RPM Reports Record Fiscal Fourth Quarter 2015 Results
RPM International Inc. recently reported record sales, net income and diluted earnings per share for its fiscal fourth quarter ended May 31, 2015.
Fourth-quarter net sales increased 7.5% to $1.37 billion from $1.28 billion. Consolidated earnings before interest and taxes (EBIT) improved 18.7% to $204.3 million, from $172.1 million last year. Net income for the fourth quarter was up 17.7% to $128 million from $108.8 million.
Fiscal 2015 fourth-quarter industrial segment sales increased 14.2% to $878.5 million from $769.2 million. Organic sales improved 6.4%, while acquisition growth added 16.3%.
“We are pleased with RPM's fourth-quarter performance,” said Frank C. Sullivan, CEO, “especially in view of the headwinds posed by the very strong U.S. dollar and sluggish conditions in many international regions, including much of Europe and Latin America. Despite these challenges, our operating companies continue to compete and win in their respective markets, helping to drive our growth.”
For more information, visit www.rpminc.com.