Financial Analysis

"NOTE F ACQUISITIONS AND DIVESTITURES During the fiscal year ended May 31, 2026 , we completed a total of six acquisitions across our three reportable segments. Most notably, on June 17, 2025, we announced the acquisition of Ready Seal Inc. (""Ready Seal""), a Texas-based manufacturer of premium exterior wood stains, which is included in our Consumer segment. Furthermore, in the fourth quarter of fiscal 2026, we acquired Kalzip GmbH (""Kalzip""), a global leader in the design and production of metal-based roofs and facades for building envelopes, which is included primarily in our CPG reportable segment. During the fiscal year ended May 31, 2025, we completed a total of six acquisitions across our three reportable segments. Most notably, on April 30, 2025, we acquired 100 % of the stock of Clean Topco Limited, including its wholly owned subsidiaries comprising the Star Brands Group, which is the parent company of The Pink Stuff. The Star Brands Group is included in our Consumer reportable segment and is a globally recognized leader in household cleaning products best known for its iconic cleaning paste, vibrant branding and signature scent. The total purchase price for this acquisition was $ 487.4 million. In addition to cash consideration, the seller may be eligible to receive a future contingent cash receipt of up to an additional $ 106.9 million upon achievement of certain financial goals. Furthermore, in the second quarter of fiscal 2025, we acquired TMP Convert SAS which …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

NOTE P CONTINGENCIES AND ACCRUED LOSSES Accrued loss reserves consist of the following: May 31, 2026 2025 (In thousands) Accrued product liability and other loss reserves $ 35,517 $ 24,781 Accrued warranty reserves 10,395 10,494 Accrued environmental reserves 5,346 1,426 Total Accrued Loss Reserves - Current $ 51,258 $ 36,701 Accrued product liability and other loss reserves - noncurrent $ 26,236 $ 25,206 Accrued warranty liability - noncurrent 3,379 3,534 Accrued environmental reserves - noncurrent 3,512 2,719 Total Accrued Loss Reserves - Noncurrent $ 33,127 $ 31,459 Product Liability Matters We provide, through our wholly-owned insurance subsidiaries, certain insurance coverage, primarily product liability coverage, to our other subsidiaries. Excess coverage is provided by third-party insurers. Our product liability accruals provide for these potential losses, as well as other uninsured claims. Product liability accruals are established based upon actuarial calculations of potential liability using industry experience, actual historical experience and actuarial assumptions developed for similar types of product liability claims, including development factors and lag times. To the extent there is a reasonable possibility that potential losses could exceed the amounts already accrued, we believe that the amount of any such additional loss would be immaterial to our results of operations, liquidity and consolidated financial position. Warranty Matters We also offer warranties …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE G BORROWINGS A description of long-term debt follows: May 31, 2026 2025 (In thousands) Total Long-Term Debt Revolving credit facility with a syndicate of banks, through February 27, 2031 (1) $ 598,155 $ 789,023 Accounts receivable securitization program with two banks, through April 30, 2028 274,000 190,000 Unsecured 3.75 % notes due March 15, 2027 (2) 399,950 399,885 Unsecured 4.55 % senior notes due March 1, 2029 (2) 349,835 349,782 Unsecured 2.95 % notes due January 15, 2032 (2) 299,599 299,535 Unsecured 5.25 % notes due June 1, 2045 (2) 301,320 301,363 Unsecured 4.25 % notes due January 15, 2048 (2) 299,993 299,992 Other obligations, including finance leases and unsecured notes payable at various rates of interest due in installments through 2035 21,797 28,041 Unamortized debt issuance costs ( 11,125 ) ( 11,008 ) 2,533,524 2,646,613 Less: current portion 407,834 7,691 Total Long-Term Debt, Less Current Maturities $ 2,125,690 $ 2,638,922 (1) Interest as of May 31, 2026 was 4.63 % for the USD denominated swingline account and the revolver, which are tied to SOFR; 2.93 % on EUR denominated debt which is tied to ESTR; 3.25 % on CAD denominated debt, which is tied to CORRA. The debt balances outstanding, excluding deferred financing fees, as of May 31, 2026 for the USD denominated swingline, USD denominated revolver, EUR denominated revolver, and CAD denominated revolver were as follows: $ 7.2 million, $ 55.0 million, $ 163.3 million, and $ 372.7 million. Interest as of …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE J STOCK-BASED COMPENSATION Stock-based compensation represents the cost related to stock-based awards granted to our associates and directors; these awards include restricted stock, restricted stock units, performance stock, performance stock units and SARs. We grant stock-based incentive awards to our associates and our directors under various share-based compensation plans. Plans that are active or provide for stock option grants or share-based payment awards include the Amended and Restated 2014 Omnibus Equity and Incentive Plan (the 2014 Omnibus Plan) and the 2024 Omnibus Equity and Incentive Plan (the 2024 Omnibus Plan), which include provisions for grants of restricted stock, restricted stock units, performance shares, performance units, unrestricted stock and SARs. The shares available for grant out of the 2014 Omnibus Plan have expired, therefore, all future grants will be issued from the 2024 Omnibus Plan until its expiration or replacement. We measure stock-based compensation cost at the date of grant, based on the estimated fair value of the award. We recognize the cost as expense on a straight-line basis (net of estimated forfeitures) over the related vesting period. The following table represents total stock-based compensation expense included in our Consolidated Statements of Income: Year Ended May 31, 2026 2025 2024 (In thousands) Stock-based compensation expense, included in SG&A $ 33,237 $ 27,042 $ 25,925 Stock-based compensation expense, included i …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

