Rpm International Inc. · NYSE:RPM
Rpm International — Q3 FY2021 Earnings Presentation
17 slides from Rpm International's earnings presentation, Apr 7, 2021
Slide 1: Third Quarter Results Fiscal Year 2021
Third Quarter Results Fiscal Year 2021 RPM International Inc.
Slide 2: Consolidated Statements of Income (Three Months)
Consolidated Statements of Income ($ in thousands, except per share and percent data) (Unaudited) Three Months Ended February 28, 2021 % February 29, 2020 % % Change Net Sales $ 1,269,395 $ 1,173,976 8.1 Cost of Sales 797,454 62.8 739,229 63.0 Gross Profit 471,941 37.2 434,747 37.0 SG&A 402,186 31.7
Slide 3: Consolidated Statements of Income (Nine Months)
Consolidated Statements of Income ($ in thousands, except per share and percent data) (Unaudited) Nine Months Ended February 28, 2021 % February 29, 2020 % % Change Net Sales $ 4,361,981 $ 4,048,033 7.8 Cost of Sales 2,650,213 60.8 2,509,133 62.0 Gross Profit 1,711,768 39.2 1,538,900 38.0 SG&A 1,197
Slide 4: Reconciliations of Non-GAAP Measures To GAAP Measures
Reconciliations of Non-GAAP Measures To GAAP Measures RPM International Inc.
Slide 5: Adjustments Detail
Adjustments Detail (a) Inventory related charges reflect the following in fiscal 2021: Charges recorded in Cost of Goods Sold that reflect product line and SKU rationalization at our Consumer Segment and the reversal of prior period product line and SKU rationalization inventory charges due to the s
Slide 6: Reconciliation of Reported to Adjusted EPS (Three Months)
Reconciliation of "Reported" to "Adjusted" EPS (Unaudited) Reconciliation of Reported Earnings per Diluted Share to Adjusted Three Months Ended Earnings per Diluted Share (All amounts presented after-tax): February 28, 2021 February 29, 2020 Reported Earnings per Diluted Share $ 0.29 $ 0.09 Restruct
Slide 7: Reconciliation of Reported to Adjusted EPS (Nine Months)
Reconciliation of "Reported" to "Adjusted" EPS (Unaudited) Reconciliation of Reported Earnings per Diluted Share to Adjusted Nine Months Ended Earnings per Diluted Share (All amounts presented after-tax): February 28, 2021 February 29, 2020 Reported Earnings per Diluted Share $ 2.66 $ 1.50 Inventory
Slide 8: EBIT (Non-GAAP Measure): RPM Consolidated, Three Months
EBIT* (Non-GAAP Measure): RPM Consolidated ($ in thousands, except per share and percent data) (Unaudited) Three Months Ended February 28, 2021 February 29, 2020 Net Income $ 38,466 $ 12,090 Provision for Income Taxes 17,394 4,218 Income Before Income Taxes 55,860 16,308 Interest Expense 20,964 23,9
Slide 9: EBIT (Non-GAAP Measure): RPM Consolidated, Nine Months
EBIT* (Non-GAAP Measure): RPM Consolidated ($ in thousands, except per share and percent data) Nine Months Ended (Unaudited) February 28, 2021 February 29, 2020 Net Income $ 347,136 $ 195,907 Provision for Income Taxes 117,049 65,002 Income Before Income Taxes 464,185 260,909 Interest Expense 63,975
Slide 10: EBIT: Construction Products Segment, Three Months
EBIT** (Non-GAAP Measure): Construction Products Segment ($ in thousands, except per share and percent data) (Unaudited) Three Months Ended February 28, 2021 February 29, 2020 Income Before Income Taxes $ 14,431 $ (478) Add: Interest Expense, Net* 2,074 2,130 EBIT** (non-GAAP measure) 16,505 1,652 I
Slide 11: EBIT: Construction Products Segment, Nine Months
EBIT** (Non-GAAP Measure): Construction Products Segment ($ in thousands, except per share and percent data) (Unaudited) Nine Months Ended February 28, 2021 February 29, 2020 Income Before Income Taxes $ 184,613 $ 139,324 Add: Interest Expense, Net* 6,325 6,231 EBIT** (non-GAAP measure) 190,938 145,
Slide 12: EBIT: Performance Coatings Segment, Three Months
EBIT** (Non-GAAP Measure): Performance Coatings Segment ($ in thousands, except per share and percent data) (Unaudited) Three Months Ended February 28, 2021 February 29, 2020 Income Before Income Taxes $ 12,158 $ 22,240 Add: Interest (Income), Net* (75) (123) EBIT** (non-GAAP measure) 12,083 22,117
Slide 13: EBIT: Performance Coatings Segment, Nine Months
EBIT** (Non-GAAP Measure): Performance Coatings Segment ($ in thousands, except per share and percent data) (Unaudited) Nine Months Ended February 28, 2021 February 29, 2020 Income Before Income Taxes $ 64,719 $ 83,617 Add: Interest (Income), Net* (53) (20) EBIT** (non-GAAP measure) 64,666 83,597 In
Slide 14: EBIT: Consumer Segment, Three Months
EBIT** (Non-GAAP Measure): Consumer Segment ($ in thousands, except per share and percent data) (Unaudited) Three Months Ended February 28, 2021 February 29, 2020 Income Before Income Taxes $ 42,724 $ 29,798 Add: Interest Expense, Net* 60 57 EBIT** (non-GAAP measure) 42,784 29,855 Inventory-related
Slide 15: EBIT: Consumer Segment, Nine Months
EBIT** (Non-GAAP Measure): Consumer Segment ($ in thousands, except per share and percent data) (Unaudited) Nine Months Ended February 28, 2021 February 29, 2020 Income Before Income Taxes $ 263,813 $ 123,413 Add: Interest Expense, Net* 187 219 EBIT** (non-GAAP measure) 264,000 123,632 Inventory-rel
Slide 16: EBIT: Specialty Segment, Three Months
EBIT** (Non-GAAP Measure): Specialty Segment ($ in thousands, except per share and percent data) (Unaudited) Three Months Ended February 28, 2021 February 29, 2020 Income Before Income Taxes $ 24,560 $ 12,942 Add: Interest Expense, Net* 64 24 EBIT** (non-GAAP measure) 24,624 12,966 Inventory-related
Slide 17: EBIT: Specialty Segment, Nine Months
EBIT** (Non-GAAP Measure): Specialty Segment ($ in thousands, except per share and percent data) (Unaudited) Nine Months Ended February 28, 2021 February 29, 2020 Income Before Income Taxes $ 73,415 $ 55,031 Add: Interest Expense, Net* 219 6 EBIT** (non-GAAP measure) 73,634 55,037 Inventory-related