RPM International Inc. (NYSE:RPM) Q2 2024 Earnings Conference Call January 4, 2024 10:00 AM ET

Company Participants

Matthew Schlarb - Senior Director, IR

Frank Sullivan - Chairman & CEO

Michael Laroche - VP, Controller & CAO

Russell Gordon - VP & CFO

Conference Call Participants

John McNulty - BMO Capital Markets

David Huang - Deutsche Bank

Joshua Spector - UBS

Jeff Zekauskas - JPMorgan

Vincent Andrews - Morgan Stanley

Michael Harrison - Seaport Research Partners

Michael Sison - Wells Fargo

Ryan Weis - KeyBanc

Stephen Byrne - Bank of America Securities

Frank Mitsch - Fermium Research

Kevin McCarthy - Vertical Research Partners

Ghansham Panjabi - Baird

Arun Viswanathan - RBC Capital Markets

Operator

Good morning, and welcome to the RPM International Fiscal Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [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.

Matthew Schlarb

Thank you, Gary, and welcome to RPM International's conference call for the fiscal 2024 second quarter. Joining today's call are Frank Sullivan, RPM's Chair and CEO; Rusty Gordon, Vice President and Chief Financial Officer; and Michael Laroche, Vice President, Controller and Chief Accounting Officer. The 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 second quarter of fiscal 2023, unless otherwise indicated. We have provided a supplemental slide presentation to support our comments on the call. It can be accessed in the Presentation and Webcasts section of the RPM website at www.rpminc.com.

Additionally, as a reminder, 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.