10-Q 1 rpm-20231130.htm 10-Q 10-Q
Q2--05-310000110621false2024http://fasb.org/us-gaap/2023#RestructuringChargeshttp://fasb.org/us-gaap/2023#RestructuringChargeshttp://fasb.org/us-gaap/2023#RestructuringChargeshttp://fasb.org/us-gaap/2023#RestructuringChargeshttp://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpensehttp://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpense0000110621us-gaap:ParentMember2022-08-310000110621us-gaap:ParentMember2022-06-012022-08-310000110621us-gaap:PensionPlansDefinedBenefitMembercountry:US2022-06-012022-11-300000110621us-gaap:RetainedEarningsMember2022-11-300000110621us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:NoncontrollingInterestMember2022-09-012022-11-300000110621rpm:SpecialtyProductsGroupSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMember2022-09-012022-11-3000001106212022-06-012022-11-300000110621rpm:StocksMemberus-gaap:FairValueInputsLevel1Membercountry:USus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:AdditionalPaidInCapitalMember2023-06-012023-08-310000110621us-gaap:CommonStockMember2023-06-012023-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:AsiaPacificMember2023-09-012023-11-300000110621us-gaap:StockCompensationPlanMember2023-06-012023-11-300000110621us-gaap:CorporateNonSegmentMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:AsiaPacificMember2022-06-012022-11-300000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMember2023-09-012023-11-3000001106212021-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:CA2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMember2023-06-012023-11-300000110621us-gaap:AccumulatedTranslationAdjustmentMember2022-11-300000110621us-gaap:NonUsMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMember2022-06-012022-11-300000110621us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-05-310000110621us-gaap:TreasuryStockCommonMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMembercountry:US2023-09-012023-11-300000110621rpm:PerformanceCoatingsGroupSegmentMember2023-06-012023-06-010000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMemberrpm:OtherForeignCountryMember2022-09-012022-11-300000110621us-gaap:TreasuryStockCommonMember2023-05-310000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMembercountry:US2022-09-012022-11-300000110621us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:CorporateAndOtherMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-3000001106212021-01-3100001106212023-09-012023-11-300000110621us-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-08-310000110621rpm:MarginAccelerationPlanToGrowthPlanMember2022-06-012022-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-09-012023-11-300000110621us-gaap:CorporateNonSegmentMember2022-09-012022-11-300000110621rpm:ConsumerSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-300000110621us-gaap:CorporateAndOtherMemberus-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621us-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-300000110621us-gaap:RetainedEarningsMember2023-06-012023-08-310000110621us-gaap:StockCompensationPlanMember2022-06-012022-11-300000110621rpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMemberus-gaap:OtherRestructuringMember2023-09-012023-11-300000110621rpm:SubsidiarysAppealIncludingAvailableContractualArgumentsMember2023-11-300000110621us-gaap:CommonStockMember2023-11-300000110621us-gaap:CorporateNonSegmentMember2022-06-012022-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConsumerSegmentMember2022-09-012022-11-300000110621us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-08-310000110621rpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMemberus-gaap:OtherRestructuringMember2023-06-012023-11-300000110621us-gaap:ParentMember2022-05-310000110621us-gaap:CorporateAndOtherMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-300000110621us-gaap:AdditionalPaidInCapitalMember2022-09-012022-11-300000110621us-gaap:NonUsMembersrt:AsiaPacificMember2023-06-012023-11-300000110621rpm:ConstructionProductsSegmentMemberus-gaap:FacilityClosingMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-300000110621rpm:UniversalSealantsRestructuringMemberrpm:UniversalSealantsMember2023-06-012023-08-310000110621us-gaap:RetainedEarningsMember2022-09-012022-11-300000110621us-gaap:AdditionalPaidInCapitalMember2023-08-310000110621us-gaap:ParentMember2023-09-012023-11-300000110621us-gaap:RetainedEarningsMember2023-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:CA2023-09-012023-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:MutualFundMembercountry:USus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621rpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMemberus-gaap:OtherRestructuringMember2023-11-300000110621us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMembercountry:US2022-06-012022-11-300000110621us-gaap:ForeignPlanMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-09-012022-11-300000110621us-gaap:NonUsMemberus-gaap:MutualFundMemberus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:JudicialRulingMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:EuropeMember2022-09-012022-11-300000110621us-gaap:OperatingSegmentsMembercountry:USrpm:ConstructionProductsGroupSegmentMember2022-09-012022-11-300000110621us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-05-310000110621us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMembercountry:USrpm:ConstructionProductsGroupSegmentMember2023-09-012023-11-300000110621rpm:MarginAchievementPlanTwentyTwentyFiveMemberus-gaap:OtherRestructuringMember2023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConstructionProductsGroupSegmentMember2022-06-012022-11-300000110621us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-08-310000110621rpm:StocksMemberus-gaap:NonUsMemberus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621rpm:StocksMemberus-gaap:NonUsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-11