Form 8-K
8-K — RPM INTERNATIONAL INC/DE/
Accession: 0001193125-26-414916
Filed: 2026-10-06
Period: 2026-10-06
CIK: 0000110621
SIC: 2851 (PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — d80757d8k.htm (Primary)
EX-99.1 (d80757dex991.htm)
EX-99.2 (d80757dex992.htm)
GRAPHIC (g80757dsp005.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: d80757d8k.htm · Sequence: 1
8-K
RPM INTERNATIONAL INC/DE/ false 0000110621 0000110621 2026-10-06 2026-10-06
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 6, 2026
RPM INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)
Delaware
1-14187
02-0642224
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
2628 Pearl Road, Medina, Ohio
44256
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (330) 273-5090
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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 is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
Item 2.02
Results of Operations and Financial Condition.
On October 6, 2026, RPM International Inc. (the “Company”) issued a press release announcing its first quarter results, which provided detail not included in previously issued reports. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1. Financial information supplemental to the press release is furnished with this Current Report on Form 8-K as Exhibit 99.2.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number
Description
99.1
Press Release of the Company, dated October 6, 2026, announcing the Company’s first quarter results.
99.2
Supplemental Financial Information
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RPM International Inc.
(Registrant)
Date October 6, 2026
/s/ Tracy D. Crandall
Tracy D. Crandall
Vice President, General Counsel, Chief Compliance
Officer and Secretary
EX-99.1
EX-99.1
Filename: d80757dex991.htm · Sequence: 2
EX-99.1
Exhibit 99.1
RPM Reports Record Fiscal 2027 First-Quarter Results
•
Record first-quarter sales of $2.22 billion increased 4.8% compared to the prior year
•
Net income of $256.4 million and diluted EPS of $2.01
•
Record adjusted diluted EPS of $1.98 increased 5.3% and record adjusted EBITDA of $405.5 million increased
4.5% compared to the prior year
•
Fiscal 2027 second-quarter outlook projects sales and adjusted EBITDA to increase in the low- to mid-single-digit range
•
Fiscal 2027 full-year outlook projects sales and adjusted EBITDA to increase in the mid-single-digit range
MEDINA, OH – October 6, 2026 – RPM International Inc. (NYSE:
RPM), a world leader in specialty coatings, sealants and building materials, today reported financial results for its fiscal 2027 first quarter ended August 31, 2026.
Frank C. Sullivan, RPM Chairman and CEO, said, “The resilience of our associates and business model was on full display in the first quarter as we
generated another quarter of record sales and adjusted EBITDA. Solid organic growth in our Performance Coatings Group and Consumer Group, and a focus on manufacturing, procurement and SG&A efficiencies overcame multiple challenges, including raw
material inflation and a temporary slowdown in our Construction Products Group. This record profitability, combined with improved working capital efficiency, also allowed us to generate another quarter of strong operating cash flow, which we are
using to invest in growth opportunities and reward shareholders with dividends and share repurchases.”
First-Quarter 2027 Consolidated Results
Organization and Reporting Update
Effective
June 1, 2026, the company modified its organizational structure to manage and report certain businesses in Latin America in PCG. The businesses generate approximately $143 million in annual revenue and were previously part of CPG and
Consumer Group. Starting with the first fiscal quarter of 2027, results reflect the updated structure for both current and prior periods presented. These changes have no impact on consolidated results. Recast quarterly results for fiscal year 2026
reflecting this change have been provided in a Form 8-K filed with the SEC.
RPM Reports Results for Fiscal 2027 1st Quarter
October 6, 2026
Page
2
Consolidated
Three Months Ended
$ in 000s except per share data
August 31,
August 31,
2026
2025
$ Change
% Change
Net Sales
$
2,215,593
$
2,113,743
$
101,850
4.8
%
Net Income Attributable to RPM Stockholders
256,357
227,605
28,752
12.6
%
Diluted EPS
2.01
1.77
0.24
13.6
%
Income Before Income Taxes (IBT)
337,053
298,047
39,006
13.1
%
Adjusted EBITDA (1)
405,457
388,048
17,409
4.5
%
Adjusted Diluted EPS(1)
1.98
1.88
0.10
5.3
%
(1)
Excludes certain items that are not indicative of RPM’s ongoing operations. See tables below titled
Supplemental Segment Information and Reconciliation of Reported to Adjusted Amounts for details.
Record first-quarter sales were driven
by solid organic growth in the PCG and Consumer segments, including pricing to offset inflation. Acquisitions also contributed to the growth.
Geographically, all emerging market regions generated revenue increases above 20%, fueled by strong demand for engineered solutions used in high-performance
buildings and infrastructure projects and the continued expansion of RPM’s Platform model, which leverages shared regional resources to accelerate growth and improve efficiency. North American growth was driven by PCG and Consumer improvement.
Growth in Europe was driven by acquisitions.
Sales included 3.1% organic growth, 1.6% growth from acquisitions net of divestitures, and a 0.1% tailwind
from foreign currency translation.
Adjusted EBITDA increased to a record, driven by higher sales and MAP operational improvement initiatives, including
SG&A optimization. Healthcare expenses were lower compared to the prior year, driven by procurement efforts to lower prescription drug costs. These gains more than offset higher raw material inflation, warranty expenses from a small European
business that is under review for closure, and bad debt expense from a customer bankruptcy.
Record adjusted diluted EPS was primarily driven by improved
adjusted EBITDA.
RPM Reports Results for Fiscal 2027 1st Quarter
October 6, 2026
Page
3
First-Quarter 2027 Segment Sales and Earnings
Construction Products Group
Three Months Ended
$ in 000s
August 31,
August 31,
2026
2025
$ Change
% Change
Net Sales
$
859,209
$
851,997
$
7,212
0.8
%
Income Before Income Taxes
149,110
159,184
(10,074
)
(6.3
%)
Adjusted EBITDA(1)
166,193
183,944
(17,751
)
(9.7
%)
(1)
Excludes certain items that are not indicative of RPM’s ongoing operations. See table below titled
Supplemental Segment Information for details.
Lower than expected CPG sales growth was driven by delayed sales resulting from a
slowdown in the healthcare and education markets, as well as supplier raw material availability issues affecting certain products. The Kalzip acquisition and pricing actions in response to inflation offset these headwinds.
Sales included a 1.7% organic decline and 2.5% growth from acquisitions net of divestitures.
Adjusted EBITDA declined due to lower fixed-cost absorption from reduced volumes, raw material inflation driven by supply shortages, a $4.4 million
increase in bad debt expense related to a customer bankruptcy, and a $6.3 million warranty charge at a small European business under review for closure. SG&A optimization initiatives partially offset these headwinds.
