RPM FY 2021 Earnings Report — RPM International Inc. Revenue & Financial Results | Market Cap Arena

RPM International Inc.RPM

FY 2021 Earnings

Reported July 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$6.1B	—	$5.5B	—	10.9%
Op. Income	$728M	—	$554M	—	31.3%
Gross Margin	39.4%	—	38.3%	—	1.1pp
Net Margin	8.2%	—	5.5%	—	2.7pp
EPS (Diluted)	$3.87	—	$2.34	—	65.4%
Free Cash Flow	$609M	—	$402M	—	51.4%

Revenue Flow

Item	Amount
REVENUE	$6.1B
Cost of Revenue	$3.7B
GROSS PROFIT	$2.4B
R&D Expenses	$78M
Selling & Marketing	$61M
General & Administrative	$1.5B
SG&A Expenses	$1.6B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$5.4B
OPERATING INCOME	$728M
Interest Income	$3M
Interest Expense	$82M
Other Income/Expenses	-$60M
INCOME BEFORE TAX	$668M
Income Tax Expense	$165M
Net Income from Continuing Ops	$504M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$503M
Net Income Deductions	-$13.0K
BOTTOM LINE NET INCOME	$499M
D&A	$147M
EBIT	$750M
EBITDA	$897M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$6.1B
Cost of Revenue	$3.7B
GROSS PROFIT	$2.4B
R&D Expenses	$78M
Selling & Marketing	$61M
General & Administrative	$1.5B
SG&A Expenses	$1.6B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$5.4B
OPERATING INCOME	$728M
Interest Income	$3M
Interest Expense	$82M
Other Income/Expenses	-$60M
INCOME BEFORE TAX	$668M
Income Tax Expense	$165M
Net Income from Continuing Ops	$504M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$503M
Net Income Deductions	-$13.0K
BOTTOM LINE NET INCOME	$499M
D&A	$147M
EBIT	$750M
EBITDA	$897M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$504M
Depreciation & Amortization	$147M
Stock-Based Compensation	$41M
Deferred Income Tax	$20M
Other Non-Cash Items	-$45M
Change in Working Capital	$99M
OPERATING CASH FLOW	$766M
Capital Expenditure	-$157M
Acquisitions (Net)	-$165M
Purchases of Investments	-$122M
Sales/Maturities of Investments	$112M
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$326M
Net Debt Issuance	-$188M
Common Stock Repurchased	-$73M
Common Dividends Paid	-$195M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$460M
FREE CASH FLOW	$609M
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$247M
Short-Term Investments	$0
Net Receivables	$1.3B
Inventory	$938M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$1.3B
Goodwill	$1.3B
Intangible Assets	$629M
Long-Term Investments	$0
Tax Assets	$27M
Other Non-Current Assets	$204M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$6.3B
Account Payables	$717M
Short-Term Debt	$1M
Deferred Revenue	$0
Other Current Liabilities	$258M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$2.4B
Deferred Revenue NC	$68M
Deferred Tax Liabilities	$106M
Other Non-Current Liabilities	$368M
TOTAL NON-CURRENT LIABILITIES	$3.2B
TOTAL LIABILITIES	$4.5B
Common Stock	$1M
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.9B
Treasury Stock	-$653M
Accum. Other Comp. Income	-$515M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$2M
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$6.3B
Total Debt	$2.6B
Net Debt	$2.4B