-300000110621us-gaap:RetainedEarningsMember2023-11-300000110621us-gaap:TreasuryStockCommonMember2023-11-300000110621us-gaap:RetainedEarningsMember2023-09-012023-11-3000001106212022-11-300000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMember2022-09-012022-11-300000110621country:US2023-09-012023-11-300000110621us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-08-310000110621us-gaap:TreasuryStockCommonMember2023-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembercountry:CArpm:ConstructionProductsGroupSegmentMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConstructionProductsGroupSegmentMember2022-09-012022-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-05-310000110621us-gaap:NonUsMemberrpm:OtherForeignCountryMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConstructionProductsGroupSegmentMember2023-06-012023-11-300000110621us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-08-310000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMember2023-11-300000110621us-gaap:FacilityClosingMemberrpm:ConsumerSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembercountry:CA2023-06-012023-11-300000110621rpm:MarginAchievementPlanTwentyTwentyFiveMemberus-gaap:OtherRestructuringMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMember2023-09-012023-11-300000110621us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-11-300000110621country:US2022-06-012022-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembercountry:CA2022-09-012022-11-300000110621us-gaap:FacilityClosingMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMember2022-06-012022-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:NonUsMemberus-gaap:MutualFundMemberus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:CorporateNonSegmentMember2023-11-300000110621rpm:ContingentConsiderationLiabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:SpecialtyProductsGroupSegmentMember2022-06-012022-11-300000110621us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2022-09-012022-11-300000110621rpm:SubsidiarysAppealIncludingAvailableContractualArgumentsMember2023-11-152023-11-150000110621rpm:ContingentConsiderationLiabilityMemberus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:NoncontrollingInterestMember2023-06-012023-08-310000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMember2023-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembercountry:CA2023-09-012023-11-300000110621us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-09-012023-11-300000110621us-gaap:NonUsMembersrt:LatinAmericaMember2023-09-012023-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:NonUsMemberus-gaap:MutualFundMemberus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:AccumulatedTranslationAdjustmentMember2023-05-310000110621us-gaap:FairValueInputsLevel2Memberus-gaap:MutualFundMembercountry:USus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMemberrpm:OtherForeignCountryMember2022-06-012022-11-300000110621us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:FacilityClosingMemberrpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMember2023-06-012023-11-300000110621us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-09-012022-11-3000001106212021-01-012021-01-310000110621us-gaap:TradeNamesMemberrpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMemberus-gaap:OtherRestructuringMember2023-06-012023-08-3100001106212023-05-3100001106212023-08-310000110621us-gaap:ParentMember2022-09-012022-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:EuropeMember2023-06-012023-11-300000110621us-gaap:NoncontrollingInterestMember2023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConstructionProductsGroupSegmentMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:EuropeMember2023-09-012023-11-300000110621us-gaap:TreasuryStockCommonMember2022-06-012022-08-310000110621us-gaap:AdditionalPaidInCapitalMember2022-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:CA2022-09-012022-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConstructionProductsGroupSegmentMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:CA2023-09-012023-11-300000110621us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMembercountry:US2022-09-012022-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConstructionProductsGroupSegmentMember2023-11-300000110621us-gaap:AdditionalPaidInCapitalMember2023-11-300000110621us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-05-310000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621us-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621rpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:CA2022-06-012022-11-300000110621us-gaap:CommonStockMember2022-05-310000110621us-gaap:JudicialRulingMember2023-09-012023-11-300000110621us-gaap:ParentMember2023-08-310000110621us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-08-3100001106212023-11-300000110621us-gaap:NonUsMembersrt:EuropeMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMembersrt:EuropeMember2023-06-012023-11-300000110621us-gaap:EmployeeSeveranceMemberrpm:SpecialtyProductsGroupSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-012022-11-300000110621us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-09-012022-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:CA2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:AsiaPacificMember2023-06-012023-11-300000110621us-gaap:CommonStockMember2022-09-012022-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-09-012022-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembercountry:CA2022-06-012022-11-300000110621us-gaap:FacilityClosingMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-08-310000110621us-gaap:PensionPlansDefinedBenefitMembercountry:US2023-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMember2022-09-012022-11-300000110621us-gaap:ParentMember2023-05-310000110621us-gaap:TreasuryStockCommonMember2022-11-300000110621us-gaap:AccumulatedTranslationAdjustmentMember2023-08-310000110621us-gaap:NoncontrollingInterestMember2022-08-3100001106212022-08-310000110621us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-11-300000110621us-gaap:TradeNamesMemberrpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMemberus-gaap:OtherRestructuringMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembercountry:CArpm:ConstructionProductsGroupSegmentMember2022-06-012022-11-300000110621us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:TreasuryStockCommonMember2022-05-310000110621us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2022-06-012022-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConsumerSegmentMember2022-06-012022-11-300000110621us-gaap:EmployeeSeveranceMemberrpm:ConsumerSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-11-300000110621us-gaap:AdditionalPaidInCapitalMember2022-06-012022-08-310000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:AsiaPacificMember2022-09-012022-11-300000110621us-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMember2022-06-012022-11-300000110621us-gaap:RetainedEarningsMember2022-08-310000110621us-gaap:AdditionalPaidInCapitalMember2022-05-310000110621us-gaap:PensionPlansDefinedBenefitMembercountry:US2022-09-012022-11-300000110621us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-05-310000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMember2023-06-012023-11-300000110621us-gaap:NonUsMembercountry:CA2023-06-012023-11-300000110621us-gaap:NonUsMember2022-06-012022-11-300000110621us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2023-09-012023-11-300000110621us-gaap:ForeignPlanMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:AsiaPacificMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMember2023-06-012023-11-300000110621country:US2022-09-012022-11-300000110621us-gaap:EmployeeSeveranceMemberrpm:ConsumerSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:AsiaPacificMember2023-09-012023-11-300000110621us-gaap:TreasuryStockCommonMember2022-08-310000110621rpm:ConstructionProductsSegmentMemberus-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621rpm:ConsumerSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621us-gaap:CorporateNonSegmentMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:US2022-06-012022-11-300000110621us-gaap:AccumulatedTranslationAdjustmentMember2022-08-310000110621us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621rpm:StocksMemberus-gaap:NonUsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMember2022-09-012022-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-012023-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-08-310000110621us-gaap:MutualFundMembercountry:USus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMembersrt:EuropeMember2023-09-012023-11-300000110621us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-09-012022-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-300000110621country:US2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConstructionProductsGroupSegmentMember2022-09-012022-11-300000110621us-gaap:NoncontrollingInterestMember2023-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:SpecialtyProductsGroupSegmentMember2022-09-012022-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:EuropeMember2022-06-012022-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConstructionProductsGroupSegmentMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMember2022-06-012022-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:US2022-09-012022-11-300000110621us-gaap:NonUsMemberrpm:OtherForeignCountryMember2023-06-012023-11-300000110621us-gaap:NoncontrollingInterestMember2023-09-012023-11-300000110621us-gaap:FacilityClosingMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMembercountry:CA2022-09-012022-11-300000110621rpm:ConsumerSegmentMemberus-gaap:FacilityClosingMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-300000110621us-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-05-310000110621us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-11-300000110621us-gaap:CommonStockMember2023-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConsumerSegmentMember2023-06-012023-11-300000110621us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-08-310000110621us-gaap:ParentMember2022-11-300000110621us-gaap:FacilityClosingMemberrpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMember2023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:EuropeMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:EuropeMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMember2022-09-012022-11-300000110621us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2023-06-012023-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-11-3000001106212022-09-012022-11-300000110621us-gaap:FacilityClosingMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621us-gaap:NonUsMember2023-09-012023-11-300000110621us-gaap:ShortTermContractWithCustomerMember2023-06-012023-11-300000110621us-gaap:NoncontrollingInterestMember2022-05-3100001106212021-12-102021-12-1000001106212023-06-012023-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:CA2022-09-012022-11-300000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:US2023-06-012023-11-300000110621us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMembercountry:US2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:AsiaPacificMember2022-09-012022-11-300000110621rpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMember2023-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-05-310000110621us-gaap:CommonStockMember2022-06-012022-08-310000110621us-gaap:ForeignPlanMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-06-012022-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:SpecialtyProductsGroupSegmentMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMembercountry:US2023-06-012023-11-300000110621rpm:MarginAchievementPlanTwentyTwentyFiveMemberus-gaap:OtherRestructuringMember2023-05-310000110621rpm:StocksMemberus-gaap:NonUsMemberus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMember2023-06-012023-11-300000110621us-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMember2023-11-300000110621us-gaap:FacilityClosingMemberrpm:SpecialtyProductsGroupSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMember2023-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:EuropeMember2022-09-012022-11-300000110621us-gaap:FacilityClosingMemberrpm:SpecialtyProductsGroupSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-300000110621us-gaap:AccumulatedTranslationAdjustmentMember2023-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMember2022-06-012022-11-300000110621us-gaap:NoncontrollingInterestMember2022-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMembercountry:US2022-06-012022-11-300000110621us-gaap:CorporateAndOtherMemberus-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:CommonStockMember2022-11-300000110621us-gaap:CorporateAndOtherMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:US2022-09-012022-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:EuropeMember2022-06-012022-11-300000110621us-gaap:TreasuryStockCommonMember2023-06-012023-08-310000110621us-gaap:ParentMember2023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConsumerSegmentMember2023-09-012023-11-300000110621rpm:MarginAchievementPlanTwentyTwentyFiveMemberus-gaap:OtherRestructuringMember2023-09-012023-11-300000110621us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-11-3000001106212022-06-012022-08-310000110621us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:NoncontrollingInterestMember2023-05-310000110621us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2023-05-310000110621rpm:ContingentConsiderationLiabilityMemberus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:AsiaPacificMember2022-06-012022-11-300000110621us-gaap:AccumulatedTranslationAdjustmentMember2022-09-012022-11-300000110621rpm:ContingentConsiderationLiabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:ForeignPlanMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConstructionProductsGroupSegmentMember2022-06-012022-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:US2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMember2023-11-300000110621us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-11-300000110621us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-05-310000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-012023-08-310000110621us-gaap:NonUsMembersrt:AsiaPacificMember2022-06-012022-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:EuropeMember2022-06-012022-11-300000110621us-gaap:NonUsMembercountry:CA2022-09-012022-11-300000110621us-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621rpm:ConstructionProductsSegmentMemberus-gaap:FacilityClosingMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:PerformanceCoatingsGroupSegmentMember2023-06-012023-11-300000110621rpm:ConstructionProductsSegmentMemberus-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-300000110621us-gaap:NonUsMemberrpm:OtherForeignCountryMember2022-09-012022-11-300000110621us-gaap:NonUsMembersrt:LatinAmericaMember2022-09-012022-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:EuropeMember2023-06-012023-11-300000110621rpm:ConsumerSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-300000110621us-gaap:EmployeeSeveranceMemberrpm:ConsumerSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-300000110621us-gaap:StockCompensationPlanMember2023-09-012023-11-300000110621us-gaap:AdditionalPaidInCapitalMember2023-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMember2023-06-012023-11-300000110621us-gaap:AccumulatedTranslationAdjustmentMember2022-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:PerformanceCoatingsGroupSegmentMember2023-09-012023-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMember2023-06-012023-11-300000110621us-gaap:TreasuryStockCommonMember2022-09-012022-11-300000110621us-gaap:RetainedEarningsMember2023-05-310000110621us-gaap:CommonStockMember2023-09-012023-11-300000110621us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMemberrpm:OtherForeignCountryMember2023-06-012023-11-300000110621us-gaap:PensionPlansDefinedBenefitMembercountry:US2023-06-012023-11-300000110621rpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMember2023-09-012023-11-300000110621us-gaap:TradeNamesMemberrpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMemberus-gaap:OtherRestructuringMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:AsiaPacificMember2022-06-012022-11-300000110621us-gaap:NonUsMembersrt:EuropeMember2022-06-012022-11-300000110621us-gaap:CommonStockMember2023-08-3100001106212023-12-270000110621us-gaap:EmployeeSeveranceMemberrpm:SpecialtyProductsGroupSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-300000110621us-gaap:FacilityClosingMemberrpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:AsiaPacificMember2023-06-012023-11-300000110621us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-05-310000110621us-gaap:NonUsMembersrt:AsiaPacificMember2023-09-012023-11-300000110621rpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMember2022-09-012022-11-300000110621us-gaap:CommonStockMember2022-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:PerformanceCoatingsGroupSegmentMember2022-09-012022-11-300000110621rpm:SpecialtyProductsGroupSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621us-gaap:NonUsMemberrpm:OtherForeignCountryMember2022-06-012022-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMember2023-09-012023-11-300000110621us-gaap:NonUsMembersrt:LatinAmericaMember2022-06-012022-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMember2022-06-012022-11-300000110621rpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMember2023-06-012023-11-300000110621us-gaap:NonUsMember2022-09-012022-11-300000110621rpm:StocksMembercountry:USus