Performance Coatings Group
Three Months Ended
$ in 000s
August 31,
August 31,
2026
2025
$ Change
% Change
Net Sales
$
629,650
$
571,593
$
58,057
10.2
%
Income Before Income Taxes
107,302
86,795
20,507
23.6
%
Adjusted EBITDA(1)
121,073
102,416
18,657
18.2
%
(1)
Excludes certain items that are not indicative of RPM’s ongoing operations. See table below titled
Supplemental Segment Information for details.
Record PCG sales were driven by broad-based growth, with particular strength in
engineered solutions for high-performance buildings, energy and infrastructure projects including in emerging markets, and food coatings and ingredients. Pricing to offset inflation also contributed to sales growth.
Sales included 7.9% organic growth, a 1.8% increase from acquisitions, and a 0.5% benefit from foreign currency translation.
Record adjusted EBITDA was driven by improved sales, higher volumes resulting in improved fixed-cost leverage, and
SG&A-focused optimization actions, partially offset by higher raw material inflation.
RPM Reports Results for Fiscal 2027 1st Quarter
October 6, 2026
Page
4
Consumer Group
Three Months Ended
$ in 000s
August 31,
August 31,
2026
2025
$ Change
% Change
Net Sales
$
726,734
$
690,153
$
36,581
5.3
%
Income Before Income Taxes
132,279
108,837
23,442
21.5
%
Adjusted EBITDA(1)
146,576
138,968
7,608
5.5
%
(1)
Excludes certain items that are not indicative of RPM’s ongoing operations. See table below titled
Supplemental Segment Information for details.
The Consumer Group’s record sales were driven by solid growth across all businesses
and were aided by shelf space wins, new product introductions and pricing to offset inflation, which was higher in the quarter.
Sales included 5.2%
organic growth, 0.3% growth from acquisitions, and a 0.2% headwind from foreign currency translation.
The increase in adjusted EBITDA was driven by sales
growth and higher volumes resulting in improved fixed-cost utilization, and was further aided by MAP operational improvements, including SG&A-focused optimization actions.
Income before taxes included a $10.8 million gain on the sale of a facility that was closed as part of RPM’s MAP 2025 program. This gain has been
excluded from adjusted EBITDA.
Cash Flow and Financial Position
During the first three months of fiscal 2027:
•
Cash provided by operating activities was $263.9 million, compared to $237.5 million in the prior-year
period, with the increase driven by improved working capital efficiency.
•
Capital expenditures were $58.5 million compared to $62.5 million in the prior-year period.
•
The company returned $90.5 million to stockholders through cash dividends and share repurchases, an increase
of 10.2% compared to the prior year.
As of August 31, 2026:
•
Total debt was $2.41 billion compared to $2.67 billion a year ago, with the decrease driven by strong
operating cash flow being used to reduce debt.
•
Total liquidity, including cash and committed revolving credit facilities, was $1.21 billion, compared to
$933.4 million a year ago.
RPM Reports Results for Fiscal 2027 1st Quarter
October 6, 2026
Page
5
Investor Day Webcast Information
The company will host an investor day on November 9, 2026, at its Stonhard facility in New Jersey. Scheduled speakers include Frank Sullivan, RPM Chairman
and CEO; David Dennsteadt, RPM President and COO; Russell Gordon, RPM Vice President and CFO; and Gregory Michael, Performance Coatings Group President. The presentation will be provided prior to the event, and a public webcast will be available at
https://www.rpminc.com/investors/presentations-webcasts/. The webcast is expected to start at approximately 12:00 p.m. ET. A replay of the event will be available.
Volteco Acquisition
As previously announced, the company
acquired Volteco, an Italy-based leading supplier of below-grade waterproofing solutions, for its Construction Products Group. Volteco had calendar year 2025 sales of €28 million.
Business Outlook
Sullivan continued, “Segment
trends in the second quarter are expected to be similar to those in the first with the PCG segment leading growth as it benefits from its success with expanding the Platform emerging-market operating model and good
end-market demand. Continued stabilization in the Consumer Group is also anticipated, while CPG demand remains soft. MAP benefits and selling price increases will help to offset gross margin pressure from
higher inflation and start-up costs at new facilities. In the second half of the year, we expect to benefit from the continued implementation of MAP operational improvements and pricing increases to offset
persistent inflation and more challenging comparisons. We also anticipate that CPG will return to positive organic growth by the end of the year.”
The company’s outlook for the fiscal 2027 second quarter is for:
•
Consolidated sales to increase in the low- to mid-single-digit range compared to prior-year results.
•
CPG sales to increase in the low-single-digit range compared to
prior-year results.
•
PCG sales to increase in the mid- to high-single-digit range compared to
prior-year results.
•
Consumer Group sales to increase in the low- to mid-single-digit range compared to prior-year results.
•
Consolidated adjusted EBITDA to increase in the low- to mid-single-digit range compared to prior-year results.
The company’s outlook for fiscal 2027 is
for:
•
Consolidated sales to increase in the mid-single-digit range compared to
prior-year record results. The previous outlook was for 3% to 7% growth.
•
Consolidated adjusted EBITDA to increase in the mid-single-digit range
compared to prior-year record results. The previous outlook was for 5% to 10% growth.
RPM Reports Results for Fiscal 2027 1st Quarter
October 6, 2026
Page
6
Earnings Webcast and Conference Call Information
Management will host a conference call to discuss these results beginning at 10:00 a.m. ET today. The call can be accessed via webcast at
www.RPMinc.com/Investors/Presentations-Webcasts or by dialing 1-844-481-2915 or 1-412-317-0708 for international callers and asking to join the RPM International call. Participants are asked to call the assigned number approximately 10 minutes
before the conference call begins. The call, which will last approximately one hour, will be open to the public, but only financial analysts will be permitted to ask questions. The media and all other participants will be in a listen-only mode.
For those unable to listen to the live call, a replay will be available from October 6, 2026, until October 13, 2026. The replay can be accessed by
dialing 1-855-669-9658 or
1-412-317-0088 for international callers. The access code is 8131253. The call also will be available for replay and as a written
transcript via the RPM website at www.RPMinc.com.
About RPM
RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The
company operates across three reportable segments: consumer, construction products and performance coatings. RPM has a diverse portfolio of market-leading brands,
including Rust-Oleum, DAP, Zinsser, Varathane, The Pink Stuff, Stonhard, Carboline, FinishWorks, Tremco, Euclid Chemical, Dryvit and Nudura.
