RPM International Inc. recently reported financial results for its fiscal 2021 first quarter, ended August 31, 2020. The company’s fiscal 2021 first quarter net sales increased 9.1% to a record $1.6 billion, compared to the almost $1.5 billion reported a year ago.

“Our strategically balanced business model, the resiliency of our operating companies and our MAP to Growth operating improvement program have enabled RPM to pull through the depths of the economic slowdown created by the Covid-19 pandemic, and we are now pivoting the business towards resumed growth,” said Frank C. Sullivan, chairman and CEO. “During our fiscal 2021 first quarter, select segments of the global economy began to gain momentum as stay-at-home orders were relaxed, which freed pent-up demand from last year’s fourth quarter. This helped drive our record top-line results, which grew 9.1% over the prior-year period. This was in sharp contrast to the Covid-19-related sales decline we reported for the fiscal 2020 fourth quarter.