MEDINA, OH - RPM International Inc. reported record sales and EBIT for its fiscal 2016 third quarter, which ended February 29, 2016, despite the strong U.S. dollar and overall weakness in many global markets outside the United States.
Net sales grew 4.5 percent to $988.6 million in the fiscal 2016 third quarter from $946.4 million in the fiscal 2015 third quarter. Consolidated earnings before interest and taxes (EBIT) were $42.1 million, up 23.1 percent from $34.2 million a year ago. Net income of $18.6 million in the fiscal 2016 third quarter compares to a reported loss of $57.3 million a year ago. Third-quarter diluted earnings per common share were $0.14, compared to a year-ago reported loss of $0.44.