From homes and workplaces to infrastructure and precious landmarks, RPM’s brands are trusted by consumers and professionals alike to help build a better world. The company employs approximately 17,500
individuals worldwide. Visit www.RPMinc.com to learn more.
For more information, contact Matt Schlarb, Vice President –
Investor Relations & Sustainability, at 330-220-6064 or mschlarb@rpminc.com.
# # #
Use of
Non-GAAP Financial Information
To supplement the financial information presented in accordance with Generally
Accepted Accounting Principles in the United States (“GAAP”) in this earnings release, we use EBIT, adjusted EBIT, adjusted EBITDA and adjusted earnings per share, which are all non-GAAP financial
measures. EBIT is defined as earnings (loss) before interest and taxes, with Adjusted EBIT provided for the purpose of adjusting for items impacting earnings that are not considered by management to be indicative of ongoing operations. We evaluate
the profit performance of our segments based on income before income taxes, but also look to EBIT, or adjusted EBIT, as a performance evaluation measure because Interest Income (Expense), Net is essentially related to corporate functions, as opposed
to segment operations. For that reason, we believe EBIT is also useful to investors as a metric in their investment decisions. EBIT should not be considered an alternative to, or more meaningful than, income before income taxes as determined in
accordance with GAAP, since EBIT omits the impact of interest and investment income or expense in determining operating performance, which represent items necessary to our continued operations, given our level of indebtedness. Nonetheless, EBIT is a
key measure expected by and useful to our fixed income investors, rating agencies and the banking community all of whom believe, and we concur, that this measure is critical to the capital markets’ analysis of our segments’ core
operating performance. We also evaluate EBIT because it is clear that movements in EBIT impact our ability to attract financing. Additionally, Management believes that investors’ understanding of the Company’s operating performance is
enhanced by the disclosure of Adjusted EBITDA, which is a non-GAAP financial measure defined as earnings (loss) before interest, taxes, depreciation and amortization adjusted for
RPM Reports Results for Fiscal 2027 1st Quarter
October 6, 2026
Page
7
items impacting earnings that are not considered by management to be indicative of ongoing operations. We evaluate the profit performance of our segments based on income before income taxes, but
also look to adjusted EBITDA, as a performance evaluation measure because Interest Income (Expense), Net is essentially related to corporate functions, as opposed to segment operations. Additionally, Adjusted EBITDA is an operating measure that
provides investors with a measure of operating results unaffected by differences in capital structures, capital investment cycles and ages of related assets among otherwise comparable companies. For these reasons, we believe Adjusted EBITDA is also
useful to investors as a metric in their investment decisions. The reader is cautioned that the Company’s Adjusted EBITDA should not be compared to other entities unknowingly. Adjusted EBITDA should not be considered an alternative to, or more
meaningful than, income before income taxes as determined in accordance with GAAP. EBIT, adjusted EBIT and adjusted EBITDA may not be indicative of our historical operating results, nor is it meant to be predictive of potential future results. See
the financial statement section of this earnings release for a reconciliation of EBIT, adjusted EBIT and adjusted EBITDA to income before income taxes, and adjusted earnings per share to earnings per share. We have not provided a reconciliation of
our second-quarter and full-year fiscal 2027 adjusted EBITDA guidance because material terms that impact such measure are not in our control and/or cannot be reasonably predicted, and therefore a reconciliation of such measure is not available
without unreasonable effort.
Forward-Looking Statements
This press release includes forward-looking statements relating to our business. These forward-looking statements, or other statements made by us, are made
based on our expectations and beliefs concerning future events impacting us and are subject to uncertainties and factors (including those specified below), which are difficult to predict and, in many instances, are beyond our control. As a result,
our actual results could differ materially from those expressed in or implied by any such forward-looking statements. These uncertainties and factors include (a) global and regional markets and general economic conditions, including
uncertainties surrounding the volatility in financial markets, the availability of capital and the viability of banks and other financial institutions; (b) the prices, supply and availability of raw materials, including assorted pigments,
resins, solvents, and other natural gas- and oil-based materials; packaging, including plastic and metal containers; and transportation services, including fuel
surcharges; (c) continued growth in demand for our products; (d) legal, environmental and litigation risks inherent in our businesses and risks related to the adequacy of our insurance coverage for such matters; (e) the effect of
changes in interest rates; (f) the effect of fluctuations in currency exchange rates upon our foreign operations; (g) changes in global trade policies, including the adoption or expansion of tariffs and trade barriers; (h) the effect
of non-currency risks of investing in and conducting operations in foreign countries, including those relating to domestic and international political, social, economic and regulatory factors; (i) risks
and uncertainties associated with our ongoing acquisition and divestiture activities; (j) the timing of and the realization of anticipated cost savings from restructuring initiatives, the ability to identify additional cost savings
opportunities, and the risks of failing to meet any other objectives of our improvement plans; (k) risks related to the adequacy of our contingent liability reserves; (l) risks relating to a public health crisis similar to the Covid
pandemic; (m) risks related to acts of war similar to the Middle East conflict and the Russian invasion of Ukraine; (n) risks related to the transition or physical impacts of climate change and other natural disasters or meeting
sustainability-related voluntary goals or regulatory requirements; (o) risks related to our or our third parties’ use of technology including AI, data breaches and data privacy violations; (p) the shift to remote work and online
purchasing and the impact that has on residential and commercial real estate construction; and (q) other risks detailed in our filings with the Securities and Exchange Commission, including the risk factors set forth in our Annual Report on
Form 10-K for the year ended May 31, 2026, as the same may be updated from time to time. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future
events, information or circumstances that arise after the filing date of this press release.
RPM Reports Results for Fiscal 2027 1st Quarter
October 6, 2026
Page
8
CONSOLIDATED STATEMENTS OF INCOME
IN THOUSANDS, EXCEPT PER SHARE DATA
(Unaudited)
Three Months Ended
August 31,
August 31,
2026
2025
Net Sales
$
2,215,593
$
2,113,743
Cost of Sales
1,301,631
1,220,527
Gross Profit
913,962
893,216
Selling, General & Administrative Expenses
559,768
573,534
Restructuring Expense
5,157
8,814
Interest Expense
25,535
29,326
Investment (Income), Net
(7,518
)
(13,404
)
Other (Income), Net
(6,033
)
(3,101
)
Income Before Income Taxes
337,053
298,047
Provision for Income Taxes
80,427
70,207
Net Income
256,626
227,840
Less: Net Income Attributable to Noncontrolling Interests
269
235
Net Income Attributable to RPM International Inc. Stockholders
$
256,357
$
227,605
Earnings per share of common stock attributable to RPM International Inc.
