RPM Fourth Quarter 2016 Sales Rise 4%
RPM International Inc. recently reported record sales and net income for its fiscal fourth quarter.
RPM International Inc. recently reported record sales and net income for its fiscal fourth quarter and year ended May 31, 2016.
Fourth-quarter net sales increased 3.9%, from $1.37 billion to $1.43 billion. Net income for the fourth quarter was up 19.5% to $152.9 million from $128 million reported in the fourth quarter of fiscal 2015. Fiscal 2016 consolidated full-year net sales increased 4.8% to $4.81 billion from $4.59 billion in fiscal 2015. Net income increased 48.1% to $354.7 million from the reported $239.5 million in fiscal 2015.
“RPM turned in a solid performance for our fourth quarter, especially in light of the headwinds posed by the continuing strong U.S. dollar, slow growth in many international regions and a worldwide recession in the energy and heavy manufacturing segments of the economy," said Frank C. Sullivan, chairman and CEO.
For more information, visit www.rpminc.com.