Fiscal 2019 first-quarter net sales were reportedly a record $1.46 billion.
RPM International Inc. recently reported financial results for its fiscal 2019 first quarter, which ended August 31. Fiscal 2019 first-quarter net sales were reportedly a record $1.46 billion, up 8.5% over the $1.35 billion reported a year ago.
“We saw strong top-line sales growth in the first quarter, with organic sales growth up 7.8%, while profitability continued to be adversely affected by rising raw material costs,” said Frank C. Sullivan, chairman and CEO. “In addition, bottom-line results reflected the impact of restructuring charges, higher legal and advertising costs in our consumer segment, and the adverse effect of transactional foreign exchange.