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.