RPM International Inc. (NYSE:RPM) Q1 2024 Earnings Conference Call October 4, 2023 10:00 AM ET
Company Participants
Matt Schlarb - Senior Director, IR
Frank Sullivan - Chairman and CEO
Michael Laroche - VP, Controller and CAO
Rusty Gordon - VP and CFO
Conference Call Participants
Mike Harrison - Seaport Research Partners
Ghansham Panjabi - Baird
John McNulty - BMO Capital Markets
Stephen Byrne - Bank of America Securities
Josh Spector - UBS
David Huang - Deutsche Bank
Frank Mitsch - Fermium Research
Kevin McCarthy - Vertical Research Partners
Jeff Zekauskas - JPMorgan
Steve Haynes - Morgan Stanley
Arun Viswanathan - RBC Capital Markets
Operator
Good morning, and welcome to the RPM International Fiscal First Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Matt Schlarb, Senior Director of Investor Relations. Please go ahead.
Matt Schlarb
Thank you, Andrea, and welcome to RPM International's conference call for the fiscal 2024 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 also 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 review 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 2023, 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.
Additionally, as we discussed on our most recent earnings call, certain businesses in Asia-Pacific that were previously part of the Construction Products Group are now being managed and reported under the Performance Coatings Group effective June 1, 2023. As a result, all references to CPG and PCG today reflect the updated structure. The recast businesses generate approximately $100 million in annual sales, and this change has no impact on consolidated results.