RPM Reports Results for Fiscal 2020 Third Quarter and First Nine Months, Addresses Uncertainties Related to COVID-19
RPM’s fiscal 2020 third quarter net sales reached $1.17 billion, an increase of 2.9% over the $1.14 billion reported a year ago.
RPM International Inc. recently reported financial results for its fiscal 2020 third quarter ended February 29, 2020. Fiscal 2020 third quarter net sales reached $1.17 billion, an increase of 2.9% over the $1.14 billion reported a year ago.
“Our financial performance was strong during the third quarter and was achieved prior to the global COVID-19 pandemic, when underlying market conditions were robust,” said Frank C. Sullivan, chairman and CEO. “We are doing our part to control the spread of the virus, with our priorities being to protect the health and well-being of our associates and their family members, support our local communities to control the spread of the virus, and serve our customers by maintaining the continuity and success of our business operations. We are taking actions to adjust our business activities during this period of uncertainty and are well-positioned with a strong balance sheet and $1.14 billion in liquidity.”