Robust Demand Drives RPM Sales

RPM International Inc. had sales of $1.64 billion in the second quarter of fiscal 2022, an increase of 10.3 per cent over sales of $1.49 billion in the second quarter of fiscal 2021. Three of four segments generated double-digit sales growth; the construction products group segment net sales increased 22 per cent year-over-year; the performance coatings group segment net sales increased 16.9 per cent; the specialty products group segment net sales increased 10 per cent; and the consumer group net sales decreased 3.3 per cent. The company had net income of $124.9 million, down 2.2 per cent compared to net income of $127.7 million in the year-ago period.