MEDINA, Ohio - RPM International Inc. announced that outstanding performance in the company's consumer segment and more modest gains in its industrial segment resulted in significant increases in sales, net income and diluted earnings per share for the fiscal 2014 first quarter ended August 31, 2013.
Fiscal 2014 first-quarter net sales of $1.165 billion increased 11.3 percent over the $1.047 billion reported a year ago. RPM's consolidated earnings before interest and taxes (EBIT) grew 96.4 percent to $164.0 million from $83.5 million reported in the fiscal 2013 first quarter. First-quarter net income increased 204.0 percent to $103.1 million, up from the $33.9 million reported in the year-ago period, and diluted earnings per share improved by 196.2 percent to $0.77 from $0.26.