falsedesktopRPM2020-08-31000156459020046013{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Delaware\t02-0642224\n(State or other jurisdiction of incorporation or organization)\t(IRS Employer Identification No.)\nP.O. BOX 777; 2628 PEARL ROAD; MEDINA Ohio (Address of principal executive offices)\t44258 (Zip Code)\n", "q10k_tbl_1": "Large accelerated filer\t☒\tAccelerated filer\t☐\nNon-accelerated filer\t☐\tSmaller reporting company\t☐\nEmerging growth company\t☐\t\t\n", "q10k_tbl_2": "\t\tPage No.\nPART I. FINANCIAL INFORMATION\t\t\nItem 1.\tFinancial Statements:\t\n\tConsolidated Balance Sheets\t3\n\tConsolidated Statements of Income\t4\n\tConsolidated Statements of Comprehensive Income\t5\n\tConsolidated Statements of Cash Flows\t6\n\tConsolidated Statements of Stockholders' Equity\t7\n\tNotes to Consolidated Financial Statements\t8\nItem 2.\tManagement's Discussion and Analysis of Financial Condition and Results of Operations\t24\nItem 3.\tQuantitative and Qualitative Disclosures About Market Risk\t32\nItem 4.\tControls and Procedures\t32\nPART II. OTHER INFORMATION\t\t\nItem 1.\tLegal Proceedings\t33\nItem 1A.\tRisk Factors\t34\nItem 2.\tUnregistered Sale of Equity Securities and Use of Proceeds\t34\nItem 6.\tExhibits\t35\nSignatures\t\t36\n", "q10k_tbl_3": "\tAugust 31 2020\tMay 31 2020\nAssets\t\t\nCurrent Assets\t\t\nCash and cash equivalents\t251765\t233416\nTrade accounts receivable (less allowances of $55927 and $55847 respectively)\t1159130\t1137957\t\nInventories\t783472\t810448\nPrepaid expenses and other current assets\t262668\t241608\nTotal current assets\t2457035\t2423429\nProperty Plant and Equipment at Cost\t1803824\t1755190\nAllowance for depreciation\t(942849)\t(905504)\nProperty plant and equipment net\t860975\t849686\nOther Assets\t\t\nGoodwill\t1278534\t1250066\nOther intangible assets net of amortization\t583787\t584380\nOperating lease right-of-use assets\t283546\t284491\nDeferred income taxes\t36577\t30894\nOther\t193965\t208008\nTotal other assets\t2376409\t2357839\nTotal Assets\t5694419\t5630954\nLiabilities and Stockholders' Equity\t\t\nCurrent Liabilities\t\t\nAccounts payable\t525980\t535311\nCurrent portion of long-term debt\t45913\t80890\nAccrued compensation and benefits\t133880\t185531\nAccrued losses\t22269\t20021\nOther accrued liabilities\t364735\t271827\nTotal current liabilities\t1092777\t1093580\nLong-Term Liabilities\t\t\nLong-term debt less current maturities\t2297172\t2458290\nOperating lease liabilities\t242903\t244691\nOther long-term liabilities\t545707\t510175\nDeferred income taxes\t63789\t59555\nTotal long-term liabilities\t3149571\t3272711\nCommitments and contingencies (Note 13)\t\t\nStockholders' Equity\t\t\nPreferred stock par value $0.01; authorized 50000 shares; none issued\t0\t0\nCommon stock par value $0.01; authorized 300000 shares; issued 143813 and outstanding 129975 as of August 31 2020; issued 143261 and outstanding 129511 as of May 31 2020\t1300\t1295\nPaid-in capital\t1024879\t1014428\nTreasury stock at cost\t(587232)\t(580117)\nAccumulated