RPM’s fiscal 2019 consolidated full-year net sales increased 4.6% to $5.56 billion from $5.32 billion in fiscal 2018.
RPM International Inc. recently reported financial results for its fiscal 2019 fourth quarter and full year, ended May 31, 2019. Net sales for the fourth quarter increased 2.8% to $1.60 billion from $1.56 billion in the prior fiscal year. Net income in the 2019 quarter increased 55.7% to $133.4 million from $85.7 million reported in the fourth quarter of fiscal 2018.
“We are very pleased with our significant earnings leverage for the quarter, which was bolstered by our 2020 MAP to Growth operating improvement plan, the benefits of which are beginning to be realized,” said Frank C. Sullivan, chairman and CEO. “Also contributing to the bottom line were recently implemented price increases and stabilizing raw material cost inflation. These gains were partially offset by continuing increases in costs for distribution and labor.