NOTE E FAIR VALUE MEASUREMENTS Financial instruments recorded in the Consolidated Balance Sheets include cash and cash equivalents, trade accounts receivable, marketable securities, notes and accounts payable, and debt. An allowance for credit losses is established for trade accounts receivable using assessments of current creditworthiness of customers, historical collection experience, the aging of receivables and other currently available evidence. Trade accounts receivable balances are written-off against the allowance if a final determination of uncollectibility is made. All provisions for allowance for doubtful collection of accounts are included in SG&A expense. The valuation techniques utilized for establishing the fair values of assets and liabilities are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect managements market assumptions. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value, as follows: Level 1 Inputs Quoted prices for identical instruments in active markets. Level 2 Inputs Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs Instruments with primarily unobservable value drivers. The f …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

"NOTE C GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill, by reportable segment, for the years ended May 31, 2026 and 2025, are as follows: CPG PCG Consumer (In thousands) Segment Segment Segment Total Balance as of June 1, 2024 $ 485,135 $ 279,810 $ 543,966 $ 1,308,911 Acquisitions and purchase price allocation adjustments 28,925 47,313 229,787 306,025 Impairments - - ( 11,352 ) ( 11,352 ) Translation adjustments & other 4,563 3,801 5,678 14,042 Balance as of May 31, 2025 518,623 330,924 768,079 1,617,626 Acquisitions and purchase price allocation adjustments 8,553 18,752 30,145 57,450 Translation adjustments & other 7,420 4,511 1,157 13,088 Balance as of May 31, 2026 $ 534,596 $ 354,187 $ 799,381 $ 1,688,164 Total accumulated goodwill impairment losses were $ 204.4 million at May 31, 2026. Of the accumulated balance, $ 152.8 million is included in our Consumer segment, $ 14.9 million is included in our CPG segment, and $ 36.7 million is included in our PCG segment. There were no impairment losses recorded during fiscal 2026. Changes in the Composition of our Segments in the First Quarter of Fiscal 2026 Effective June 1, 2025, we realigned certain businesses and management structures to recognize how we allocate resources and analyze the operating performance of our operating segments, as further discussed in Note R, ""Segment Information."" As such, we now report under three reportable segments instead of our four previous reportab …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE H INCOME TAXES The provision for income taxes is calculated in accordance with ASC 740, ""Income Taxes,"" which requires the recognition of deferred income taxes using the asset and liability method. Income before income taxes as shown in the Consolidated Statements of Income is summarized below for the periods indicated. Year Ended May 31, 2026 2025 2024 (In thousands) United States $ 671,812 $ 645,397 $ 625,167 Foreign 198,528 147,363 162,670 Income Before Income Taxes $ 870,340 $ 792,760 $ 787,837 Provision (benefit) for income taxes consists of the following for the periods indicated: Year Ended May 31, 2026 2025 2024 (In thousands) Current: U.S. federal $ 88,816 $ 113,885 $ 109,869 State and local 24,010 43,881 31,996 Foreign 62,199 49,174 62,168 Total Current 175,025 206,940 204,033 Deferred: U.S. federal 17,525 25,656 ( 2,263 ) State and local 10,391 160 618 Foreign 4,916 ( 130,323 ) ( 3,993 ) Total Deferred 32,832 ( 104,507 ) ( 5,638 ) Provision for Income Taxes $ 207,857 $ 102,433 $ 198,395 The significant components of deferred income tax assets and liabilities as of May 31, 2026 and 2025 were as follows: 2026 2025 (In thousands) Deferred income tax assets related to: Inventories $ 19,650 $ 17,348 Accrued compensation and benefits 22,456 15,430 Other accrued and prepaid expenses, net 27,166 21,294 Deferred income and other long-term liabilities 26,954 24,880 Credit, net operating, interest and capital loss carryforwards 109,875 60,457 Research and development …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE M LEASES We have leases for manufacturing facilities, warehouses, office facilities, equipment, and vehicles, which are primarily classified and accounted for as operating leases. Some leases include one or more options to renew, generally at our sole discretion, with renewal terms that can extend the lease term from one to five years or more. In addition, certain leases contain termination options, where the rights to terminate are held by either us, the lessor, or both parties. These options to extend or terminate a lease are included in the lease terms when it is reasonably certain that we will exercise that option. We have made an accounting policy election not to recognize right-of-use (""ROU"") assets and lease liabilities for leases with a term of twelve months or less, with no renewal option that we are reasonably certain to exercise. ROU assets and lease liabilities are recognized based on the present value of the fixed and in-substance fixed lease payments over the lease term at the commencement date. The ROU assets also include any initial direct costs incurred and lease payments made at or before the commencement date and are reduced by lease incentives. We use our incremental borrowing rate as the discount rate to determine the present value of the lease payments for leases, as our leases do not have readily determinable implicit discount rates. Our incremental borrowing rate is the rate of interest that we would have to borrow on a collateralized basis ove …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