Stockholders:
Basic
$
2.02
$
1.78
Diluted
$
2.01
$
1.77
Average shares of common stock outstanding - basic
126,744
127,283
Average shares of common stock outstanding - diluted
127,240
127,950
RPM Reports Results for Fiscal 2027 1st Quarter
October 6, 2026
Page
9
SUPPLEMENTAL SEGMENT INFORMATION
IN THOUSANDS
(Unaudited)
Three Months Ended
August 31,
August 31,
2026
2025
Net Sales:
CPG Segment
$
859,209
$
851,997
PCG Segment
629,650
571,593
Consumer Segment
726,734
690,153
Total
$
2,215,593
$
2,113,743
Income Before Income Taxes:
CPG Segment
Income Before Income Taxes (a)
$
149,110
$
159,184
Interest (Expense), Net (b)
(896
)
(1,623
)
EBIT (c)
150,006
160,807
MAP initiatives (d)
1,292
5,180
(Gain) on acquisition earn-out fair value adjustments (f)
(4,700
)
—
Adjusted EBIT
146,598
165,987
Depreciation (h)
16,928
15,431
Amortization (i)
2,667
2,526
Adjusted EBITDA (j)
$
166,193
$
183,944
PCG Segment
Income Before Income Taxes (a)
$
107,302
$
86,795
Interest Income, Net (b)
1,716
1,730
EBIT (c)
105,586
85,065
MAP initiatives (d)
2,503
4,937
Inventory step-up costs (e)
57
—
(Gain) on acquisition earn-out fair value adjustments (f)
(245
)
—
Adjusted EBIT
107,901
90,002
Depreciation (h)
9,883
9,382
Amortization (i)
3,289
3,032
Adjusted EBITDA (j)
$
121,073
$
102,416
Consumer Segment
Income Before Income Taxes (a)
$
132,279
$
108,837
Interest (Expense), Net (b)
(118
)
(272
)
EBIT (c)
132,397
109,109
MAP initiatives (d)
(4,930
)
3,752
Inventory step-up costs (e)
—
7,117
Adjusted EBIT
127,467
119,978
Depreciation (h)
13,110
13,203
Amortization (i)
5,999
5,787
Adjusted EBITDA (j)
$
146,576
$
138,968
Corporate/Other
(Loss) Before Income Taxes (a)
$
(51,638
)
$
(56,769
)
Interest (Expense), Net (b)
(18,719
)
(15,757
)
EBIT (c)
(32,919
)
(41,012
)
MAP initiatives (d)
2,573
2,837
Deferred compensation (g)
1,120
—
Adjusted EBIT
(29,226
)
(38,175
)
Depreciation (h)
803
772
Amortization (i)
38
123
Adjusted EBITDA (j)
$
(28,385
)
$
(37,280
)
TOTAL CONSOLIDATED
Income Before Income Taxes (a)
$
337,053
$
298,047
Interest (Expense)
(25,535
)
(29,326
)
Investment Income, Net
7,518
13,404
EBIT (c)
355,070
313,969
MAP initiatives (d)
1,438
16,706
Inventory step-up costs (e)
57
7,117
(Gain) on acquisition earn-out fair value adjustments (f)
(4,945
)
—
Deferred compensation (g)
1,120
—
Adjusted EBIT
352,740
337,792
Depreciation (h)
40,724
38,788
Amortization (i)
11,993
11,468
Adjusted EBITDA (j)
$
405,457
$
388,048
(a)
The presentation includes a reconciliation of Income (Loss) Before Income Taxes, a measure defined by Generally
Accepted Accounting Principles in the United States (GAAP), to EBIT, Adjusted EBIT and Adjusted EBITDA.
(b)
Interest Income (Expense), Net includes the combination of Interest Income (Expense) and Investment Income
(Expense), Net.
RPM Reports Results for Fiscal 2027 1st Quarter
October 6, 2026
Page
10
(c)
EBIT is defined as earnings (loss) before interest and taxes, with Adjusted EBIT provided for the purpose of
adjusting for items impacting earnings that are not considered by management to be indicative of ongoing operations. We evaluate the profit performance of our segments based on income before income taxes, but also look to EBIT, or adjusted EBIT, as
a performance evaluation measure because Interest Income (Expense), Net is essentially related to corporate functions, as opposed to segment operations. For that reason, we believe EBIT is also useful to investors as a metric in their investment
decisions. EBIT should not be considered an alternative to, or more meaningful than, income before income taxes as determined in accordance with GAAP, since EBIT omits the impact of interest and investment income or expense in determining operating
performance, which represent items necessary to our continued operations, given our level of indebtedness. Nonetheless, EBIT is a key measure expected by and useful to our fixed income investors, rating agencies and the banking community all of whom
believe, and we concur, that this measure is critical to the capital markets’ analysis of our segments’ core operating performance. We also evaluate EBIT because it is clear that movements in EBIT impact our ability to attract financing.
EBIT may not be indicative of our historical operating results, nor is it meant to be predictive of potential future results.
(d)
Reflects restructuring and other charges, which have been incurred in relation to our Margin Achievement Plan
(“MAP 2025”) and our 2026 restructuring action, together MAP Initiatives, as follows:
- MAP 2025
Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures recorded in “Restructuring Expense” on the Consolidated Statements of Income. Restructuring Expense related to
MAP 2025 totaled $0.7 million and $8.8 million for the three months ended August 31, 2026 and August 31, 2025 respectively. Other related expenses include inventory write-offs in connection with restructuring activities recorded
in “Cost of Sales” and accelerated depreciation and amortization recorded within “Cost of Sales” or “Selling, General, & Administrative Expenses (“SG&A”)” depending on the nature of the
expense.
- 2026 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility
closures associated with the SG&A-focused optimization actions and other early stage MAP 3.0 actions recorded in “Restructuring Expense” on the Consolidated Statements of Income. Restructuring
Expense related to the 2026 restructuring action totaled $4.5 million for the quarter ended August 31, 2026. Other related expenses consist of higher executive departure costs, including accelerated stock compensation expense, that do not
qualify as restructuring expense and are recorded within “SG&A” as well as accelerated depreciation recorded within “Cost of Sales” or “SG&A” depending on the nature of the expense. Other related expenses
also includes inventory write-offs in connection with restructuring activities recorded in “Cost of Sales”.
