RPM Has Strong Quarter

RPM International Inc. had net sales of $1.49 billion for the second quarter of its fiscal 2021 year, this is an increase of six per cent over net sales of $1.4 billion in the same quarter in the previous year. Net income for the quarter was up 65.7 per cent to $127.7 million versus $77 million in the year-ago period. Income before income taxes was $167 million, up 64.1 per cent compared to $101.8 million last year and consolidated earnings before interest and taxes were up 49.8 per cent to $178.7 million compared to $119.3 million. Construction products group net sales increased 0.8 per cent year-over-year; performance coatings group net sales increased 11.6 per cent; consumer group sales increased 21.4 per cent; and specialty products group sales increased 11.3 per cent.