"20) Recent Accounting Pronouncements New Pronouncements Adopted In December 2023, the FASB issued ASU 2023-09, ""Income Taxes (Topic 740): Improvements to Income Tax Disclosures,"" which requires a public business entity to disclose specific categories in its annual effective tax rate reconciliation and disaggregated information about significant reconciling items by jurisdiction and by nature. The ASU also requires entities to disclose annually their income tax payments (net of refunds) to international, federal, and state and local jurisdictions. The guidance makes several other changes to annual income tax disclosure requirements. This guidance is effective for fiscal years beginning after December 15, 2024, and, when issued, was allowed to be applied on a retrospective or prospective basis, and early adoption was permitted. We adopted the new standard effective May 31, 2026 on a prospective basis. Adoption of this ASU resulted in additional annual income tax disclosures, but did no t impact our consolidated balance sheet, results of operations or cash flows. Refer to Note H, Income Taxes, to the Consolidated Financial Statements. In November 2023, the FASB issued Accounting Standard Update (""ASU"") 2023-07, ""Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,"" which expands disclosures about a public business entity's reportable segments and provides for more detailed information about a reportable segment's expenses. This guidance is effect …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

"NOTE B RESTRUCTURING We record restructuring charges associated with management-approved restructuring plans to either reorganize one or more of our business segments, or to remove duplicative headcount and infrastructure associated with our businesses. Restructuring charges can include severance costs to eliminate a specified number of associates, infrastructure charges to vacate facilities and consolidate operations, contract cancellation costs and other costs. We record the short-term portion of our restructuring liability in other accrued liabilities and the long-term portion, if any, in other long-term liabilities in our Consolidated Balance Sheets. Margin Achievement Plan 2025 In August 2022, we approved and announced MAP 2025, which was a multi-year restructuring plan designed to improve margins by streamlining business processes, reducing working capital, implementing commercial initiatives to drive improved mix, pricing discipline and salesforce effectiveness and improving operating efficiency. On May 31, 2025, we formally concluded MAP 2025; however, certain projects identified prior to that date will be completed during fiscal 2027. As a result, we plan to continue recognizing restructuring costs in fiscal 2027. The current total expected costs associated with this plan are outlined below and increased approximately $ 1.2 million compared to our prior quarter estimate, attributable to an increase in expected severance and benefit charges of $ 0.1 million and an in …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

