RPM FY 2007 Earnings Report — RPM International Inc. Revenue & Financial Results | Market Cap Arena

RPM International Inc.RPM

FY 2007 Earnings

Reported July 30, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$3.3B	—	$3.0B	—	11.0%
Op. Income	$340M	—	$309M	—	9.9%
Gross Margin	40.7%	—	41.5%	—	-0.7pp
Net Margin	6.2%	—	-2.5%	—	8.8pp
EPS (Diluted)	$1.64	—	$-0.65	—	352.3%
Free Cash Flow	$132M	—	$124M	—	6.1%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.4B
R&D Expenses	$35M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$986M
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$3.0B
OPERATING INCOME	$340M
Interest Income	$11M
Interest Expense	$58M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$308M
Income Tax Expense	$99M
Net Income from Continuing Ops	$208M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$208M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$208M
D&A	$82M
EBIT	$366M
EBITDA	$447M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.4B
R&D Expenses	$35M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$986M
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$3.0B
OPERATING INCOME	$340M
Interest Income	$11M
Interest Expense	$58M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$308M
Income Tax Expense	$99M
Net Income from Continuing Ops	$208M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$208M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$208M
D&A	$82M
EBIT	$366M
EBITDA	$447M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$208M
Depreciation & Amortization	$82M
Stock-Based Compensation	$0
Deferred Income Tax	$33M
Other Non-Cash Items	-$914.0K
Change in Working Capital	-$119M
OPERATING CASH FLOW	$202M
Capital Expenditure	-$70M
Acquisitions (Net)	-$124M
Purchases of Investments	-$97M
Sales/Maturities of Investments	$79M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$208M
Net Debt Issuance	$100M
Common Stock Repurchased	$0
Common Dividends Paid	-$82M
Other Financing Activities	$2M
NET CASH FROM FINANCING	$45M
FREE CASH FLOW	$132M
Net Change in Cash	$50M

Balance Sheet

Item	Amount
Cash & Equivalents	$159M
Short-Term Investments	$0
Net Receivables	$744M
Inventory	$438M
Other Current Assets	$39M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$473M
Goodwill	$830M
Intangible Assets	$351M
Long-Term Investments	$0
Tax Assets	$19M
Other Non-Current Assets	$89M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$3.3B
Account Payables	$385M
Short-Term Debt	$102M
Deferred Revenue	$0
Other Current Liabilities	$53M
TOTAL CURRENT LIABILITIES	$865M
Long-Term Debt	$886M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$18M
Other Non-Current Liabilities	$477M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.2B
Common Stock	$1M
Additional Paid-In Capital	$585M
Retained Earnings	$476M
Treasury Stock	$0
Accum. Other Comp. Income	$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$988M
Net Debt	$829M