RPM Achieves Record Sales for Fiscal 2022 Third Quarter
RPM International Inc. recently reported financial results for its fiscal 2022 third quarter, ended February 28, 2022. Fiscal 2022 third-quarter net sales were a record $1.43 billion, an increase of 13% over the $1.27 billion reported a year ago.
“RPM’s associates persevered through unprecedented supply chain challenges, Omicron-related disruptions and inflation to generate record EBIT and record sales during the third quarter despite a difficult comparison to the prior year,” said Frank C. Sullivan, chairman and CEO. “Adjusted EBIT growth was driven by three of our four segments, which leveraged selling price adjustments and operational improvements to the bottom line.