RPM International Inc. (RPM) Q1 2023 Earnings Call Transcript

For the period ending August 31, 2022

October 5, 2022 10:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

(Starts Abruptly) 2023 First Quarter. My name is Waseem, and I will be your operator for today's call. Following this -- following today’s presentation, there will be a question-and-answer session. [Operator Instructions] Please note, that our financial analyst will be permitted to ask questions.

At this time, I would like to turn the call over to Matt Schlarb, Senior Director, Investor Relations at RPM. Please go ahead, sir.

Matt Schlarb

Thank you, Waseem. and welcome to RPM International's conference call for the fiscal 2023 first quarter. Today's call is being recorded. Joining today's call are Frank Sullivan, RPM's Chairman and CEO; Rusty Gordon, Vice President and Chief Financial Officer; and Michael Laroche, Vice President, Controller and Chief Accounting Officer. This call is being webcast and can be accessed live or replayed on the RPM website at www.RPMinc.com.

Comments made on this call may include forward-looking statements based on current expectations that involve risks and uncertainties, which could cause actual results to be materially different. For more information on these risks and uncertainties, please visit RPM’s reports filed with the SEC.

During this conference call, references may be made to non-GAAP financial measures. To assist you in understanding these non-GAAP terms, RPM has posted reconciliations to the most directly comparable GAAP financial measures on the RPM website.

Also, please note that our comments will be on an as adjusted basis and all comparisons are to the first quarter of fiscal 2022 unless otherwise indicated. We have provided a supplemental slide presentation to support our comments on this call. It can be accessed in the Presentations and Webcasts section of the RPM website at www.RPMinc.com.

At this time, I would like to turn the call over to Frank.

Frank Sullivan

Thanks, Matt. Good morning. I'll share a broad commentary on our consolidated performance for the quarter, and then Mike Laroche will provide details on our financial results, after which Rusty Gordon will conclude our prepared remarks with our outlook. After our prepared remarks, we'll be pleased to take your questions.

Before I begin discussing our results, I'd first like to send our best wishes and thoughts to all those impacted by Hurricane Ian, including many of our own associates. We're all grateful for the first responders and safety professionals who are playing a critical role in keeping people safe and rescuing those in danger.