Headlines / Finished Adhesives and Sealants

RPM Third Quarter Sales Rise 2%

April 10, 2014
/ Print / Reprints /
ShareMore
/ Text Size+

RPM International Inc. recently reported record financial results for its fiscal 2014 third quarter ended February 28, 2014, which reportedly reflected strong performance by the company’s industrial segment that overcame weather-related weakness in its consumer segment. Third quarter net sales grew 2.3% to $863.4 million in the fiscal 2014 third quarter, compared to $843.7 million in the fiscal 2013 third quarter. Consolidated earnings before interest and taxes (EBIT) were $37.2 million, compared to a reported negative $48.6 million in the fiscal 2013 third quarter. Record net income for the fiscal 2014 third quarter was $16.2 million, compared to the reported net loss for the year-ago quarter of $42.4 million.

“We are pleased with RPM's third-quarter performance, especially in light of the severe cold weather during the quarter in North America, which had a pronounced effect on our consumer segment and impacted some of our industrial businesses as well,” said Frank C. Sullivan, chairman and CEO. “Our strategically balanced business model continues to serve us well in these choppy economic times, with this quarter’s industrial segment growth offsetting weather-induced weakness in the consumer segment. While the third quarter is typically affected by seasonality, the impact was even more pronounced this year. We believe that most sales deferred as a result of weather will be realized over the coming months.”

For more information, visit www.rpminc.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI July 2014 cover

2014 July

Our annual Distributor Directory helps you locate a distributor that best suits your needs. Check it out today!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px