other comprehensive (loss)\t(667662)\t(717497)\nRetained earnings\t1678309\t1544336\nTotal RPM International Inc. stockholders' equity\t1449594\t1262445\nNoncontrolling Interest\t2477\t2218\nTotal equity\t1452071\t1264663\nTotal Liabilities and Stockholders' Equity\t5694419\t5630954\n", "q10k_tbl_4": "\tThree Months Ended\t\n\tAugust 31\tAugust 31\n\t2020\t2019\nNet Sales\t1606670\t1472764\nCost of Sales\t953015\t898010\nGross Profit\t653655\t574754\nSelling General and Administrative Expenses\t395953\t400566\nRestructuring Charges\t4233\t6622\nInterest Expense\t21745\t28317\nInvestment (Income) Net\t(12763)\t(5385)\nOther Expense Net\t3118\t1785\nIncome Before Income Taxes\t241369\t142849\nProvision for Income Taxes\t60584\t36353\nNet Income\t180785\t106496\nLess: Net Income Attributable to Noncontrolling Interests\t190\t308\nNet Income Attributable to RPM International Inc. Stockholders\t180595\t106188\nAverage Number of Shares of Common Stock Outstanding:\t\t\nBasic\t128418\t128882\nDiluted\t128783\t129504\nEarnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:\t\t\nBasic\t1.39\t0.82\nDiluted\t1.39\t0.82\n", "q10k_tbl_5": "\tThree Months Ended\t\n\tAugust 31\tAugust 31\n\t2020\t2019\nNet Income\t180785\t106496\nOther comprehensive income (loss) net of tax:\t\t\nForeign currency translation adjustments (net of tax of $2862 and $0 respectively)\t64667\t(28434)\t\nPension and other postretirement benefit liability adjustments (net of tax of $786 and $1104 respectively)\t3260\t3623\nUnrealized gain on securities and other (net of tax benefit of $82 and tax $1 respectively)\t89\t371\nUnrealized gain (loss) on derivatives (net of tax of $5542 and $579 respectively)\t(18112)\t784\nTotal other comprehensive income (loss)\t49904\t(23656)\nTotal Comprehensive Income\t230689\t82840\nLess: Comprehensive Income Attributable to Noncontrolling Interests\t259\t277\nComprehensive Income Attributable to RPM International Inc. Stockholders\t230430\t82563\n", "q10k_tbl_6": "\tThree Months Ended\t\n\tAugust 31\tAugust 31\n\t2020\t2019\nCash Flows From Operating Activities:\t\t\nNet income\t180785\t106496\nAdjustments to reconcile net income to net cash provided by (used for) operating activities:\t\t\nDepreciation and amortization\t35317\t35839\nRestructuring charges net of payments\t(1972)\t611\nFair value adjustments to contingent earnout obligations\t2712\t0\nDeferred income taxes\t1938\t(4580)\nStock-based compensation expense\t10457\t6560\nNet (gain) on marketable securities\t(11784)\t(2854)\nOther\t(10)\t250\nChanges in assets and liabilities net of effect from purchases and sales of businesses:\t\t\nDecrease in receivables\t692\t116349\nDecrease (increase) in inventory\t43395\t(22640)\n(Increase) in prepaid expenses and other current and long-term assets\t(5526)\t(5801)\nIncrease (decrease) in accounts payable\t4945\t(63831)\n(Decrease) in accrued compensation and benefits\t(55368)\t(73180)\nIncrease in accrued losses\t1936\t404\nIncrease in other accrued