MEDINA, OH - RPM International Inc. reported a 20 percent increase in net income and a 19 percent increase in earnings per diluted share on an 8 percent sales increase for its fiscal 2016 second quarter ended November 30, 2015.
Net sales of $1.16 billion were up 7.9 percent over the $1.07 billion reported a year ago. Consolidated EBIT (earnings before interest and taxes) increased 17.9 percent, to $141.6 million from $120.1 million in the fiscal 2015 second quarter. Fiscal 2016 second-quarter net income was up 19.6 percent, to $83.4 million from $69.8 million in the fiscal 2015 second quarter. Earnings per diluted share increased 19.2 percent, to $0.62 from $0.52 a year ago.