- ERP
consolidation plan: Includes expenses incurred as a result of our stated goals to consolidate over 75 ERP systems across the organization to one ERP platform per segment, as part of our overall MAP strategy as well as costs incurred for other
decision support tools to facilitate our commercial initiatives related to MAP 2025 which have been incurred in all segments, as well as Corporate/Other, and have been recorded within “SG&A”.
- Professional fees: Includes expenses incurred to consolidate accounting locations, costs incurred to implement technologies and processes to
drive improved data analytics/decision making and cost incurred to implement new global manufacturing methodologies with the goal of improving operating efficiency incurred within all of our segments as well as Corporate/Other and recorded within
“SG&A”.All of this spend is in support of stated MAP goals with the most significant expense incurred within Corporate/Other.
- (Gain) on sale of closed facilities, net: Net gain recognized related to the sale of certain properties within the PCG and Consumer Segments
which were closed as part of the MAP 2025 program.
Included below is a reconciliation of the TOTAL CONSOLIDATED MAP initiatives.
Three Months Ended
August 31,
August 31,
2026
2025
MAP 2025 Restructuring and other related expense, net
$
732
$
10,599
2026 Restructuring and other related expense, net
5,522
—
ERP consolidation plan
1,809
2,966
Professional fees
4,128
3,141
(Gain) on sale of closed facilities, net
(10,753
)
—
MAP initiatives
$
1,438
$
16,706
(e)
Amortization of inventory fair value adjustments related to acquisitions recorded in “Cost of
Sales”.
(f)
Fair value adjustments of the earn-out liabilities associated with two
small acquisitions, which were recorded in “SG&A”. Management does not consider these gains to be reflective of the company’s core business operations.
(g)
This adjustment eliminates the compensation expense impact from market valuation changes in deferred
compensation liabilities. Although not included in this schedule, the company also adjusts the related net gains (losses) on investments used as economic hedges against the related liabilities. The liabilities are adjusted based on the performance
of hypothetical investments selected by participants. Management believes it is useful to offset the non-operating investment income (loss) of the investments against the related compensation expense and
remove the net impact to help the reader’s ability to understand the company’s core operating results and to increase comparability period to period.
(h)
Depreciation expense includes charges to income that result from property, plant and equipment depreciation and
the amortization of assets recorded under finance leases recorded within “Cost of Sales” or “SG&A” depending on the nature of the expense. This excludes accelerated depreciation related to MAP initiatives.
(i)
Amortization expense includes intangible asset amortization as well as amortization of deferred cloud computing
implementation costs.
(j)
Management believes that investors’ understanding of the Company’s operating performance is
enhanced by the disclosure of Adjusted EBITDA, which is a non-GAAP financial measure defined as earnings (loss) before interest, taxes, depreciation and amortization adjusted for items impacting earnings that
are not considered by management to be indicative of ongoing operations. We evaluate the profit performance of our segments based on income before income taxes, but also look to adjusted EBITDA, as a performance evaluation measure because Interest
Income (Expense), Net is essentially related to corporate functions, as opposed to segment operations. Additionally, Adjusted EBITDA is an operating measure that provides investors with a measure of operating results unaffected by differences in
capital structures, capital investment cycles and ages of related assets among otherwise comparable companies. For these reasons, we believe Adjusted EBITDA is also useful to investors as a metric in their investment decisions. The reader is
cautioned that the Company’s Adjusted EBITDA should not be compared to other entities unknowingly. Adjusted EBITDA should not be considered an alternative to, or more meaningful than, income before income taxes as determined in accordance with
GAAP.
RPM Reports Results for Fiscal 2027 1st Quarter
October 6, 2026
Page
11
SUPPLEMENTAL INFORMATION
RECONCILIATION OF “REPORTED” TO “ADJUSTED” AMOUNTS
(Unaudited)
Three Months Ended
August 31,
August 31,
2026
2025
Reconciliation of Reported Earnings per Diluted Share to Adjusted Earnings per Diluted Share
(All amounts presented after-tax):
Reported Earnings per Diluted Share
$
2.01
$
1.77
MAP initiatives (d)
0.01
0.10
Inventory step-up costs (e)
—
0.04
(Gain) on acquisition earn-out fair value adjustments
(f)
(0.03
)
—
Investment returns (g)
(0.01
)
(0.03
)
Adjusted Earnings per Diluted Share (k)
$
1.98
$
1.88
(d)
Reflects restructuring and other charges, which have been incurred in relation to our Margin Achievement Plan
(“MAP 2025”) and our 2026 restructuring action, together MAP Initiatives, as follows:
- MAP 2025
Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures recorded in “Restructuring Expense” on the Consolidated Statements of Income. Restructuring Expense related to
MAP 2025 totaled $0.7 million and $8.8 million for the three months ended August 31, 2026 and August 31, 2025 respectively. Other related expenses include inventory write-offs in connection with restructuring activities recorded
in “Cost of Sales” and accelerated depreciation and amortization recorded within “Cost of Sales” or “Selling, General, & Administrative Expenses (“SG&A”)” depending on the nature of the
expense.
- 2026 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility
closures associated with the SG&A-focused optimization actions and other early stage MAP 3.0 actions recorded in “Restructuring Expense” on the Consolidated Statements of Income. Restructuring
Expense related to the 2026 restructuring action totaled $4.5 million for the quarter ended August 31, 2026. Other related expenses consist of higher executive departure costs, including accelerated stock compensation expense, that do not
qualify as restructuring expense and are recorded within “SG&A” as well as accelerated depreciation recorded within “Cost of Sales” or “SG&A” depending on the nature of the expense. Other related expenses
also includes inventory write-offs in connection with restructuring activities recorded in “Cost of Sales”.
- ERP
consolidation plan: Includes expenses incurred as a result of our stated goals to consolidate over 75 ERP systems across the organization to one ERP platform per segment, as part of our overall MAP strategy as well as costs incurred for other
decision support tools to facilitate our commercial initiatives related to MAP 2025 which have been incurred in all segments, as well as Corporate/Other, and have been recorded within “SG&A”.
- Professional fees: Includes expenses incurred to consolidate accounting locations, costs incurred to implement technologies and processes to
drive improved data analytics/decision making and cost incurred to implement new global manufacturing methodologies with the goal of improving operating efficiency incurred within all of our segments as well as Corporate/Other and recorded within
“SG&A”. All of this spend is in support of stated MAP goals with the most significant expense incurred within Corporate/Other.
- (Gain) on sale of closed facilities, net: Net gain recognized related to the sale of certain properties within the PCG and Consumer Segments
which were closed as part of the MAP 2025 program.