liabilities\t109399\t50588\nOther\t1173\t928\nCash Provided By Operating Activities\t318089\t145139\nCash Flows From Investing Activities:\t\t\nCapital expenditures\t(41488)\t(36602)\nAcquisition of businesses net of cash acquired\t0\t(30598)\nPurchase of marketable securities\t(17104)\t(9996)\nProceeds from sales of marketable securities\t16070\t2837\nOther\t244\t(97)\nCash (Used For) Investing Activities\t(42278)\t(74456)\nCash Flows From Financing Activities:\t\t\nAdditions to long-term and short-term debt\t136\t75718\nReductions of long-term and short-term debt\t(213090)\t(874)\nCash dividends\t(46622)\t(45323)\nRepurchases of common stock\t0\t(100000)\nShares of common stock returned for taxes\t(7115)\t(6127)\nPayments of acquisition-related contingent consideration\t(2217)\t(131)\nOther\t0\t(295)\nCash (Used For) Financing Activities\t(268908)\t(77032)\nEffect of Exchange Rate Changes on Cash and Cash Equivalents\t11446\t(4728)\nNet Change in Cash and Cash Equivalents\t18349\t(11077)\nCash and Cash Equivalents at Beginning of Period\t233416\t223168\nCash and Cash Equivalents at End of Period\t251765\t212091\nSupplemental Disclosures of Cash Flows Information:\t\t\nCash paid during the period for:\t\t\nInterest\t17566\t18485\nIncome Taxes net of refunds\t16845\t11295\n", "q10k_tbl_7": "\tCommon Stock\t\t\t\tAccumulated\t\t\t\t\n\tNumber\t\t\t\tOther\t\tTotal RPM\t\t\n\tof\tPar/Stated\tPaid-In\tTreasury\tComprehensive\tRetained\tInternational\tNoncontrolling\tTotal\n\tShares\tValue\tCapital\tStock\tIncome (Loss)\tEarnings\tInc. Equity\tInterests\tEquity\nBalance at June 1 2020\t129511\t1295\t1014428\t(580117)\t(717497)\t1544336\t1262445\t2218\t1264663\nNet income\t0\t0\t0\t0\t0\t180595\t180595\t190\t180785\nOther comprehensive income\t0\t0\t0\t0\t49835\t0\t49835\t69\t49904\nDividends declared and paid ($0.36 per share)\t0\t0\t0\t0\t0\t(46622)\t(46622)\t0\t(46622)\nStock compensation expense and other deferred compensation shares granted less shares returned for taxes\t464\t5\t10451\t(7115)\t0\t0\t3341\t0\t3341\nBalance at August 31 2020\t129975\t1300\t1024879\t(587232)\t(667662)\t1678309\t1449594\t2477\t1452071\n", "q10k_tbl_8": "\tCommon Stock\t\t\t\tAccumulated\t\t\t\t\n\tNumber\t\t\t\tOther\t\tTotal RPM\t\t\n\tof\tPar/Stated\tPaid-In\tTreasury\tComprehensive\tRetained\tInternational\tNoncontrolling\tTotal\n\tShares\tValue\tCapital\tStock\tIncome (Loss)\tEarnings\tInc. Equity\tInterests\tEquity\nBalance at June 1 2019\t130995\t1310\t994508\t(437290)\t(577628)\t1425052\t1405952\t2653\t1408605\nNet income\t0\t0\t0\t0\t0\t106188\t106188\t308\t106496\nOther comprehensive (loss)\t0\t0\t0\t0\t(23625)\t0\t(23625)\t(31)\t(23656)\nDividends declared and paid ($0.35 per share)\t0\t0\t0\t0\t0\t(45323)\t(45323)\t0\t(45323)\nOther noncontrolling interest activity\t0\t0\t0\t0\t0\t0\t0\t(297)\t(297)\nShare repurchases under repurchase program\t(1656)\t(16)\t16\t(100000)\t0\t0\t(100000)\t0\t(100000)\nStock compensation expense and other deferred compensation shares granted less shares returned for