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Adhesives and Sealants TopicsAdhesives & Sealants HeadlinesCoatingsFinished Adhesives and Sealants

RPM Second Quarter 2019 Sales up 3%

Fiscal 2019 second-quarter net sales were a record $1.36 billion.

January 9, 2019

RPM International Inc. recently reported financial results for its fiscal 2019 second quarter, which ended November 30, 2018. Fiscal 2019 second-quarter net sales were a record $1.36 billion, up 3.6% over the $1.32 billion reported a year ago. The quarter’s results include the impact of charges of $29.2 million primarily for acquisitions, convertible debt extinguishment and restructuring related to the company’s operating improvement plan.

“We achieved solid top-line improvement with sales growth of 3.6%, despite the unfavorable foreign currency translation effect of 2%,” said Frank C. Sullivan, chairman and CEO.  “Like many manufacturers, our bottom line was impacted by a continued rise in costs for raw materials, freight, labor and energy, as well as adverse foreign exchange translation.”

For more information, visit www.rpminc.com.

KEYWORDS: financial results

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