(e)
Amortization of inventory fair value adjustments related to acquisitions recorded in “Cost of
Sales”.
(f)
Fair value adjustments of the earn-out liabilities associated with two
small acquisitions, which were recorded in “SG&A”. Management does not consider these gains to be reflective of the company’s core business operations.
(g)
Investment returns include realized net gains and losses on sales of investments and unrealized net gains and
losses on equity securities, which are adjusted due to their inherent volatility. Management does not consider these gains and losses, which cannot be predicted with any level of certainty, to be reflective of the Company’s core business
operations.
(k)
Adjusted Diluted EPS is provided for the purpose of adjusting diluted earnings per share for items impacting
earnings that are not considered by management to be indicative of ongoing operations.
RPM Reports Results for Fiscal 2027 1st Quarter
October 6, 2026
Page
12
CONSOLIDATED BALANCE SHEETS
IN THOUSANDS
(Unaudited)
August 31, 2026
August 31, 2025
May 31, 2026
Assets
Current Assets
Cash and cash equivalents
$
312,842
$
297,075
$
315,188
Trade accounts receivable
1,556,199
1,515,499
1,700,717
Allowance for doubtful accounts
(38,236
)
(42,506
)
(39,179
)
Net trade accounts receivable
1,517,963
1,472,993
1,661,538
Inventories
1,140,432
1,068,183
1,058,911
Prepaid expenses and other current assets
405,141
365,271
423,198
Total current assets
3,376,378
3,203,522
3,458,835
Property, Plant and Equipment, at Cost
2,952,267
2,805,421
2,919,058
Allowance for depreciation
(1,399,118
)
(1,306,637
)
(1,362,540
)
Property, plant and equipment, net
1,553,149
1,498,784
1,556,518
Other Assets
Goodwill
1,686,520
1,657,612
1,688,164
Other intangible assets, net of amortization
813,600
832,195
824,638
Operating lease
right-of-use assets
389,937
394,831
396,936
Deferred income taxes
113,035
147,436
116,474
Other
298,019
210,165
303,040
Total other assets
3,301,111
3,242,239
3,329,252
Total Assets
$
8,230,638
$
7,944,545
$
8,344,605
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable
$
889,731
$
762,013
$
853,524
Current portion of long-term debt
407,497
7,434
407,834
Accrued compensation and benefits
185,200
189,846
307,299
Accrued losses
49,019
30,749
51,258
Other accrued liabilities
391,253
424,834
441,148
Total current liabilities
1,922,700
1,414,876
2,061,063
Long-Term Liabilities
Long-term debt, less current maturities
1,999,028
2,661,990
2,125,690
Operating lease liabilities
334,729
340,420
341,283
Other long-term liabilities
256,569
243,524
258,641
Deferred income taxes
237,280
227,141
244,823
Total long-term liabilities
2,827,606
3,473,075
2,970,437
Total liabilities
4,750,306
4,887,951
5,031,500
Stockholders’ Equity
Preferred stock; none issued
—
—
—
Common stock (outstanding 127,554; 128,219; 127,643)
1,276
1,282
1,276
Paid-in capital
1,220,252
1,183,272
1,210,651
Treasury stock, at cost
(1,067,754
)
(973,372
)
(1,036,645
)
Accumulated other comprehensive (loss)
(446,690
)
(512,832
)
(447,200
)
Retained earnings
3,771,739
3,356,848
3,583,451
Total RPM International Inc. stockholders’ equity
3,478,823
3,055,198
3,311,533
Noncontrolling interest
1,509
1,396
1,572
Total equity
3,480,332
3,056,594
3,313,105
Total Liabilities and Stockholders’ Equity
$
8,230,638
$
7,944,545
$
8,344,605
RPM Reports Results for Fiscal 2027 1st Quarter
October 6, 2026
Page
13
CONSOLIDATED STATEMENTS OF CASH FLOWS
IN THOUSANDS
(Unaudited)
Three Months Ended
August 31,
August 31,
2026
2025
Cash Flows From Operating Activities:
Net income
$
256,626
$
227,840
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
53,075
51,464
Fair value adjustments to contingent earnout obligations
(4,945
)
—
Deferred income taxes
(3,817
)
1,304
Stock-based compensation expense
9,601
5,475
Net (gain) on marketable securities
(2,032
)
(8,673
)
Net (gain) of sales of assets
(10,505
)
—
Other
244
(324
)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:
Decrease in receivables
142,204
49,331
(Increase) in inventory
(81,609
)
(16,005
)
(Increase) in prepaid expenses and other current and long-term assets
(9,868
)
(18,051
)
Increase in accounts payable
57,344
7,810
(Decrease) in accrued compensation and benefits
(121,260
)
(99,296
)
(Decrease) in accrued losses
(2,320
)
(6,098
)
(Decrease) increase in other accrued liabilities
(18,802
)
42,733
Cash Provided By Operating Activities
263,936
237,510
Cash Flows From Investing Activities:
Capital expenditures
(58,505
)
(62,461
)
Acquisition of businesses, net of cash acquired
—
(115,695
)
Purchase of marketable securities
(10,243
)
(6,283
)
Proceeds from sales of marketable securities
1,526
1,525
Proceeds from sales of assets
27,634
—
Other
(238
)
523
Cash (Used For) Investing Activities
(39,826
)
(182,391
)
Cash Flows From Financing Activities:
Additions to long-term and short-term debt
148,886
35,000
Reductions of long-term and short-term debt
(276,448
)
(14,972
)
Cash dividends
(68,069
)
(64,521
)
Repurchases of common stock
(22,386
)
(17,500
)
Shares of common stock returned for taxes
(8,987
)
(1,921
)
Other
(278
)
(221
)
Cash (Used For) Financing Activities
(227,282
)
(64,135
)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
826
3,954
Net Change in Cash and Cash Equivalents
(2,346
)
(5,062
)
Cash and Cash Equivalents at Beginning of Period
315,188
302,137
Cash and Cash Equivalents at End of Period
$
312,842
$
297,075
EX-99.2
EX-99.2
Filename: d80757dex992.htm · Sequence: 3
EX-99.2
Exhibit 99.2
SUPPLEMENTAL SEGMENT INFORMATION
IN THOUSANDS
(Unaudited)
