RPM Reports Record Results for Quarter, Declares Dividend
MEDINA, OH – RPM International Inc. reported record financial results for its fiscal 2014 third quarter ended February 28, 2014, which reflected strong performance by the company's industrial segment that overcame weather-related weakness in its consumer segment.
"We are pleased with RPM's third-quarter performance, especially in light of the severe cold weather during the quarter in North America, which had a pronounced effect on our consumer segment and impacted some of our industrial businesses as well," said Frank C. Sullivan, Chairman and Chief Executive Officer. "Our strategically balanced business model continues to serve us well in these choppy economic times, with this quarter's industrial segment growth offsetting weather-induced weakness in the consumer segment. While the third quarter is typically affected by seasonality, the impact was even more pronounced this year. We believe that most sales deferred as a result of weather will be realized over the coming months."