RPM FY 2009 Earnings Report — RPM International Inc. Revenue & Financial Results | Market Cap Arena

RPM International Inc.RPM

FY 2009 Earnings

Reported July 28, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$3.4B	—	$3.6B	—	-7.6%
Op. Income	$257M	—	$373M	—	-31.2%
Gross Margin	40.2%	—	41.1%	—	-1.0pp
Net Margin	3.6%	—	1.3%	—	2.2pp
EPS (Diluted)	$0.93	—	$0.39	—	138.5%
Free Cash Flow	$212M	—	$163M	—	30.2%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.4B
R&D Expenses	$40M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.1B
OPERATING INCOME	$257M
Interest Income	$6M
Interest Expense	$54M
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$181M
Income Tax Expense	$61M
Net Income from Continuing Ops	$120M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$120M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$120M
D&A	$85M
EBIT	$235M
EBITDA	$320M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.4B
R&D Expenses	$40M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.1B
OPERATING INCOME	$257M
Interest Income	$6M
Interest Expense	$54M
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$181M
Income Tax Expense	$61M
Net Income from Continuing Ops	$120M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$120M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$120M
D&A	$85M
EBIT	$235M
EBITDA	$320M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$120M
Depreciation & Amortization	$85M
Stock-Based Compensation	$8M
Deferred Income Tax	$1M
Other Non-Cash Items	$29M
Change in Working Capital	$24M
OPERATING CASH FLOW	$267M
Capital Expenditure	-$55M
Acquisitions (Net)	-$17M
Purchases of Investments	-$75M
Sales/Maturities of Investments	$66M
Other Investing Activities	-$344.0K
NET CASH FROM INVESTING	-$82M
Net Debt Issuance	$5M
Common Stock Repurchased	-$45M
Common Dividends Paid	-$102M
Other Financing Activities	$131.0K
NET CASH FROM FINANCING	-$139M
FREE CASH FLOW	$212M
Net Change in Cash	$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$253M
Short-Term Investments	$0
Net Receivables	$639M
Inventory	$406M
Other Current Assets	$45M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$470M
Goodwill	$856M
Intangible Assets	$358M
Long-Term Investments	$0
Tax Assets	$93M
Other Non-Current Assets	$80M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$3.4B
Account Payables	$295M
Short-Term Debt	$169M
Deferred Revenue	$0
Other Current Liabilities	$65M
TOTAL CURRENT LIABILITIES	$849M
Long-Term Debt	$762M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$24M
Other Non-Current Liabilities	$631M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.3B
Common Stock	$1M
Additional Paid-In Capital	$796M
Retained Earnings	$443M
Treasury Stock	-$50M
Accum. Other Comp. Income	-$32M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$931M
Net Debt	$677M