Three Months Ended
Year Ended
August 31,
November 30,
February 28,
May 31,
May 31,
2025
2025
2026
2026
2026
Net Sales:
CPG Segment
$
851,997
$
706,304
$
518,531
$
865,203
$
2,942,035
PCG Segment
571,593
569,650
528,053
605,679
2,274,975
Consumer Segment
690,153
633,941
561,365
760,953
2,646,412
Total
$
2,113,743
$
1,909,895
$
1,607,949
$
2,231,835
$
7,863,422
Income Before Income Taxes:
CPG Segment
Income Before Income Taxes (a)
$
159,184
$
91,007
$
20,008
$
162,191
$
432,390
Interest (Expense), Net (b)
(1,623
)
(1,871
)
(1,516
)
(995
)
(6,005
)
EBIT (c)
160,807
92,878
21,524
163,186
438,395
MAP initiatives (d)
5,180
3,500
6,701
7,236
22,617
Inventory step-up costs (e)
—
—
—
102
102
(Gain) on sale of assets and businesses, net (f)
—
(400
)
—
—
(400
)
Adjusted EBIT
165,987
95,978
28,225
170,524
460,714
Depreciation (j)
15,431
16,132
15,643
17,615
64,821
Amortization (k)
2,526
2,548
2,598
2,700
10,372
Adjusted EBITDA (l)
$
183,944
$
114,658
$
46,466
$
190,839
$
535,907
PCG Segment
Income Before Income Taxes (a)
$
86,795
$
86,018
$
63,345
$
89,348
$
325,506
Interest Income, Net (b)
1,730
1,915
1,865
1,556
7,066
EBIT (c)
85,065
84,103
61,480
87,792
318,440
MAP initiatives (d)
4,937
2,022
6,921
2,571
16,451
Inventory step-up costs (e)
—
41
101
49
191
(Gain) on acquisition earn-out fair value
adjustment (g)
—
—
—
(1,710
)
(1,710
)
Environmental expense for a closed facility (h)
—
—
—
1,000
1,000
Adjusted EBIT
90,002
86,166
68,502
89,702
334,372
Depreciation (j)
9,382
9,381
9,545
10,121
38,429
Amortization (k)
3,032
3,134
3,216
3,340
12,722
Adjusted EBITDA (l)
$
102,416
$
98,681
$
81,263
$
103,163
$
385,523
Consumer Segment
Income Before Income Taxes (a)
$
108,837
$
99,908
$
46,306
$
106,870
$
361,921
Interest (Expense), Net (b)
(272
)
(118
)
(83
)
(251
)
(724
)
EBIT (c)
109,109
100,026
46,389
107,121
362,645
MAP initiatives (d)
3,752
1,206
12,500
6,224
23,682
Inventory step-up costs (e)
7,117
786
—
—
7,903
(Gain) on acquisition earn-out fair value adjustments
(g)
—
(12,707
)
—
—
(12,707
)
Property, plant and equipment impairment (i)
—
—
—
9,721
9,721
Adjusted EBIT
119,978
89,311
58,889
123,066
391,244
Depreciation (j)
13,203
13,432
13,943
14,336
54,914
Amortization (k)
5,787
5,896
6,001
5,948
23,632
Adjusted EBITDA (l)
$
138,968
$
108,639
$
78,833
$
143,350
$
469,790
Corporate/Other
(Loss) Before Income Taxes (a)
$
(56,769
)
$
(65,938
)
$
(60,352
)
$
(66,418
)
$
(249,477
)
Interest (Expense), Net (b)
(15,757
)
(17,905
)
(15,034
)
(16,296
)
(64,992
)
EBIT (c)
(41,012
)
(48,033
)
(45,318
)
(50,122
)
(184,485
)
MAP initiatives (d)
2,837
3,210
6,102
5,430
17,579
Adjusted EBIT
(38,175
)
(44,823
)
(39,216
)
(44,692
)
(166,906
)
Depreciation (j)
772
741
767
808
3,088
Amortization (k)
123
124
66
38
351
Adjusted EBITDA (l)
$
(37,280
)
$
(43,958
)
$
(38,383
)
$
(43,846
)
$
(163,467
)
TOTAL CONSOLIDATED
Income Before Income Taxes (a)
$
298,047
$
210,995
$
69,307
$
291,991
$
870,340
Interest (Expense)
(29,326
)
(28,005
)
(26,947
)
(27,266
)
(111,544
)
Investment Income, Net
13,404
10,026
12,179
11,280
46,889
EBIT (c)
313,969
228,974
84,075
307,977
934,995
MAP initiatives (d)
16,706
9,938
32,224
21,461
80,329
Inventory step-up costs (e)
7,117
827
101
151
8,196
(Gain) on sale of assets and businesses, net (f)
—
(400
)
—
—
(400
)
(Gain) on acquisition earn-out fair value
adjustments (g)
—
(12,707
)
—
(1,710
)
(14,417
)
Environmental expense for a closed facility (h)
—
—
—
1,000
1,000
Property, plant and equipment impairment (i)
—
—
—
9,721
9,721
Adjusted EBIT
337,792
226,632
116,400
338,600
1,019,424
Depreciation (j)
38,788
39,686
39,898
42,880
161,252
Amortization (k)
11,468
11,702
11,881
12,026
47,077
Adjusted EBITDA (l)
$
388,048
$
278,020
$
168,179
$
393,506
$
1,227,753
(a)
The presentation includes a reconciliation of Income (Loss) Before Income Taxes, a measure defined by Generally
Accepted Accounting Principles in the United States (GAAP), to EBIT, Adjusted EBIT and Adjusted EBITDA.
(b)
Interest Income (Expense), Net includes the combination of Interest Income (Expense) and Investment Income
(Expense), Net.
(c)
EBIT is defined as earnings (loss) before interest and taxes, with Adjusted EBIT provided for the purpose of
adjusting for items impacting earnings that are not considered by management to be indicative of ongoing operations. We evaluate the profit performance of our segments based on income before income taxes, but also look to EBIT, or adjusted EBIT, as
a performance evaluation measure because Interest Income (Expense), Net is essentially related to corporate functions, as opposed to segment operations. For that reason, we believe EBIT is also useful to investors as a metric in their investment
decisions. EBIT should not be considered an alternative to, or more meaningful than, income before income taxes as determined in accordance with GAAP, since EBIT omits the impact of interest and investment income or expense in determining operating
performance, which represent items necessary to our continued operations, given our level of indebtedness. Nonetheless, EBIT is a key measure expected by and useful to our fixed income investors, rating agencies and the banking community all of whom
believe, and we concur, that this measure is critical to the capital markets’ analysis of our segments’ core operating performance. We also evaluate EBIT because it is clear that movements in EBIT impact our ability to attract financing.
EBIT may not be indicative of our historical operating results, nor is it meant to be predictive of potential future results.