NOTE Q REVENUE We operate a portfolio of services and product lines which include a variety of specialty paints, protective coatings, roofing systems, flooring solutions, sealants, cleaners and adhesives, among other things. We disaggregate revenues from the sales of our products and services based upon geographical location by each of our reportable segments, which are aligned by similar economic factors, trends and customers, which best depict the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. See Note R, Segment Information, to the Consolidated Financial Statements for further details regarding our disaggregated revenues, as well as a description of each of the unique revenue streams related to each of our three reportable segments. Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. The majority of our revenue is recognized at a point in time. However, we also record revenues generated under construction contracts, mainly in connection with the installation of specialized roofing and flooring systems and related services. For certain polymer flooring installation projects, we account for our revenue using the output method, as we consider square footage of completed flooring to be the best measure of progress toward the complete satisfaction of the performance obligat …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

"NOTE R SEGMENT INFORMATION Effective June 1, 2025, we realigned certain businesses and management structures to recognize how we allocate resources and analyze the operating performance of our operating segments. As such, we now report under three reportable segments instead of our four previous reportable segments. Our three reportable segments are: CPG, PCG and Consumer. In connection with this realignment, we transferred our Legend Brands reporting unit from SPG to CPG, our Industrial Coatings Group and Food Group reporting units from SPG to PCG, and our Color Group reporting unit from SPG to Consumer. This realignment changed our reportable segments beginning with our first quarter of fiscal 2026. As a result, historical segment results have been recast to reflect the impact of this change. We operate a portfolio of services and product lines which include a variety of specialty paints, protective coatings, roofing systems, flooring solutions, sealants, cleaners and adhesives, among other things. We manage our portfolio by organizing our businesses and product lines into three reportable segments as outlined be low, which are comprised from our four operating segments. We have aggregated our Legend Brands and CPG operating segments into our CPG reportable segment, because they are economically similar and meet the other aggregation criteria for determining reportable segments. Within each operating segment, we manage product lines and businesses which generally address c …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE A SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 1) Consolidation, Noncontrolling Interests and Basis of Presentation The accompanying Consolidated Financial Statements have been prepared in accordance with GAAP and the instructions to Form 10-K. In our opinion, all adjustments (consisting of normal, recurring accruals) considered necessary for fair presentation have been included for the periods ended May 31, 2026, 2025, and 2024. Effective June 1, 2025, we realigned certain businesses and management structures to recognize how we allocate resources and analyze the operating performance of our operating segments. As such, we now report under three reportable segments instead of our four previous reportable segments. Our three reportable segments are CPG, PCG and Consumer. This realignment changed our reportable segments beginning with our first quarter of fiscal 2026. As a result, historical segment results disclosed in Note B, ""Restructuring,"" Note C, Goodwill and Other Intangible Assets and Note R, ""Segment Information,"" have been recast to reflect the impact of this change. These prior period reclassifications have no impact on previously reported financial position, net income or cash flows. See Note R, Segment Information, to the Consolidated Financial Statements for further detail. Our financial statements include all of our majority-owned subsidiaries. We account for our investments in less-than-majority-owned joint ventures, for which we have the ability to exe …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

NOTE 14 CONTINGENCIES AND ACCRUED LOSSES Product Liability Matters We provide, through our wholly-owned insurance subsidiaries, certain insurance coverage, primarily product liability coverage, to our other subsidiaries. Excess coverage is provided by third-party insurers. Our product liability accruals provide for these potential losses as well as other uninsured claims. Product liability accruals are established based upon actuarial calculations of potential liability using industry experience, actual historical experience and actuarial assumptions developed for similar types of product liability claims, including development factors and lag times. To the extent there is a reasonable possibility that potential losses could exceed the amounts already accrued, we believe that the amount of any such additional loss would be immaterial to our results of operations, liquidity and consolidated financial position. Warranty Matters We also offer warranties on many of our products, as well as long-term warranty programs at certain of our businesses, and have established product warranty liabilities. We review these liabilities for adequacy on a quarterly basis and adjust them as necessary. The primary factors that could affect these liabilities may include changes in performance rates as well as costs of replacement. Provision for estimated warranty costs is recorded at the time of sale and periodically adjusted, as required, to reflect actual experience. It is probable that we will …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 5 FAIR VALUE MEASUREMENTS Financial instruments recorded in the Consolidated Balance Sheets include cash and cash equivalents, trade accounts receivable, marketable securities, notes and accounts payable, and debt. An allowance for credit losses is established for trade accounts receivable using assessments of current creditworthiness of customers, historical collection experience, the aging of receivables and other currently available evidence. Trade accounts receivable balances are written-off against the allowance if a final determination of uncollectibility is made. All provisions for allowance for doubtful collection of accounts are included in SG&A expense. The valuation techniques utilized for establishing the fair values of assets and liabilities are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect managements market assumptions. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value, as follows: Level 1 Inputs Quoted prices for identical instruments in active markets. Level 2 Inputs Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs Instruments with primarily unobservable value drivers. The f …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