taxes\t330\t3\t6557\t(6360)\t0\t0\t200\t0\t200\nBalance at August 31 2019\t129669\t1297\t1001081\t(543650)\t(601253)\t1485917\t1343392\t2633\t1346025\n", "q10k_tbl_9": "\tThree Months Ended\tThree Months Ended\tCumulative Costs\tTotal Expected\n(In thousands)\tAugust 31 2020\tAugust 31 2019\tto Date\tCosts\nConstruction Products Group (\"CPG\") Segment:\t\t\t\t\nSeverance and benefit costs (a)\t180\t160\t18274\t23132\nFacility closure and other related costs\t368\t688\t4845\t7453\nOther restructuring costs\t36\t0\t1976\t2070\nTotal Charges\t584\t848\t25095\t32655\nPerformance Coatings Group (\"PCG\") Segment:\t\t\t\t\nSeverance and benefit costs (b)\t1039\t2500\t14424\t16997\nFacility closure and other related costs\t288\t109\t5635\t7076\nOther restructuring costs\t29\t0\t630\t790\nTotal Charges\t1356\t2609\t20689\t24863\nConsumer Segment:\t\t\t\t\nSeverance and benefit costs (c)\t790\t767\t11257\t12204\nFacility closure and other related costs\t597\t516\t9534\t12075\nOther restructuring costs\t98\t0\t4217\t4384\nTotal Charges\t1485\t1283\t25008\t28663\nSpecialty Products Group (\"SPG\") Segment:\t\t\t\t\nSeverance and benefit costs (d)\t469\t366\t7399\t8757\nFacility closure and other related costs\t268\t1459\t4434\t6045\nOther restructuring costs\t71\t64\t1193\t1442\nTotal Charges\t808\t1889\t13026\t16244\nCorporate/Other Segment:\t\t\t\t\nSeverance and benefit costs\t0\t(7)\t13347\t13347\nTotal Charges\t0\t(7)\t13347\t13347\nConsolidated:\t\t\t\t\nSeverance and benefit costs\t2478\t3786\t64701\t74437\nFacility closure and other related costs\t1521\t2772\t24448\t32649\nOther restructuring costs\t234\t64\t8016\t8686\nTotal Charges\t4233\t6622\t97165\t115772\n", "q10k_tbl_10": "(In thousands)\tSeverance and Benefits Costs\tFacility Closure and Other Related Costs\tOther Restructuring Costs\tTotal\nBalance at June 1 2020\t7357\t5880\t0\t13237\nAdditions charged to expense\t2478\t1521\t234\t4233\nCash payments charged against reserve\t(4942)\t(1263)\t0\t(6205)\nNon-cash charges included above (e)\t0\t0\t(234)\t(234)\nBalance at August 31 2020\t4893\t6138\t0\t11031\n(In thousands)\tSeverance and Benefits Costs\tFacility Closure and Other Related Costs\tOther Restructuring Costs\tTotal\nBalance at June 1 2019\t4837\t7857\t0\t12694\nAdditions charged to expense\t3786\t2772\t64\t6622\nCash payments charged against reserve\t(5677)\t(334)\t0\t(6011)\nNon-cash charges included above (e)\t0\t(865)\t(64)\t(929)\nBalance at August 31 2019\t2946\t9430\t0\t12376\n", "q10k_tbl_11": "(In thousands)\tQuoted Prices in Active Markets for Identical Assets (Level 1)\tSignificant Other Observable Inputs (Level 2)\tSignificant Unobservable Inputs (Level 3)\tFair Value at August 31 2020\nAvailable-for-sale debt securities:\t\t\t\t\nU.S. Treasury and other government\t0\t26736\t0\t26736\nCorporate bonds\t0\t191\t0\t191\nTotal available-for-sale debt securities\t0\t26927\t0\t26927\nMarketable equity securities:\t\t\t\t\nStocks - domestic\t5806\t0\t0\t5806\nMutual funds - foreign\t0\t45053\t0\t45053\nMutual funds - domestic\t0\t55899\t0\t55899\nTotal