(d)
Reflects restructuring and other charges, which have been incurred in relation to our Margin Achievement Plan
(“MAP 2025”) and our 2026 restructuring action, together MAP Initiatives, as follows:
- MAP 2025
Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures recorded in “Restructuring Expense” on the Consolidated Statements of Income. Restructuring Expense related to
MAP 2025 totaled $8.8 million, $4.5 million, $3.0 million and $1.9 million for the quarters ended August 31, 2025, November 30, 2025, February 28, 2026 and May 31, 2026 respectively and $18.2 million for
the year ended May 31, 2026. Other related expenses include inventory write-offs in connection with restructuring activities recorded in “Cost of Sales” and accelerated depreciation and amortization recorded within “Cost of
Sales” or “Selling, General, & Administrative Expenses (“SG&A”)” depending on the nature of the expense.
- 2026 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures associated
with the SG&A-focused optimization actions and other early stage MAP 3.0 actions recorded in “Restructuring Expense” on the Consolidated Statements of Income. Restructuring Expense related to
the 2026 restructuring action totaled $16.9 million and $7.5 million for the quarters ended February 28, 2026 and May 31, 2026 respectively and $24.4 million for the year ended May 31, 2026. Other related expenses
consist of higher executive departure costs, including accelerated stock compensation expense, that do not qualify as restructuring expense and are recorded within “SG&A” as well as accelerated depreciation recorded within
“Cost of Sales” or “SG&A” depending on the nature of the expense. Other related expenses also includes inventory write-offs in connection with restructuring activities recorded in “Cost of Sales”.
- ERP consolidation plan: Includes expenses incurred as a result of our stated goals to consolidate over 75 ERP systems across the organization
to one ERP platform per segment, as part of our overall MAP strategy as well as costs incurred for other decision support tools to facilitate our commercial initiatives related to MAP 2025 which have been incurred in all segments, as well as
Corporate/Other, and have been recorded within “SG&A”.
- Professional fees: Includes expenses incurred to consolidate
accounting locations, costs incurred to implement technologies and processes to drive improved data analytics/decision making and cost incurred to implement new global manufacturing methodologies with the goal of improving operating efficiency
incurred within all of our segments as well as Corporate/Other and recorded within “SG&A”. All of this spend is in support of stated MAP goals with the most significant expense incurred within Corporate/Other.
- (Gain) on sale of closed facilities, net: Net gain recognized related to the sale of certain properties within the PCG and Consumer Segments
which were closed as part of the MAP 2025 program.
Included below is a reconciliation of the TOTAL CONSOLIDATED MAP initiatives.
Three Months Ended
Year Ended
August 31,
2025
November 30,
2025
February 28,
2026
May 31,
2026
May 31,
2026
MAP 2025 Restructuring and other related expense, net
$
10,599
$
6,637
$
3,132
$
2,691
$
23,059
2026 Restructuring and other related expense, net
—
—
22,110
9,972
32,082
ERP consolidation plan
2,966
4,440
3,643
2,690
13,739
Professional fees
3,141
3,201
3,229
7,749
17,320
(Gain) loss on sale of closed facilities, net
—
(4,340
)
110
(1,641
)
(5,871
)
MAP initiatives
$
16,706
$
9,938
$
32,224
$
21,461
$
80,329
(e)
Amortization of inventory fair value adjustments related to acquisitions recorded in “Cost of
Sales”.
(f)
Fiscal 2026 reflects gains recorded in “SG&A” associated with the divestiture of a product line
and a waterproofing services business within our CPG segment.
(g)
Fair value adjustments of the earn-out liabilities associated with the
Star Brands Group acquisition, as well as one other smaller acquisition, which were recorded in “SG&A”. Management does not consider these gains to be reflective of the company’s core business operations.
(h)
Environmental remediation costs related to a facility that has not been owned or operated for approximately 25
years.
(i)
Impairment charges related to property, plant and equipment in two asset groups within the Color Group
reporting unit of our Consumer segment as a result of reduced cash flow projections in the coming years due to soft end markets.
(j)
Depreciation expense includes charges to income that result from property, plant and equipment depreciation and
the amortization of assets recorded under finance leases recorded within “Cost of Sales” or “Selling, General, & Administrative Expenses (“SG&A”)” depending on the nature of the expense. This excludes
accelerated depreciation related to MAP initiatives.
(k)
Amortization expense includes intangible asset amortization as well as amortization of deferred cloud computing
implementation costs.
(l)
Management believes that investors’ understanding of the Company’s operating performance is
enhanced by the disclosure of Adjusted EBITDA, which is a non-GAAP financial measure defined as earnings (loss) before interest, taxes, depreciation and amortization adjusted for items impacting earnings that
are not considered by management to be indicative of ongoing operations. We evaluate the profit performance of our segments based on income before income taxes, but also look to adjusted EBITDA, as a performance evaluation measure because Interest
Income (Expense), Net is essentially related to corporate functions, as opposed to segment operations. Additionally, Adjusted EBITDA is an operating measure that provides investors with a measure of operating results unaffected by differences in
capital structures, capital investment cycles and ages of related assets among otherwise comparable companies. For these reasons, we believe Adjusted EBITDA is also useful to investors as a metric in their investment decisions. The reader is
cautioned that the Company’s Adjusted EBITDA should not be compared to other entities unknowingly. Adjusted EBITDA should not be considered an alternative to, or more meaningful than, income before income taxes as determined in accordance with
GAAP.
GRAPHIC
GRAPHIC
Filename: g80757dsp005.jpg · Sequence: 7
Binary file (18019 bytes)
Download g80757dsp005.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 9
v3.26.3
Document and Entity Information
Oct. 06, 2026
Cover [Abstract]
Entity Registrant Name
RPM INTERNATIONAL INC/DE/
Amendment Flag
false
Entity Central Index Key
0000110621
Document Type
8-K
Document Period End Date
Oct. 06, 2026
Entity Incorporation State Country Code
DE
Entity File Number
1-14187
Entity Tax Identification Number
02-0642224
Entity Address, Address Line One
2628 Pearl Road
Entity Address, City or Town
Medina
Entity Address, State or Province
OH
Entity Address, Postal Zip Code
44256
City Area Code
(330)
Local Phone Number
273-5090
Written Communications
false
Soliciting Material
false
Pre Commencement Tender Offer
false
Pre Commencement Issuer Tender Offer
false
Security 12b Title
Common Stock, par value $0.01
Trading Symbol
RPM
Security Exchange Name
NYSE
Entity Emerging Growth Company
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration