Net sales grew 3.4% to $1 billion in the fiscal 2017 third quarter.
RPM International Inc. recently reported record sales for its fiscal 2017 third quarter ended February 28. Third-quarter net income declined vs. the prior-year period primarily due to a pre-tax charge of $4.9 million for an intangible impairment on the Restore product line, and a pre-tax charge of $4.2 million for the closing of a European manufacturing facility.
Net sales grew 3.4% to $1 billion in the fiscal 2017 third quarter from $988.6 million in the fiscal 2016 third quarter. Net income of $11.9 million in the fiscal 2017 third quarter decreased 35.8% from $18.6 million reported a year ago.