RPM reported strong financial results, including record net income for the first quarter of fiscal 2003, ended Aug. 31, 2002. The company reported net sales of $542.4 million, up two percent from the $533.3 million reported in the first quarter last year. RPM experienced balanced growth between its two operating segments, with the industrial business segment reporting an increase of one percent over last year’s first quarter results, and the consumer business segment reporting an increase of more than two percent over the same period last year, according to the company. RPM reported net income of $44.2 million, an increase of more than 21% compared to net income in the first quarter of fiscal 2002.