RPM International Inc. recently announced an increase in sales and net income for the fiscal 2014 first quarter ended August 31, 2013. Fiscal 2014 first quarter net sales were $1.165 billion, up 11.3% over $1.047 billion a year ago. First quarter net income increased 204.0% to $103.1 million, up from the $33.9 million reported in the year-ago period.
RPM’s consumer segment reported a 26.2% increase in sales, from $343.4 million in the first quarter last year to $433.4 in fiscal 2013. The company’s industrial segment net sales grew 4%, to $731.2 million from the $703.3 million reported a year ago.