RPM International Inc. recently reported financial results for its fiscal 2013 third quarter ended February 28, 2013. On an as-reported basis, net sales grew 9.1%, from $773.6 million to $843.7 million. Industrial segment sales increased 6.1%, from $501.9 million to $532.3 million in the fiscal 2012 third quarter. Organic sales improved 1.6%, including foreign exchange translation gains of 1.2%, while acquisitions added 4.5%. Industrial segment EBIT fell to a negative $66.3 million, including the impact of both adjustments referred to above.
RPM’s Consumer segment had a 14.6% increase in net sales, from $271.7 million to $311.4 million in the fiscal 2012 third quarter. Organic sales improved 2.5%, including foreign exchange translation gains of 0.3%, while acquisitions added 12.1%. Consumer segment EBIT increased 61.6% to $34.7 million from $21.5 million a year ago.