RPM International reported net income increased 65% for fiscal 2021.
RPM International Inc. recently reported financial results for its fiscal 2021 fourth quarter and year ended May 31, 2021. Fiscal 2021 net sales were $6.1 billion, an increase of 10.9% compared to $5.5 billion during fiscal 2020. Organic sales increased 8.1%, while acquisitions added 1.8%. Foreign currency translation increased sales by 1%.
The Construction Products Group’s fiscal 2021 full-year sales were nearly $2.1 billion, an increase of 10.4% compared to almost $1.9 billion during fiscal 2020. Sales grew organically by 9.5%, and foreign currency translation added 0.9%.