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:US2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:EuropeMember2023-09-012023-11-300000110621us-gaap:MutualFundMembercountry:USus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:NonUsMembersrt:LatinAmericaMember2023-06-012023-11-300000110621us-gaap:NoncontrollingInterestMember2022-06-012022-08-310000110621us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMember2023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembercountry:CArpm:ConstructionProductsGroupSegmentMember2023-06-012023-11-300000110621us-gaap:NonUsMembercountry:CA2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:AsiaPacificMember2022-09-012022-11-300000110621us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMembersrt:EuropeMember2022-06-012022-11-300000110621us-gaap:AccumulatedTranslationAdjustmentMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMember2023-09-012023-11-300000110621us-gaap:AccumulatedTranslationAdjustmentMember2023-06-012023-11-300000110621us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-06-012022-11-300000110621us-gaap:RetainedEarningsMember2022-06-012022-08-310000110621rpm:StocksMembercountry:USus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:EuropeMember2022-09-012022-11-300000110621us-gaap:AdditionalPaidInCapitalMember2022-08-310000110621us-gaap:OperatingSegmentsMembercountry:USrpm:ConstructionProductsGroupSegmentMember2023-06-012023-11-300000110621us-gaap:PensionPlansDefinedBenefitMembercountry:US2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMember2022-09-012022-11-300000110621us-gaap:NonUsMembersrt:EuropeMember2022-09-012022-11-300000110621rpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-300000110621us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-06-012023-11-300000110621us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-06-012023-11-300000110621rpm:TermLoanMemberus-gaap:SubsequentEventMember2023-12-272023-12-270000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:CA2022-06-012022-11-300000110621rpm:ConstructionProductsSegmentMemberus-gaap:FacilityClosingMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-300000110621rpm:ConsumerSegmentMemberus-gaap:FacilityClosingMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-300000110621us-gaap:RetainedEarningsMember2022-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMemberrpm:OtherForeignCountryMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMembercountry:USrpm:ConstructionProductsGroupSegmentMember2022-06-012022-11-300000110621us-gaap:StockCompensationPlanMember2022-09-012022-11-300000110621us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-09-012023-11-300000110621us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-05-310000110621us-gaap:NonUsMembercountry:CA2022-06-012022-11-300000110621us-gaap:NonUsMembersrt:AsiaPacificMember2022-09-012022-11-300000110621us-gaap:NonUsMemberus-gaap:MutualFundMemberus-gaap:FairValueMeasurementsRecurringMember2023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMember2022-06-012022-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:EmployeeSeveranceMemberrpm:SpecialtyProductsGroupSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-3000001106212023-06-012023-08-310000110621rpm:MarginAchievementPlanTwentyTwentyFiveMember2023-08-310000110621rpm:StocksMemberus-gaap:FairValueInputsLevel1Membercountry:USus-gaap:FairValueMeasurementsRecurringMember2023-05-310000110621us-gaap:FacilityClosingMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-05-310000110621rpm:MarginAchievementPlanTwentyTwentyFiveMemberus-gaap:OtherRestructuringMember2023-08-310000110621us-gaap:ParentMember2023-06-012023-08-3100001106212022-05-310000110621us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMembercountry:US2023-06-012023-11-300000110621rpm:ConstructionProductsSegmentMemberus-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-300000110621rpm:SpecialtyProductsGroupSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMember2023-06-012023-11-300000110621us-gaap:AccumulatedTranslationAdjustmentMember2022-06-012022-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConstructionProductsGroupSegmentMember2023-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:PerformanceCoatingsGroupSegmentMember2022-06-012022-11-300000110621us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-06-012022-11-300000110621us-gaap:FacilityClosingMemberrpm:SpecialtyProductsGroupSegmentMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMember2023-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMembersrt:EuropeMember2022-09-012022-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMember2022-09-012022-11-300000110621us-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMemberrpm:PerformanceCoatingsSegmentMember2023-09-012023-11-300000110621us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-11-300000110621rpm:MarginAchievementPlanTwentyTwentyFiveMember2023-05-310000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:US2023-09-012023-11-300000110621us-gaap:CorporateAndOtherMemberus-gaap:EmployeeSeveranceMemberrpm:MarginAchievementPlanTwentyTwentyFiveMember2023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:SpecialtyProductsGroupSegmentMember2023-09-012023-11-300000110621us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-06-012022-11-300000110621us-gaap:AdditionalPaidInCapitalMember2023-09-012023-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:AsiaPacificMemberrpm:SpecialtyProductsGroupSegmentMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:US2022-06-012022-11-300000110621us-gaap:NonUsMembersrt:EuropeMember2023-06-012023-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMember2023-06-012023-11-300000110621us-gaap:CorporateNonSegmentMember2023-05-310000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-012022-08-310000110621rpm:TermLoanMember2023-06-012023-11-30xbrli:purerpm:Segmentxbrli:sharesiso4217:USDiso4217:USDxbrli:shares

