RPM International Inc. recently reported financial results for its fiscal 2013 fourth quarter and year ended May 31, 2013, which reportedly reflected strong operating performance offset by non-operating adjustments for both the quarter and full year. On an as-reported basis, fourth quarter net sales increased 6.3%, from $1.10 billion to $1.17 billion. As-reported net income for the fourth quarter was $65.4 million, down 20.8% from the $82.6 million reported in the fourth quarter of fiscal 2012.
Fiscal 2013 consolidated net sales increased 8% to $4.08 billion, up from $3.78 billion in fiscal 2012. Net income declined 54.3%, from $215.9 million to $98.6 million.