Rpm International Inc. · NYSE:RPM
Rpm International — Q2 2021 Earnings Presentation
17 slides from Rpm International's earnings presentation, Jan 6, 2021
Slide 1: Second Quarter Results Fiscal Year 2021
Second 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 November 30 2020 % 2019 % % Change Net Sales $ 1,485,915 $ 1,401,292 6.0 Cost of Sales 899,743 60.6 871,894 62.2 Gross Profit 586,172 39.4 529,398 37.8 SG&A 399,418 26.9 403,357 28.8
Slide 3: Consolidated Statements of Income (Six Months)
Consolidated Statements of Income ($ in thousands, except per share and percent data) (Unaudited) Six Months Ended November 30 2020 % 2019 % % Change Net Sales $ 3,092,586 $ 2,874,056 7.6 Cost of Sales 1,852,759 59.9 1,769,904 61.6 Gross Profit 1,239,827 40.1 1,104,152 38.4 SG&A 795,370 25.7 803,923
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 November 30 Earnings per Diluted Share (All amounts presented after-tax): 2020 2019 Reported Earnings per Diluted Share $ 0.98 $ 0.59 Inventory-related char
Slide 7: Reconciliation of "Reported" to "Adjusted" EPS (Six Months)
Reconciliation of "Reported" to "Adjusted" EPS (Unaudited) Reconciliation of Reported Earnings per Diluted Share to Adjusted Six Months Ended November 30 Earnings per Diluted Share (All amounts presented after-tax): 2020 2019 Reported Earnings per Diluted Share $ 2.37 $ 1.41 Inventory-related charge
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 November 30 2020 2019 Net Income $ 127,884 $ 77,322 Provision for Income Taxes 39,072 24,431 Income Before Income Taxes 166,956 101,753 Interest Expense 21,266 26,341 Investm
Slide 9: EBIT (Non-GAAP Measure): RPM Consolidated (Six Months)
EBIT* (Non-GAAP Measure): RPM Consolidated ($ in thousands, except per share and percent data) (Unaudited) Six Months Ended November 30 2020 2019 Net Income $ 308,670 $ 183,818 Provision for Income Taxes 99,655 60,784 Income Before Income Taxes 408,325 244,602 Interest Expense 43,011 54,658 Investme
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 November 30 2020 2019 Income Before Income Taxes $ 71,832 $ 57,123 Add: Interest Expense, Net* 2,141 2,074 EBIT** (non-GAAP measure) 73,973 59,197 Restructuring
Slide 11: EBIT: Construction Products Segment (Six Months)
EBIT** (Non-GAAP Measure): Construction Products Segment ($ in thousands, except per share and percent data) (Unaudited) Six Months Ended November 30 2020 2019 Income Before Income Taxes $ 170,182 $ 139,803 Add: Interest Expense, Net* 4,251 4,101 EBIT** (non-GAAP measure) 174,433 143,904 Inventory-r
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 November 30 2020 2019 Income Before Income Taxes $ 24,047 $ 33,320 Add: Interest (Income), Net* (9) (25) EBIT** (non-GAAP measure) 24,038 33,295 Inventory-relate
Slide 13: EBIT: Performance Coatings Segment (Six Months)
EBIT** (Non-GAAP Measure): Performance Coatings Segment ($ in thousands, except per share and percent data) (Unaudited) Six Months Ended November 30 2020 2019 Income Before Income Taxes $ 52,561 $ 61,377 Add: Interest Expense, Net* 22 104 EBIT** (non-GAAP measure) 52,583 61,481 Inventory-related cha
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 November 30 2020 2019 Income Before Income Taxes $ 88,368 $ 34,456 Add: Interest Expense, Net* 64 56 EBIT** (non-GAAP measure) 88,432 34,512 Inventory-related charges (a) (1
Slide 15: EBIT: Consumer Segment (Six Months)
EBIT** (Non-GAAP Measure): Consumer Segment ($ in thousands, except per share and percent data) (Unaudited) Six Months Ended November 30 2020 2019 Income Before Income Taxes $ 221,089 $ 93,614 Add: Interest Expense, Net* 127 161 EBIT** (non-GAAP measure) 221,216 93,775 Inventory-related charges (a)
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 November 30 2020 2019 Income Before Income Taxes $ 28,406 $ 18,762 Add: Interest Expense, Net* 73 7 EBIT** (non-GAAP measure) 28,479 18,769 Restructuring expense (b) 495 81
Slide 17: EBIT: Specialty Segment (Six Months)
EBIT** (Non-GAAP Measure): Specialty Segment ($ in thousands, except per share and percent data) (Unaudited) Six Months Ended November 30 2020 2019 Income Before Income Taxes $ 48,855 $ 42,089 Add: Interest Expense (Income), Net* 155 (19) EBIT** (non-GAAP measure) 49,010 42,070 Restructuring expense