marketable equity securities\t5806\t100952\t0\t106758\nContingent consideration\t0\t0\t(15928)\t(15928)\nTotal\t5806\t127879\t(15928)\t117757\n", "q10k_tbl_12": "(In thousands)\tQuoted Prices in Active Markets for Identical Assets (Level 1)\tSignificant Other Observable Inputs (Level 2)\tSignificant Unobservable Inputs (Level 3)\tFair Value at May 31 2020\nAvailable-for-sale debt securities:\t\t\t\t\nU.S. Treasury and other government\t0\t26736\t0\t26736\nCorporate bonds\t0\t186\t0\t186\nTotal available-for-sale debt securities\t0\t26922\t0\t26922\nMarketable equity securities:\t\t\t\t\nStocks - domestic\t3870\t0\t0\t3870\nMutual funds - foreign\t0\t28815\t0\t28815\nMutual funds - domestic\t0\t63536\t0\t63536\nTotal marketable equity securities\t3870\t92351\t0\t96221\nContingent consideration\t0\t0\t(15682)\t(15682)\nTotal\t3870\t119273\t(15682)\t107461\n", "q10k_tbl_13": "\tAt August 31 2020\t\n(In thousands)\tCarrying Value\tFair Value\nCash and cash equivalents\t251765\t251765\nMarketable equity securities\t106758\t106758\nAvailable-for-sale debt securities\t26927\t26927\nLong-term debt including current portion\t2343085\t2533117\n\tAt May 31 2020\t\n(In thousands)\tCarrying Value\tFair Value\nCash and cash equivalents\t233416\t233416\nMarketable equity securities\t87111\t87111\nAvailable-for-sale debt securities\t26922\t26922\nLong-term debt including current portion\t2539180\t2618719\n", "q10k_tbl_14": "\tPretax gain/(loss) recognized in AOCI\t\t\tPretax gain/(loss) reclassified from AOCI into income\t\n(In thousands)\tThree Months Ended\t\t\tThree Months Ended\t\nDerivatives in hedging relationships\tAugust 31 2020\tAugust 31 2019\tIncome statement location\tAugust 31 2020\tAugust 31 2019\nInterest rate swap (cash flow)\t(598)\t0\tInterest expense\t(766)\t0\nCross currency swap (cash flow)\t(7356)\t0\tInterest income\t191\t0\nCross currency swap (cash flow)\t0\t0\tForeign exchange (loss)\t(7455)\t0\nCross currency swap (net investment)\t(23133)\t1397\tGain or (loss) on sale of subsidiary\t0\t0\nTotal\t(31087)\t1397\t\t(8030)\t0\n", "q10k_tbl_15": "(In thousands)\t\tFair Value\t\nDerivatives Designated as Hedging Instruments\tBalance Sheet Location\tAugust 31 2020\tMay 31 2020\nAssets:\t\t\t\nCross Currency Swap (Net Investment)\tOther Current Assets\t5652\t5352\nCross Currency Swap (Cash Flow)\tOther Current Assets\t632\t750\nCross Currency Swap (Net Investment)\tOther Assets (Long-Term)\t0\t12409\nLiabilities:\t\t\t\nInterest Rate Swap (Cash Flow)\tOther Accrued Liabilities\t3238\t2981\nCross Currency Swap (Net Investment)\tOther Accrued Liabilities\t701\t294\nCross Currency Swap (Net Investment)\tOther Long-Term Liabilities\t29537\t18204\nCross Currency Swap (Cash Flow)\tOther Long-Term Liabilities\t11320\t3608\nInterest Rate Swap (Cash Flow)\tOther Long-Term Liabilities\t4761\t5187\n", "q10k_tbl_16": "\tThree Months Ended\t\n\tAugust 31\tAugust 31\n(In thousands)\t2020\t2019\nInterest (income)\t(667)\t(1348)\nNet (gain) on marketable securities\t(11784)\t(3540)\nDividend (income)\t(312)\t(497)\nInvestment (income) net\t(12763)\t(5385)\n", "q10k_tbl_17": "\tThree Months Ended\t\n\tAugust 31\tAugust 31\n(In thousands)\t2020\t2019\nUnrealized (gains) on marketable equity securities\t(13956)\t(3476)\nRealized (gains) losses on marketable equity securities\t2169\t(68)\nRealized losses on available-for-sale debt securities\t3\t4\nNet (gain) on marketable securities\t(11784)\t(3540)\n", "q10k_tbl_18": "\tThree Months Ended\t\n\tAugust 31\tAugust 31\n(In thousands)\t2020\t2019\nRoyalty (income) expense net\t(31)\t266\n(Income) expense related to unconsolidated equity affiliates\t(187)\t91\nPension non-service costs\t3336\t1428\nOther expense net\t3118\t1785\n", "q10k_tbl_19": "(In thousands)\tAugust 31 2020\tMay 31 2020\nRaw material and supplies\t310346\t282579\nFinished goods\t473126\t527869\nTotal Inventory Net of Reserves\t783472\t810448\n", "q10k_tbl_20": "\tThree Months Ended\t\n\tAugust 31\tAugust 31\n(In thousands except per share amounts)\t2020\t2019\nNumerator for earnings per share:\t\t\nNet income attributable to RPM International Inc. stockholders\t180595\t106188\nLess: Allocation of earnings and dividends to participating securities\t(1552)\t(623)\nNet income available to common shareholders - basic\t179043\t105565\nAdd: Undistributed earnings reallocated to unvested shareholders\t4\t2\nNet income available to common shareholders - diluted\t179047\t105567\nDenominator for basic and diluted earnings per share:\t\t\nBasic weighted average common shares\t128418\t128882\nAverage diluted options and awards\t365\t622\nTotal shares for diluted earnings per share (1)\t128783\t129504\nEarnings Per Share of Common Stock Attributable to\t\t\nRPM International Inc. Stockholders:\t\t\nBasic Earnings Per Share of Common Stock\t1.39\t0.82\nMethod used to calculate basic earnings per share\tTwo-class\tTwo-class\nDiluted Earnings Per Share of Common Stock\t1.39\t0.82\nMethod used to calculate diluted earnings per share\tTwo-class\tTwo-class\n", "q10k_tbl_21": "\tU.S. Plans\t\tNon-U.S. Plans\t\n\tThree Months Ended\t\tThree Months Ended\t\n(In thousands)\tAugust 31\tAugust 31\tAugust 31\tAugust 31\nPension Benefits\t2020\t2019\t2020\t2019\nService cost\t11130\t9856\t1406\t1391\nInterest cost\t3806\t5104\t1122\t1193\nExpected return on plan assets\t(8279)\t(8573)\t(1607)\t(1834)\nAmortization of:\t\t\t\t\nPrior service cost (credit)\t2\t2\t(35)\t(9)\nNet actuarial losses recognized\t7501\t4629\t526\t523\nNet Periodic Benefit Cost\t14160\t11018\t1412\t1264\n", "q10k_tbl_22": "\tU.S. Plans\t\tNon-U.S. Plans\t\n\tThree Months Ended\t\tThree Months Ended\t\n(In thousands)\tAugust 31\tAugust 31\tAugust 31\tAugust 31\nPostretirement Benefits\t2020\t2019\t2020\t2019\nService cost\t0\t0\t431\t429\nInterest cost\t19\t37\t283\t282\nAmortization of:\t\t\t\t\nPrior service (credit)\t(42)\t(55)\t0\t0\nNet actuarial (gains) losses recognized\t10\t(16)\t130\t158\nNet Periodic Benefit (Credit) Cost\t(13)\t(34)\t844\t869\n", "q10k_tbl_23": "\tThree Months Ended\t\n\tAugust 31\tAugust 31\n(In