5 October 2016
Board of Directors
RPM International Inc.
DETAILS
RPM International Inc. today reported
record sales, net income
and earnings per diluted share
for its fiscal 2017 first quarter
ended
despite continued strong headwinds
from currency exchange,
softness in the energy and
heavy equipment industries worldwide
and an overall sluggish global economy.
First-Quarter Results
First-quarter net income was up 13.0%
to
and diluted earnings per share of
from
RPM's consolidated earnings before interest and taxes
(EBIT) increased 4.2%
to
reported in the fiscal 2016 first quarter.
Fiscal 2017 first-quarter net sales of
increased 0.8% over the
During the quarter, the company early
adopted ASU 2016-09,
"Improvements to Employee Share-Based
Payment Accounting."
As a result of adoption of this accounting standard,
the company recognized a tax benefit,
which contributed to lowering
the quarterly effective tax rate to 23.6%.
RPM chairman and chief executive officer
"We were very pleased with the balanced EBIT leverage
across all three of our segments during the first quarter,
especially in light of the challenging revenue growth
environment globally,"
Media contacts
Barry M. Slifstein
Vice President - Investor Relations and Planning
info@rpminc.com
Kathie M. Rogers
Manager of Investor Relations
info@rpminc.com
Phone: 330-273-5090
WWW.CHEMWINFO.COM BY KHUN PHICHAI