NOTE 8 INCOME TAXES The effective income tax rate of 25.5 % for the three months ended February 28, 2026, compares to the effective income tax benefit rate of ( 27.7 %) for the three months ended February 28, 2025. The effective income tax rate of 23.8 % for the nine months ended February 28, 2026, compares to the effective income tax rate of 14.7 % for the nine months ended February 28, 2025. The effective income tax rates for the three- and nine-month periods ended February 28, 2026 and 2025, reflect variances from the 21 % statutory rate due to the unfavorable impact of state and local income taxes, non-deductible business expenses, and the net tax on foreign subsidiary income resulting from the global intangible low-taxed income provisions, partially offset by tax benefits related to equity compensation and foreign tax credits. Additionally, the effective income tax rate for the three- and nine-month periods ended February 28, 2025, reflect a net $ 22.1 million favorable adjustment for the reversal of valuation allowances on U.S. foreign tax credit carryforwards. Further, the effective income tax rate for the nine-month period reflects net favorable income tax adjustments recorded during the first and second quarters of fiscal 2025, including a $ 21.8 million adjustment for an increase in our deferred income tax assets for U.S. foreign tax credit carryforwards and for incremental U.S. foreign tax credits associated with a distribution of historic foreign earnings that wer …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"NEW ACCOUNTING PRONOUNCEMENTS New Pronouncements Adopted In November 2023, the Financial Accounting Standards Board (""FASB"") issued Accounting Standard Update (""ASU"") 2023-07, ""Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,"" which expands disclosures about a public business entity's reportable segments and provides for more detailed information about a reportable segment's expenses. This guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and requires retrospective application to all prior periods presented in the financial statements. We adopted the new standard effective May 31, 2025 . Adoption of this ASU resulted in additional disclosure, but did no t impact our consolidated balance sheet, results of operations or cash flows. Refer to Note 17, Segment Information, to the Consolidated Financial Statements. New Pronouncements Issued In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The ASU amends the existing standard to remove all references to prescriptive and sequential software development project stages. Under this guidance, eligible software development costs will begin capitalization when management has authorized and committed to funding the software project, and it is probable that the project w …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

