l RPM International Inc. reported record sales for its first quarter ended August 31 of $590.1 million, up nine percent from last year’s first quarter net sales. Industrial sales increased more than eight percent and its consumer segment sales increased more than nine percent, including net favorable foreign exchange differences and the impact of several smaller acquisitions. Net income was $47.7 million, up eight percent.
“We are pleased with the continued strong results our strategies were able to deliver this first quarter, especially the year-over-year growth in our consumer business," said Frank C. Sullivan, RPM’s president and chief executive officer. “As expected, we did experience a
RPM’s First Quarter Sales Rise Nine Percent
Published August 10, 2005
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