperatingSegmentsMember 2020-08-31 0000110621 rpm:ConsumerSegmentMember us-gaap:OperatingSegmentsMember 2020-05-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember us-gaap:OperatingSegmentsMember 2020-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember us-gaap:OperatingSegmentsMember 2020-05-31 0000110621 us-gaap:CorporateNonSegmentMember 2020-08-31 0000110621 us-gaap:CorporateNonSegmentMember 2020-05-31 0000110621 rpm:ConstructionProductsGroupSegmentMember 2020-05-31 0000110621 rpm:PerformanceCoatingsGroupSegmentMember 2020-05-31 0000110621 rpm:ConsumerSegmentMember 2020-05-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember 2020-05-31 0000110621 rpm:ConstructionProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 rpm:PerformanceCoatingsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 rpm:ConsumerSegmentMember 2020-06-01 2020-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember 2020-06-01 2020-08-31 0000110621 rpm:ConstructionProductsGroupSegmentMember 2020-08-31 0000110621 rpm:PerformanceCoatingsGroupSegmentMember 2020-08-31 0000110621 rpm:ConsumerSegmentMember 2020-08-31 0000110621 rpm:SpecialtyProductsGroupSegmentMember 2020-08-31 0000110621 us-gaap:SubsequentEventMember rpm:ConsumerSegmentMember us-gaap:OperatingSegmentsMember rpm:AliIndustriesLLCMember 2020-09-01 2020-09-01

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10-Q

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended August 31, 2020,

or

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     .

Commission File No. 1-14187

 

RPM International Inc.

(Exact name of Registrant as specified in its charter)

 

 

Delaware

 

02-0642224

(State or other jurisdiction of

incorporation or organization)

 

(IRS Employer

Identification No.)

 

 

 

P.O. BOX 777;

2628 PEARL ROAD;

MEDINA, Ohio

(Address of principal executive offices)

 

44258

(Zip Code)

 

 

(330273-5090

(Registrant’s telephone number including area code)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock, par value $0.01

 

RPM

 

New York Stock Exchange

 

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes      No  .

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes      No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

 

 

Accelerated filer

 

 

 

 

 

 

 

 

Non-accelerated filer

 

☐ 

 

Smaller reporting company

 

 

 

 

 

 

 

 

Emerging growth company

 

 

 

 

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes      No  .

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13, or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.  Yes      No  .

As of October 5, 2020, the registrant had 129,937,116 shares of common stock, $0.01 par value per share, outstanding.

 

 

 

 

 


 

RPM INTERNATIONAL INC. AND SUBSIDIARIES*

INDEX

 

 

 

 

 

Page No.

PART I. FINANCIAL INFORMATION

 

 

 

 

 

 

 

Item 1.

 

Financial Statements:

 

 

 

 

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

 

8

Item 2.

 

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

 

24

Item 3.

 

Quantitative and Qualitative Disclosures About Market Risk

 

32

Item 4.

 

Controls and Procedures

 

32

 

 

 

 

 

PART II. OTHER INFORMATION

 

 

 

 

 

 

 

Item 1.

 

Legal Proceedings

 

33

Item 1A.

 

Risk Factors

 

34

Item 2.

 

Unregistered Sale of Equity Securities and Use of Proceeds

 

34

Item 6.

 

Exhibits

 

35

Signatures

 

36

 

*

As used herein, the terms “RPM” and the “Company” refer to RPM International Inc. and its subsidiaries, unless the context indicates otherwise.

 

 

2


 

PART I. – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

RPM INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except per share amounts)

 

 

 

August 31, 2020

 

 

May 31, 2020

 

Assets

 

 

 

 

 

 

 

 

Current Assets

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

251,765

 

 

$

233,416

 

Trade accounts receivable (less allowances of $55,927 and $55,847, respectively)

 

 

1,159,130

 

 

 

1,137,957

 

Inventories

 

 

783,472

 

 

 

810,448

 

Prepaid expenses and other current assets

 

 

262,668

 

 

 

241,608

 

Total current assets

 

 

2,457,035

 

 

 

2,423,429

 

Property, Plant and Equipment, at Cost

 

 

1,803,824

 

 

 

1,755,190

 

Allowance for depreciation

 

 

(942,849

)

 

 

(905,504

)

Property, plant and equipment, net

 

 

860,975

 

 

 

849,686

 

Other Assets

 

 

 

 

 

 

 

 

Goodwill

 

 

1,278,534

 

 

 

1,250,066

 

Other intangible assets, net of amortization

 

 

583,787

 

 

 

584,380

 

Operating lease right-of-use assets

 

 

283,546

 

 

 

284,491

 

Deferred income taxes

 

 

36,577

 

 

 

30,894

 

Other

 

 

193,965

 

 

 

208,008

 

Total other assets

 

 

2,376,409

 

 

 

2,357,839

 

Total Assets

 

$

5,694,419

 

 

$

5,630,954

 

Liabilities and Stockholders' Equity

 

 

 

 

 

 

 

 

Current Liabilities

 

 

 

 

 

 

 

 

Accounts payable

 

$

525,980

 

 

$

535,311

 

Current portion of long-term debt

 

 

45,913

 

 

 

80,890

 

Accrued compensation and benefits

 

 

133,880

 

 

 

185,531

 

Accrued losses

 

 

22,269

 

 

 

20,021

 

Other accrued liabilities

 

 

364,735

 

 

 

271,827

 

Total current liabilities

 

 

1,092,777

 

 

 

1,093,580

 

Long-Term Liabilities

 

 

 

 

 

 

 

 

Long-term debt, less current maturities

 

 

2,297,172

 

 

 

2,458,290

 

Operating lease liabilities

 

 

242,903

 

 

 

244,691

 

Other long-term liabilities

 

 

545,707

 

 

 

510,175

 

Deferred income taxes

 

 

63,789

 

 

 

59,555

 

Total long-term liabilities

 

 

3,149,571

 

 

 

3,272,711

 

Commitments and contingencies (Note 13)

 

 

 

 

 

 

 

 

Stockholders' Equity

 

 

 

 

 

 

 

 

Preferred stock, par value $0.01; authorized 50,000 shares; none issued

 

 

 

 

 

 

Common stock, par value $0.01; authorized 300,000 shares;

   issued 143,813 and outstanding 129,975 as of August 31, 2020;

   issued 143,261 and outstanding 129,511 as of May 31, 2020

 

 

1,300

 

 

 

1,295

 

Paid-in capital

 

 

1,024,879

 

 

 

1,014,428

 

Treasury stock, at cost

 

 

(587,232

)

 

 

(580,117

)

Accumulated other comprehensive (loss)

 

 

(667,662

)

 

 

(717,497

)

Retained earnings

 

 

1,678,309

 

 

 

1,544,336

 

Total RPM International Inc. stockholders' equity

 

 

1,449,594

 

 

 

1,262,445

 

Noncontrolling Interest

 

 

2,477

 

 

 

2,218

 

Total equity

 

 

1,452,071

 

 

 

1,264,663

 

Total Liabilities and Stockholders' Equity

 

$

5,694,419

 

 

$

5,630,954

 

 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

 

3


 

RPM INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

(In thousands, except per share amounts)

 

 

 

Three Months Ended

 

 

 

August 31,

 

 

August 31,

 

 

 

2020

 

 

2019

 

Net Sales

 

$

1,606,670

 

 

$

1,472,764

 

Cost of Sales

 

 

953,015

 

 

 

898,010

 

Gross Profit

 

 

653,655

 

 

 

574,754

 

Selling, General and Administrative Expenses

 

 

395,953

 

 

 

400,566

 

Restructuring Charges

 

 

4,233

 

 

 

6,622

 

Interest Expense

 

 

21,745

 

 

 

28,317

 

Investment (Income), Net

 

 

(12,763

)

 

 

(5,385

)

Other Expense, Net

 

 

3,118

 

 

 

1,785

 

Income Before Income Taxes

 

 

241,369

 

 

 

142,849

 

Provision for Income Taxes

 

 

60,584

 

 

 

36,353

 

Net Income

 

 

180,785

 

 

 

106,496

 

Less:  Net Income Attributable to Noncontrolling Interests

 

 

190

 

 

 

308

 

Net Income Attributable to RPM International Inc. Stockholders

 

$

180,595

 

 

$

106,188

 

Average Number of Shares of Common Stock Outstanding:

 

 

 

 

 

 

 

 

Basic

 

 

128,418

 

 

 

128,882

 

Diluted

 

 

128,783

 

 

 

129,504

 

Earnings per Share of Common Stock Attributable to RPM International Inc.

   Stockholders:

 

 

 

 

 

 

 

 

Basic

 

$

1.39

 

 

$

0.82

 

Diluted

 

$

1.39

 

 

$

0.82

 

 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

 

 

4


 

RPM INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

(In thousands)

 

 

 

Three Months Ended

 

 

 

August 31,

 

 

August 31,

 

 

 

2020

 

 

2019

 

Net Income

 

$

180,785

 

 

$

106,496

 

Other comprehensive income (loss), net of tax:

 

 

 

 

 

 

 

 

Foreign currency translation adjustments (net of tax of $2,862 and $0, respectively)

 

 

64,667

 

 

 

(28,434

)

Pension and other postretirement benefit liability adjustments

   (net of tax of $786 and $1,104, respectively)

 

 

3,260

 

 

 

3,623

 

Unrealized gain on securities and other (net of tax benefit of $82 and tax $1, respectively)

 

 

89

 

 

 

371

 

Unrealized gain (loss) on derivatives (net of tax of $5,542 and $579, respectively)

 

 

(18,112

)

 

 

784

 

Total other comprehensive income (loss)

 

 

49,904

 

 

 

(23,656

)

Total Comprehensive Income

 

 

230,689

 

 

 

82,840

 

Less:  Comprehensive Income Attributable to Noncontrolling Interests

 

 

259

 

 

 

277

 

Comprehensive Income Attributable to RPM International Inc. Stockholders

 

$

230,430

 

 

$

82,563

 

 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

 

 

5


 

RPM INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In thousands)

 

 

 

Three Months Ended

 

 

 

August 31,

 

 

August 31,

 

 

 

2020

 

 

2019

 

Cash Flows From Operating Activities:

 

 

 

 

 

 

 

 

Net income

 

$

180,785

 

 

$

106,496

 

Adjustments to reconcile net income to net cash provided by (used for) operating activities:

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

35,317

 

 

 

35,839

 

Restructuring charges, net of payments

 

 

(1,972

)

 

 

611

 

Fair value adjustments to contingent earnout obligations

 

 

2,712

 

 

 

-

 

Deferred income taxes

 

 

1,938

 

 

 

(4,580

)

Stock-based compensation expense

 

 

10,457

 

 

 

6,560

 

Net (gain) on marketable securities

 

 

(11,784

)

 

 

(2,854

)

Other

 

 

(10

)

 

 

250

 

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

 

 

 

 

 

 

 

 

Decrease in receivables

 

 

692

 

 

 

116,349

 

Decrease (increase) in inventory

 

 

43,395

 

 

 

(22,640

)

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

 

 

(5,526

)

 

 

(5,801

)

Increase (decrease) in accounts payable

 

 

4,945

 

 

 

(63,831

)

(Decrease) in accrued compensation and benefits

 

 

(55,368

)

 

 

(73,180

)

Increase in accrued losses

 

 

1,936

 

 

 

404

 

Increase in other accrued liabilities

 

 

109,399

 

 

 

50,588

 

Other

 

 

1,173

 

 

 

928

 

Cash Provided By Operating Activities

 

 

318,089

 

 

 

145,139

 

Cash Flows From Investing Activities:

 

 

 

 

 

 

 

 

Capital expenditures

 

 

(41,488

)

 

 

(36,602

)

Acquisition of businesses, net of cash acquired

 

 

-

 

 

 

(30,598

)

Purchase of marketable securities

 

 

(17,104

)

 

 

(9,996

)

Proceeds from sales of marketable securities

 

 

16,070

 

 

 

2,837

 

Other

 

 

244

 

 

 

(97

)

Cash (Used For) Investing Activities

 

 

(42,278

)

 

 

(74,456

)

Cash Flows From Financing Activities:

 

 

 

 

 

 

 

 

Additions to long-term and short-term debt

 

 

136

 

 

 

75,718

 

Reductions of long-term and short-term debt

 

 

(213,090

)

 

 

(874

)

Cash dividends

 

 

(46,622

)

 

 

(45,323

)

Repurchases of common stock

 

 

-

 

 

 

(100,000

)

Shares of common stock returned for taxes

 

 

(7,115

)

 

 

(6,127

)

Payments of acquisition-related contingent consideration

 

 

(2,217

)

 

 

(131

)

Other

 

 

-

 

 

 

(295

)

Cash (Used For) Financing Activities

 

 

(268,908

)

 

 

(77,032

)

Effect of Exchange Rate Changes on Cash and Cash Equivalents

 

 

11,446

 

 

 

(4,728

)

Net Change in Cash and Cash Equivalents

 

 

18,349

 

 

 

(11,077

)

Cash and Cash Equivalents at Beginning of Period

 

 

233,416

 

 

 

223,168

 

Cash and Cash Equivalents at End of Period

 

$

251,765

 

 

$

212,091

 

Supplemental Disclosures of Cash Flows Information:

 

 

 

 

 

 

 

 

Cash paid during the period for:

 

 

 

 

 

 

 

 

Interest

 

$

17,566

 

 

$

18,485

 

Income Taxes, net of refunds

 

$

16,845

 

 

$

11,295

 

 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

 

 

6


 

RPM INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(Unaudited)

(In thousands)

 

 

 

Common Stock

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

Total RPM

 

 

 

 

 

 

 

 

 

 

 

of

 

 

Par/Stated

 

 

Paid-In

 

 

Treasury

 

 

Comprehensive

 

 

Retained

 

 

International

 

 

Noncontrolling

 

 

Total

 

 

 

Shares

 

 

Value

 

 

Capital

 

 

Stock

 

 

Income (Loss)

 

 

Earnings

 

 

Inc. Equity

 

 

Interests

 

 

Equity

 

Balance at June 1, 2020

 

 

129,511

 

 

$

1,295

 

 

$

1,014,428

 

 

$

(580,117

)

 

$

(717,497

)

 

$

1,544,336