NOTE 13 PENSION PLANS We offer defined benefit pension plans, defined contribution pension plans, and various postretirement benefit plans. The following tables provide the retirement-related benefit plans impact on income before income taxes for the three- and nine-month periods ended February 28, 2026 and 2025: U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended (In thousands) February 28, February 28, February 28, February 28, Pension Benefits 2026 2025 2026 2025 Service cost $ 10,863 $ 10,804 $ 1,467 $ 1,120 Interest cost 9,484 9,795 2,028 1,963 Expected return on plan assets ( 13,326 ) ( 12,017 ) ( 2,506 ) ( 2,376 ) Amortization of: Prior service cost (credit) 1 1 ( 25 ) ( 32 ) Net actuarial losses recognized 1,448 2,153 323 294 Net Periodic Benefit Cost $ 8,470 $ 10,736 $ 1,287 $ 969 U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended (In thousands) February 28, February 28, February 28, February 28, Postretirement Benefits 2026 2025 2026 2025 Service cost $ - $ - $ 234 $ 425 Interest cost 12 21 272 318 Amortization of: Net actuarial losses (gains) recognized 9 ( 6 ) ( 256 ) ( 140 ) Net Periodic Benefit Cost $ 21 $ 15 $ 250 $ 603 U.S. Plans Non-U.S. Plans Nine Months Ended Nine Months Ended (In thousands) February 28, February 28, February 28, February 28, Pension Benefits 2026 2025 2026 2025 Service cost $ 32,589 $ 32,412 $ 4,401 $ 3,360 Interest cost 28,452 29,385 6,084 5,889 Expected return on plan assets ( 39,978 ) ( 36,051 ) ( 7,518 ) ( 7,12 …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE 3 RESTRUCTURING We record restructuring charges associated with management-approved restructuring plans to either reorganize one or more of our business segments, or to remove duplicative headcount and infrastructure associated with our businesses. Restructuring charges can include severance costs to eliminate a specified number of associates, infrastructure charges to vacate facilities and consolidate operations, contract cancellation costs and other costs. We record the short-term portion of our restructuring liability in other accrued liabilities and the long-term portion, if any, in other long-term liabilities in our Consolidated Balance Sheets. Margin Achievement Plan 2025 In August 2022, we approved and announced our Margin Achievement Plan 2025 (MAP 2025), which was a multi-year restructuring plan designed to improve margins by streamlining business processes, reducing working capital, implementing commercial initiatives to drive improved mix, pricing discipline and salesforce effectiveness and improving operating efficiency. On May 31, 2025, we formally concluded MAP 2025; however, certain projects identified prior to May 31, 2025, are not yet completed. As a result, we plan to continue recognizing restructuring costs throughout fiscal 2026. The current total expected costs associated with this plan are outlined below and increased approximately $ 0.5 million compared to our prior quarter estimate, attributable to increases in expected facility closure and other …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 16 REVENUE We operate a portfolio of services and product lines which include a variety of specialty paints, protective coatings, roofing systems, flooring solutions, sealants, cleaners and adhesives, among other things. We disaggregate revenues from the sales of our products and services based upon geographical location by each of our reportable segments, which are aligned by similar economic factors, trends and customers, which best depict the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. See Note 17, Segment Information, to the Consolidated Financial Statements for further details regarding our disaggregated revenues, as well as a description of each of the unique revenue streams related to each of our three reportable segments. Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. The majority of our revenue is recognized at a point in time. However, we also record revenues generated under construction contracts, mainly in connection with the installation of specialized roofing and flooring systems and related services. For certain polymer flooring installation projects, we account for our revenue using the output method, as we consider square footage of completed flooring to be the best measure of progress toward the complete satisfaction of the performance oblig …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

"NOTE 17 SEGMENT INFORMATION Effective June 1, 2025, we realigned certain businesses and management structures to recognize how we allocate resources and analyze the operating performance of our operating segments. As such, we now report under three reportable segments instead of our four previous reportable segments. Our three reportable segments are: CPG, PCG and Consumer. In connection with this realignment, we transferred our Legend Brands reporting unit from SPG to CPG, our Industrial Coatings Group and Food Group reporting units from SPG to PCG, and our Color Group reporting unit from SPG to Consumer. This realignment changed our reportable segments beginning with our first quarter of fiscal 2026. As a result, historical segment results have been recast to reflect the impact of this change. We operate a portfolio of services and product lines which include a variety of specialty paints, protective coatings, roofing systems, flooring solutions, sealants, cleaners and adhesives, among other things. We manage our portfolio by organizing our businesses and product lines into three reportable segments as outlined be low, which are comprised from our four operating segments. We have aggregated our Legend Brands and CPG operating segments into our CPG reportable segment, because they are economically similar and meet the other aggregation criteria for determining reportable segments. Within each operating segment, we manage product lines and businesses which generally address …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE 18 SUBSEQUENT EVENTS Stock Repurchase Subsequent to February 28, 2026, we repurchased 246,321 shares of RPM common stock at a cost of approximately $ 25.0 million, or an average of $ 101.49 per share, under the stock repurchase program described in Note 10, ""Stock Repurchase Program."" Business Acquisition On March 31, 2026, we completed the previously announced acquisition of Kalzip GmbH (""Kalzip""), a global leader in the design and production of metal-based roofs and facades for building envelopes. Kalzip generated net sales of approximately 75.0 million in calendar year 2024 and will be included in our CPG reportable segment."

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