RPM FY 2008 Earnings Report — RPM International Inc. Revenue & Financial Results | Market Cap Arena

RPM International Inc.RPM

FY 2008 Earnings

Reported July 30, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$3.6B	—	$3.3B	—	9.1%
Op. Income	$373M	—	$340M	—	9.9%
Gross Margin	41.1%	—	40.7%	—	0.4pp
Net Margin	1.3%	—	6.2%	—	-4.9pp
EPS (Diluted)	$0.39	—	$1.64	—	-76.2%
Free Cash Flow	$163M	—	$132M	—	23.5%

Revenue Flow

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$2.1B
GROSS PROFIT	$1.5B
R&D Expenses	$40M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.3B
OPERATING INCOME	$373M
Interest Income	$13M
Interest Expense	$60M
Other Income/Expenses	-$334M
INCOME BEFORE TAX	$39M
Income Tax Expense	-$9M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$85M
EBIT	$99M
EBITDA	$185M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$2.1B
GROSS PROFIT	$1.5B
R&D Expenses	$40M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.3B
OPERATING INCOME	$373M
Interest Income	$13M
Interest Expense	$60M
Other Income/Expenses	-$334M
INCOME BEFORE TAX	$39M
Income Tax Expense	-$9M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$85M
EBIT	$99M
EBITDA	$185M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$48M
Depreciation & Amortization	$85M
Stock-Based Compensation	$0
Deferred Income Tax	-$74M
Other Non-Cash Items	$288M
Change in Working Capital	-$111M
OPERATING CASH FLOW	$235M
Capital Expenditure	-$72M
Acquisitions (Net)	-$123M
Purchases of Investments	-$110M
Sales/Maturities of Investments	$92M
Other Investing Activities	$44M
NET CASH FROM INVESTING	-$169M
Net Debt Issuance	$71M
Common Stock Repurchased	-$6M
Common Dividends Paid	-$91M
Other Financing Activities	$14M
NET CASH FROM FINANCING	-$12M
FREE CASH FLOW	$163M
Net Change in Cash	$72M

Balance Sheet

Item	Amount
Cash & Equivalents	$231M
Short-Term Investments	$0
Net Receivables	$817M
Inventory	$476M
Other Current Assets	$38M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$498M
Goodwill	$908M
Intangible Assets	$384M
Long-Term Investments	$0
Tax Assets	$89M
Other Non-Current Assets	$100M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$3.8B
Account Payables	$411M
Short-Term Debt	$7M
Deferred Revenue	$0
Other Current Liabilities	$65M
TOTAL CURRENT LIABILITIES	$846M
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$27M
Other Non-Current Liabilities	$687M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$2.6B
Common Stock	$1M
Additional Paid-In Capital	$612M
Retained Earnings	$428M
Treasury Stock	-$6M
Accum. Other Comp. Income	$101M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$1.1B
Net Debt	$842M