MEDINA, OH - RPM International Inc. reported sharp gains in net sales, net income and diluted earnings per share for its fiscal 2012 fourth quarter and year ended May 31, 2012.
Net sales, net income and diluted earnings per share for the fourth quarter were all up significantly over prior-year results. Net sales grew 12.2 percent to a record $1.1 billion from $981.8 million in fiscal 2011. Consolidated earnings before interest and taxes (EBIT) increased 16.5 percent to $139.5 million from $119.8 million a year ago. Net income was up 17.7 percent to $82.6 million from $70.2 million a year ago. Diluted earnings per share improved 16.7 percent to $0.63 from $0.54 in the fiscal 2011 fourth quarter.