RPM FY 2019 Earnings Report — RPM International Inc. Revenue & Financial Results | Market Cap Arena

RPM International Inc.RPM

FY 2019 Earnings

Reported July 24, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$5.6B	—	$5.3B	—	4.6%
Op. Income	$496M	—	$528M	—	-6.1%
Gross Margin	40.6%	—	41.0%	—	-0.3pp
Net Margin	4.8%	—	6.3%	—	-1.6pp
EPS (Diluted)	$1.98	—	$2.46	—	-19.5%
Free Cash Flow	$156M	—	$276M	—	-43.4%

Revenue Flow

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$3.3B
GROSS PROFIT	$2.3B
R&D Expenses	$72M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$99M
Operating Expenses	$1.8B
Cost & Expenses	$5.1B
OPERATING INCOME	$496M
Interest Income	$5M
Interest Expense	$102M
Other Income/Expenses	-$156M
INCOME BEFORE TAX	$340M
Income Tax Expense	$72M
Net Income from Continuing Ops	$268M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$267M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$265M
D&A	$142M
EBIT	$442M
EBITDA	$584M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$3.3B
GROSS PROFIT	$2.3B
R&D Expenses	$72M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$99M
Operating Expenses	$1.8B
Cost & Expenses	$5.1B
OPERATING INCOME	$496M
Interest Income	$5M
Interest Expense	$102M
Other Income/Expenses	-$156M
INCOME BEFORE TAX	$340M
Income Tax Expense	$72M
Net Income from Continuing Ops	$268M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$267M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$265M
D&A	$142M
EBIT	$442M
EBITDA	$584M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$268M
Depreciation & Amortization	$142M
Stock-Based Compensation	$31M
Deferred Income Tax	$5M
Other Non-Cash Items	$23M
Change in Working Capital	-$176M
OPERATING CASH FLOW	$293M
Capital Expenditure	-$137M
Acquisitions (Net)	-$168M
Purchases of Investments	-$20M
Sales/Maturities of Investments	$70M
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$248M
Net Debt Issuance	$355M
Common Stock Repurchased	-$222M
Common Dividends Paid	-$181M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$54M
FREE CASH FLOW	$156M
Net Change in Cash	-$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$223M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$842M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$819M
Goodwill	$1.2B
Intangible Assets	$601M
Long-Term Investments	$0
Tax Assets	$35M
Other Non-Current Assets	$222M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$5.4B
Account Payables	$557M
Short-Term Debt	$552M
Deferred Revenue	$0
Other Current Liabilities	$193M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$2.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$115M
Other Non-Current Liabilities	$405M
TOTAL NON-CURRENT LIABILITIES	$2.5B
TOTAL LIABILITIES	$4.0B
Common Stock	$1M
Additional Paid-In Capital	$995M
Retained Earnings	$1.4B
Treasury Stock	-$437M
Accum. Other Comp. Income	-$578M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$3M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$5.4B
Total Debt	$2.5B
Net Debt	$2.3B