 

 

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 November 30, 2023,

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.)

 

 

 

2628 PEARL ROAD;

MEDINA, Ohio

(Address of principal executive offices)

 

44256

(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 December 27, 2023, the registrant had 128,872,166 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:

 

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

 

8

Item 2.

 

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

 

23

Item 3.

 

Quantitative and Qualitative Disclosures About Market Risk

 

33

Item 4.

 

Controls and Procedures

 

33

 

 

 

 

 

PART II. OTHER INFORMATION

 

 

 

 

 

 

 

Item 1.

 

Legal Proceedings

 

34

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)

 

 

November 30, 2023

 

 

May 31, 2023

 

Assets

 

 

 

 

 

 

Current Assets

 

 

 

 

 

 

Cash and cash equivalents

 

$

262,746

 

 

$

215,787

 

Trade accounts receivable (less allowances of $57,448 and $49,482, respectively)

 

 

1,233,340

 

 

 

1,503,040

 

Inventories

 

 

1,102,815

 

 

 

1,135,496

 

Prepaid expenses and other current assets

 

 

320,106

 

 

 

329,845

 

Total current assets

 

 

2,919,007

 

 

 

3,184,168

 

Property, Plant and Equipment, at Cost

 

 

2,407,579

 

 

 

2,332,916

 

Allowance for depreciation

 

 

(1,154,468

)

 

 

(1,093,440

)

Property, plant and equipment, net

 

 

1,253,111

 

 

 

1,239,476

 

Other Assets

 

 

 

 

 

 

Goodwill

 

 

1,311,653

 

 

 

1,293,588

 

Other intangible assets, net of amortization

 

 

533,659

 

 

 

554,991

 

Operating lease right-of-use assets

 

 

324,272

 

 

 

329,582

 

Deferred income taxes

 

 

25,201

 

 

 

15,470

 

Other

 

 

170,474

 

 

 

164,729

 

Total other assets

 

 

2,365,259

 

 

 

2,358,360

 

Total Assets

 

$

6,537,377

 

 

$

6,782,004

 

Liabilities and Stockholders' Equity

 

 

 

 

 

 

Current Liabilities

 

 

 

 

 

 

Accounts payable

 

$

650,771

 

 

$

680,938

 

Current portion of long-term debt

 

 

5,548

 

 

 

178,588

 

Accrued compensation and benefits

 

 

204,921

 

 

 

257,328

 

Accrued losses

 

 

34,881

 

 

 

26,470

 

Other accrued liabilities

 

 

358,234

 

 

 

347,477

 

Total current liabilities

 

 

1,254,355

 

 

 

1,490,801

 

Long-Term Liabilities

 

 

 

 

 

 

Long-term debt, less current maturities

 

 

2,246,834

 

 

 

2,505,221

 

Operating lease liabilities

 

 

278,028

 

 

 

285,524

 

Other long-term liabilities

 

 

298,257

 

 

 

267,111

 

Deferred income taxes

 

 

97,349

 

 

 

90,347

 

Total long-term liabilities

 

 

2,920,468

 

 

 

3,148,203

 

Contingencies and Accrued Losses (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
145,708 and outstanding 128,872 as of November 30, 2023;
   issued
145,124 and outstanding 128,766 as of May 31, 2023

 

 

1,289

 

 

 

1,288

 

Paid-in capital

 

 

1,141,970

 

 

 

1,124,825

 

Treasury stock, at cost

 

 

(830,402

)

 

 

(784,463

)

Accumulated other comprehensive (loss)

 

 

(589,690

)

 

 

(604,935

)

Retained earnings

 

 

2,637,387

 

 

 

2,404,125

 

Total RPM International Inc. stockholders' equity

 

 

2,360,554

 

 

 

2,140,840

 

Noncontrolling Interest

 

 

2,000

 

 

 

2,160

 

Total equity

 

 

2,362,554

 

 

 

2,143,000

 

Total Liabilities and Stockholders' Equity

 

$

6,537,377

 

 

$

6,782,004

 

 

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

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net Sales

 

$

1,792,275

 

 

$

1,791,708

 

 

$

3,804,132

 

 

$

3,724,028

 

Cost of Sales

 

 

1,044,047

 

 

 

1,101,317

 

 

 

2,227,287

 

 

 

2,289,166

 

Gross Profit

 

 

748,228

 

 

 

690,391

 

 

 

1,576,845

 

 

 

1,434,862

 

Selling, General and Administrative Expenses

 

 

523,289

 

 

 

490,607

 

 

 

1,054,321

 

 

 

975,812

 

Restructuring Expense

 

 

1,239

 

 

 

1,272

 

 

 

7,737

 

 

 

2,626

 

Interest Expense

 

 

30,348

 

 

 

27,918

 

 

 

62,166

 

 

 

54,629

 

Investment (Income), Net

 

 

(5,289

)

 

 

(6,851

)

 

 

(17,728

)

 

 

(3,187

)

Other Expense, Net

 

 

2,817

 

 

 

2,310

 

 

 

5,371

 

 

 

4,726

 

Income Before Income Taxes

 

 

195,824

 

 

 

175,135

 

 

 

464,978

 

 

 

400,256

 

Provision for Income Taxes

 

 

50,009

 

 

 

43,593

 

 

 

117,850

 

 

 

99,435

 

Net Income

 

 

145,815

 

 

 

131,542

 

 

 

347,128

 

 

 

300,821

 

Less: Net Income Attributable to Noncontrolling Interests

 

 

310

 

 

 

198

 

 

 

541

 

 

 

464

 

Net Income Attributable to RPM International Inc. Stockholders

 

$

145,505

 

 

$

131,344

 

 

$

346,587

 

 

$

300,357

 

Average Number of Shares of Common Stock Outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

127,758

 

 

 

127,585

 

 

 

127,816

 

 

 

127,600

 

Diluted

 

 

128,249

 

 

 

128,911

 

 

 

128,312

 

