RPM International Inc. recently reported double-digit increases in sales and net income for its fiscal 2012 first quarter ended August 31. Fiscal 2012 first quarter net sales of $985.9 million were 10.2% ahead of the $894.8 million reported a year ago. Net income attributable to RPM stockholders was $76.8 million, an increase of 11.3% compared to $69.0 million reported in the fiscal 2011 first quarter.
“First quarter results were on plan, with both our industrial and consumer segments posting solid increases in both sales and EBIT, despite the continued challenging economic climate and higher raw material costs,” said Frank C. Sullivan, chairman and CEO.
Additional details are available at www.rpminc.com