RPM Reports Sharp Improvement in Fiscal 2012 Third-Quarter Results
MEDINA, OH - RPM International Inc. reported marked increases in net sales, net income and diluted earnings per share for its fiscal 2012 third quarter ended February 29, 2012.
Net sales, net income and earnings per share for the third quarter all posted strong improvements versus prior-year results in the seasonally weak period. Net sales grew 14 percent to $773.6 million from $678.9 million, while consolidated earnings before interest and taxes (EBIT) grew 99.8 percent, to $27.1 million from $13.6 million a year ago. Net income attributable to RPM stockholders increased 503.9 percent to $6.6 million, compared to $1.1 million in the year-ago period. Diluted earnings per share were $0.05, compared to $0.01 in the fiscal 2011 third quarter.