 

 

128,887

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.13

 

 

$

1.02

 

 

$

2.70

 

 

$

2.34

 

Diluted

 

$

1.13

 

 

$

1.02

 

 

$

2.69

 

 

$

2.33

 

 

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

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net Income

 

$

145,815

 

 

$

131,542

 

 

$

347,128

 

 

$

300,821

 

Other comprehensive income (loss), net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments, net of tax

 

 

(44

)

 

 

9,172

 

 

 

8,809

 

 

 

(69,783

)

Pension and other postretirement benefit liability adjustments, net of tax

 

 

3,446

 

 

 

3,549

 

 

 

6,610

 

 

 

7,821

 

Unrealized gain (loss) on securities, net of tax

 

 

94

 

 

 

(234

)

 

 

(163

)

 

 

(574

)

Unrealized (loss) on derivatives, net of tax

 

 

-

 

 

 

(604

)

 

 

-

 

 

 

(1,211

)

Total other comprehensive income (loss)

 

 

3,496

 

 

 

11,883

 

 

 

15,256

 

 

 

(63,747

)

Total Comprehensive Income

 

 

149,311

 

 

 

143,425

 

 

 

362,384

 

 

 

237,074

 

Less: Comprehensive Income Attributable to Noncontrolling Interests

 

 

307

 

 

 

222

 

 

 

552

 

 

 

426

 

Comprehensive Income Attributable to RPM International Inc. Stockholders

 

$

149,004

 

 

$

143,203

 

 

$

361,832

 

 

$

236,648

 

 

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)

 

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

 

2023

 

 

2022

 

Cash Flows from Operating Activities:

 

 

 

 

 

 

Net income

 

$

347,128

 

 

$

300,821

 

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

 

 

 

 

Depreciation and amortization

 

 

84,177

 

 

 

76,750

 

Deferred income taxes

 

 

(5,574

)

 

 

(4,196

)

Stock-based compensation expense

 

 

17,147

 

 

 

16,877

 

Net (gain) loss on marketable securities

 

 

(6,226

)

 

 

2,812

 

Net loss on sales of assets and businesses

 

 

3,623

 

 

 

-

 

Other

 

 

4,007

 

 

 

(104

)

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

 

 

 

 

 

 

Decrease in receivables

 

 

272,262

 

 

 

72,931

 

Decrease (increase) in inventory

 

 

37,243

 

 

 

(189,487

)

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

 

 

21,260

 

 

 

(23,025

)

(Decrease) in accounts payable

 

 

(11,806

)

 

 

(95,502

)

(Decrease) in accrued compensation and benefits

 

 

(53,980

)

 

 

(62,724

)

Increase in accrued losses

 

 

8,332

 

 

 

1,465

 

Increase in other accrued liabilities

 

 

50,188

 

 

 

94,297

 

Cash Provided by Operating Activities

 

 

767,781

 

 

 

190,915

 

Cash Flows from Investing Activities:

 

 

 

 

 

 

Capital expenditures

 

 

(89,300

)

 

 

(113,463

)

Acquisition of businesses, net of cash acquired

 

 

(15,404

)

 

 

(47,542

)

Purchase of marketable securities

 

 

(22,057

)

 

 

(10,309

)

Proceeds from sales of marketable securities

 

 

13,796

 

 

 

7,071

 

Other

 

 

1,326

 

 

 

236

 

Cash (Used for) Investing Activities

 

 

(111,639

)

 

 

(164,007

)

Cash Flows from Financing Activities:

 

 

 

 

 

 

Additions to long-term and short-term debt

 

 

-

 

 

 

517,785

 

Reductions of long-term and short-term debt

 

 

(449,485

)

 

 

(351,795

)

Cash dividends

 

 

(113,325

)

 

 

(105,640

)

Repurchases of common stock

 

 

(25,000

)

 

 

(25,000

)

Shares of common stock returned for taxes

 

 

(20,689

)

 

 

(14,825

)

Payments of acquisition-related contingent consideration

 

 

(1,082

)

 

 

(3,705

)

Other

 

 

(713

)

 

 

(2,627

)

Cash (Used for) Provided by Financing Activities

 

 

(610,294

)

 

 

14,193

 

Effect of Exchange Rate Changes on Cash and Cash Equivalents

 

 

1,111

 

 

 

(10,655

)

Net Change in Cash and Cash Equivalents

 

 

46,959

 

 

 

30,446

 

Cash and Cash Equivalents at Beginning of Period

 

 

215,787

 

 

 

201,672

 

Cash and Cash Equivalents at End of Period

 

$

262,746

 

 

$

232,118

 

Supplemental Disclosures of Cash Flows Information:

 

 

 

 

 

 

Cash paid during the period for:

 

 

 

 

 

 

Interest

 

$

61,586

 

$

52,256

 

Income Taxes, net of refunds

 