thousands)\t2020\t2019\nBeginning Balance\t11106\t10414\nDeductions (1)\t(5930)\t(5513)\nProvision charged to expense\t7660\t5168\nEnding Balance\t12836\t10069\n", "q10k_tbl_24": "(In thousands except percents)\tAugust 31 2020\tMay 31 2020\t Change\t% Change\nTrade accounts receivable less allowances\t1159130\t1137957\t21173\t1.9%\nContract assets\t36292\t25249\t11043\t43.7%\nContract liabilities - short-term\t(25605)\t(25288)\t(317)\t1.3%\nNet Contract Assets (Liabilities)\t10687\t(39)\t10726\t\n", "q10k_tbl_25": "(In thousands)\t\nBalance at June 1 2020\t55847\nBad debt expense\t1274\nUncollectible accounts written off net of recoveries\t(2854)\nTranslation adjustments\t1660\nBalance at August 31 2020\t55927\n", "q10k_tbl_26": "Three Months Ended August 31 2020\tCPG Segment\tPCG Segment\tConsumer Segment\tSPG Segment\tConsolidated\n(In thousands)\t\t\t\t\t\nNet Sales (based on shipping location)\t\t\t\t\t\nUnited States\t327961\t156062\t509584\t133497\t1127104\nForeign\t\t\t\t\t\nCanada\t55642\t17112\t48908\t1920\t123582\nEurope\t108720\t63634\t67610\t16996\t256960\nLatin America\t34853\t5594\t7392\t465\t48304\nAsia Pacific\t17639\t4886\t7674\t5146\t35345\nOther Foreign\t2875\t12500\t0\t0\t15375\nTotal Foreign\t219729\t103726\t131584\t24527\t479566\nTotal\t547690\t259788\t641168\t158024\t1606670\nThree Months Ended August 31 2019\tCPG Segment\tPCG Segment\tConsumer Segment\tSPG Segment\tConsolidated\n(In thousands)\t\t\t\t\t\nNet Sales (based on shipping location)\t\t\t\t\t\nUnited States\t307659\t181906\t381229\t131731\t1002525\nForeign\t\t\t\t\t\nCanada\t50443\t20973\t32505\t2228\t106149\nEurope\t114302\t64459\t51009\t20839\t250609\nLatin America\t42847\t8441\t6315\t432\t58035\nAsia Pacific\t20396\t7424\t6181\t4858\t38859\nOther Foreign\t458\t14038\t2091\t0\t16587\nTotal Foreign\t228446\t115335\t98101\t28357\t470239\nTotal\t536105\t297241\t479330\t160088\t1472764\n", "q10k_tbl_27": "\tThree Months Ended\t\n(In thousands)\tAugust 31\tAugust 31\nIncome (Loss) Before Income Taxes\t2020\t2019\nCPG Segment\t98349\t82680\nPCG Segment\t28514\t28057\nConsumer Segment\t132722\t59158\nSPG Segment\t20449\t23327\nCorporate/Other\t(38665)\t(50373)\nConsolidated\t241369\t142849\n", "q10k_tbl_28": "(In thousands)\tAugust 31\tMay 31\nIdentifiable Assets\t2020\t2020\nCPG Segment\t1664612\t1622632\nPCG Segment\t949224\t925569\nConsumer Segment\t2104448\t2067017\nSPG Segment\t734132\t728449\nCorporate/Other\t242003\t287287\nConsolidated\t5694419\t5630954\n", "q10k_tbl_29": "\tCPG\tPCG\tConsumer\tSPG\t\n(In thousands)\tSegment\tSegment\tSegment\tSegment\tTotal\nBalance as of May 31 2020\t405354\t185404\t496218\t163090\t1250066\nTranslation adjustments & other\t21396\t265\t4075\t2732\t28468\nBalance as of August 31 2020\t426750\t185669\t500293\t165822\t1278534\n", "q10k_tbl_30": "\tThree Months Ended\t\n\tAugust 31\tAugust 31\n(In thousands)\t2020\t2019\nNet Sales\t\t\nCPG Segment\t547690\t536105\nPCG Segment\t259788\t297241\nConsumer Segment\t641168\t479330\nSPG Segment\t158024\t160088\nConsolidated\t1606670\t1472764\nIncome