RPM International Inc. recently reported record sales and net income for both its fiscal fourth quarter and fiscal year ended May 31. Fourth quarter net sales increased 9.1%, from $1.17 billion to $1.28 billion. Consolidated earnings before interest and taxes (EBIT) grew 36.5%, from $126.1 million a year ago to $172.1 million. Net income for the fourth quarter was $108.8 million, up 66.4% from the $65.4 million reported in the fourth quarter of fiscal 2013.
Fiscal 2014 consolidated net sales rose 7.3%, from $4.08 billion in fiscal 2013 to $4.38 billion. On an as-reported basis, consolidated EBIT was up 95.5%, from $250.6 million in fiscal 2013 to $489.7 million. Net income increased 195.8%, from $98.6 million in fiscal 2013 to $291.7 million.