$

124,518

 

$

84,034

 

Supplemental Disclosures of Noncash Investing Activities:

 

 

 

 

 

 

Capital expenditures accrued within accounts payable at quarter-end

 

$

12,463

 

 

$

8,879

 

 

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

 

(Loss) Income

 

Earnings

 

Inc. Equity

 

Interests

 

Equity

 

Balance at June 1, 2023

 

128,766

 

$

1,288

 

$

1,124,825

 

$

(784,463

)

$

(604,935

)

$

2,404,125

 

$

2,140,840

 

$

2,160

 

$

2,143,000

 

Net income

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

201,082

 

 

201,082

 

 

231

 

 

201,313

 

Other comprehensive income

 

-

 

 

-

 

 

-

 

 

-

 

 

11,746

 

 

-

 

 

11,746

 

 

14

 

 

11,760

 

Dividends declared and paid ($0.42 per share)

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

(54,065

)

 

(54,065

)

 

-

 

 

(54,065

)

Other noncontrolling interest activity

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

(712

)

 

(712

)

Share repurchases under repurchase program

 

(122

)

 

(1

)

 

1

 

 

(12,500

)

 

-

 

 

-

 

 

(12,500

)

 

-

 

 

(12,500

)

Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes

 

318

 

 

3

 

 

9,115

 

 

(15,078

)

 

-

 

 

-

 

 

(5,960

)

 

-

 

 

(5,960

)

Balance at August 31, 2023

 

128,962

 

$

1,290

 

$

1,133,941

 

$

(812,041

)

$

(593,189

)

$

2,551,142

 

$

2,281,143

 

$

1,693

 

$

2,282,836

 

Net income

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

145,505

 

 

145,505

 

 

310

 

 

145,815

 

Other comprehensive income (loss)

 

-

 

 

-

 

 

-

 

 

-

 

 

3,499

 

 

-

 

 

3,499

 

 

(3

)

 

3,496

 

Dividends declared and paid ($0.46 per share)

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

(59,260

)

 

(59,260

)

 

-

 

 

(59,260

)

Share repurchases under repurchase program

 

(132

)

 

(1

)

 

1

 

 

(12,500

)

 

-

 

 

-

 

 

(12,500

)

 

-

 

 

(12,500

)

Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes

 

42

 

 

-

 

 

8,028

 

 

(5,861

)

 

-

 

 

-

 

 

2,167

 

 

-

 

 

2,167

 

Balance at November 30, 2023

 

128,872

 

$

1,289

 

$

1,141,970

 

$

(830,402

)

$

(589,690

)

$

2,637,387

 

$

2,360,554

 

$

2,000

 

$

2,362,554

 

 

 

Common Stock

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

 

Number

 

 

 

 

 

 

 

Other

 

 

 

Total RPM

 

 

 

 

 

of

 

Par/Stated

 

Paid-In

 

Treasury

 

Comprehensive

 

Retained

 

International

 

Noncontrolling

 

Total

 

 

Shares

 

Value

 

Capital

 

Stock

 

(Loss) Income

 

Earnings

 

Inc. Equity

 

Interests

 

Equity

 

Balance at June 1, 2022

 

129,199

 

$

1,292

 

$

1,096,147

 

$

(717,019

)

$

(537,337

)

$

2,139,346

 

$

1,982,429

 

$

1,399

 

$

1,983,828

 

Net income

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

169,013

 

 

169,013

 

 

266

 

 

169,279

 

Other comprehensive (loss)

 

-

 

 

-

 

 

-

 

 

-

 

 

(75,568

)

 

-

 

 

(75,568

)

 

(62

)

 

(75,630

)

Dividends declared and paid ($0.40 per share)

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

(51,420

)

 

(51,420

)

 

-

 

 

(51,420

)

Other noncontrolling interest activity

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

(60

)

 

(60

)

Share repurchases under repurchase program

 

(303

)

 

(3

)

 

3

 

 

(25,000

)

 

-

 

 

-

 

 

(25,000

)

 

-

 

 

(25,000

)

Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes

 

203

 

 

2

 

 

9,061

 

 

(12,458

)

 

-

 

 

-

 

 

(3,395

)

 

-

 

 

(3,395

)

Balance at August 31, 2022

 

129,099

 

$

1,291

 

$

1,105,211

 

$

(754,477

)

$

(612,905

)

$

2,256,939

 

$

1,996,059

 

$

1,543

 

$

1,997,602

 

Net income

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

131,344

 

 

131,344

 

 

198

 

 

131,542

 

Other comprehensive income

 

-

 

 

-

 

 

-

 

 

-

 

 

11,859

 

 

-

 

 

11,859

 

 

24

 

 

11,883

 

Dividends declared and paid ($0.42 per share)

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

(54,220

)

 

(54,220

)

 

-

 

 

(54,220

)

Other noncontrolling interest activity

 

-