Before Income Taxes (a)\t\t\nCPG Segment\t\t\nIncome Before Income Taxes (a)\t98349\t82680\nInterest (Expense) Net (b)\t(2110)\t(2027)\nEBIT (c)\t100459\t84707\nPCG Segment\t\t\nIncome Before Income Taxes (a)\t28514\t28057\nInterest (Expense) Net (b)\t(31)\t(129)\nEBIT (c)\t28545\t28186\nConsumer Segment\t\t\nIncome Before Income Taxes (a)\t132722\t59158\nInterest (Expense) Net (b)\t(62)\t(105)\nEBIT (c)\t132784\t59263\nSPG Segment\t\t\nIncome Before Income Taxes (a)\t20449\t23327\nInterest Income (Expense) Net (b)\t(82)\t26\nEBIT (c)\t20531\t23301\nCorporate/Other\t\t\n(Loss) Before Income Taxes (a)\t(38665)\t(50373)\nInterest (Expense) Net (b)\t(6697)\t(20697)\nEBIT (c)\t(31968)\t(29676)\nConsolidated\t\t\nNet Income\t180785\t106496\nAdd: Provision for Income Taxes\t60584\t36353\nIncome Before Income Taxes (a)\t241369\t142849\nInterest (Expense)\t(21745)\t(28317)\nInvestment Income Net\t12763\t5385\nEBIT (c)\t250351\t165781\n", "q10k_tbl_31": "\t\t\t\tMaximum\n\t\t\tTotal Number\tDollar Amount\n\t\t\tof Shares\tthat\n\t\t\tPurchased as\tMay Yet be\n\t\t\tPart of Publicly\tPurchased\n\tTotal Number\tAverage\tAnnounced\tUnder the\n\tof Shares\tPrice Paid\tPlans or\tPlans or\nPeriod\tPurchased(1)\tPer Share\tPrograms\tPrograms(2)\nJune 1 2020 through June 30 2020\t4793\t73.64\t0\t\nJuly 1 2020 through July 31 2020\t79275\t81.49\t0\t\nAugust 1 2020 through August 31 2020\t3584\t83.87\t0\t\nTotal - First Quarter\t87652\t81.15\t0\t\n", "q10k_tbl_32": "Exhibit Number\tDescription\n10.1\tEmployment Agreement by and between the Company and Michael H. Sullivan Vice President - Operations and Chief Restructuring Officer.(x)\n10.2\tAmendment No. 7 to Second Amended and Restated Receivables Sale Agreement dated as of June 5 2020 which is incorporated by reference to Exhibit 10.3.7 to the Company's Annual Report on Form 10-K as filed with the Securities and Exchange Commission on July 27 2020 (File No. 1-14187).\n31.1\tRule 13a-14(a) Certification of the Company's Chief Executive Officer.(x)\n31.2\tRule 13a-14(a) Certification of the Company's Chief Financial Officer.(x)\n32.1\tSection 1350 Certification of the Company's Chief Executive Officer.(x)\n32.2\tSection 1350 Certification of the Company's Chief Financial Officer.(x)\n101.INS\tInline XBRL Instance Document- the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.\n101.SCH\tInline XBRL Taxonomy Extension Schema Document.\n101.PRE\tInline XBRL Taxonomy Extension Presentation Linkbase Document.\n101.DEF\tInline XBRL Taxonomy Extension Definition Linkbase Document.\n101.CAL\tInline XBRL Taxonomy Extension Calculation Linkbase Document.\n101.LAB\tInline XBRL Taxonomy Extension Label Linkbase Document.\n104\tThe cover page from the Company's Quarterly Report on Form 10-Q for the quarter ended August 31 2020 has been formatted in Inline XBRL\n"}{"bs": "q10k_tbl_3", "is": "q10k_tbl_4", "cf": "q10k_tbl_6"}None
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)
(330) 273-5090
(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.