RPM reports Record Fourth-Quarter and Full-Year Results for Fiscal 2016_by chemwinfo

28 July 2016

ABOUT RPM INTERNATIONAL

DETAILS

RPM REPORTS RECORD FOURTH-QUARTER

AND FULL-YEAR RESULTS FOR FISCAL 2016

• Fourth-quarter sales increase 4%;
  net income up 20%

• Fiscal 2016 full-year sales increase 5%;
  net income up 48%

• Fiscal year net income up 10%
  over as-adjusted prior-year results Medina,
  Ohio 

RPM International Inc.

today reported record sales, net income

and diluted earnings per share

for its fiscal fourth quarter

and year ended May 31, 2016

Fiscal 2016 Full-Year Consolidated Sales and Earnings

Fiscal 2016 consolidated full-year

Net income increased 48.1% to $354.7 million 

from the reported $239.5 million in fiscal 2015.

Diluted earnings per share of $2.63 were up 47.8%

from $1.78 a year ago.

Consolidated EBIT was up 8.1% to $564.8 million 

from $522.3 million in fiscal 2015.

net sales increased 4.8% to $4.81 billion from $4.59 billion 

in fiscal 2015.

Fiscal 2015 net income included an adjustment of $83.5 million 

in the third quarter for a non-cash,

net charge for a tax accrual, as previously disclosed.

Fiscal 2016 net income was up 9.8%

compared to an adjusted $323.0 million 

in the prior fiscal year, while diluted earnings per share

were up 10.5% from an adjusted $2.38 in fiscal 2015.

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