RPM International Has Strong Quarter

RPM International Inc. had sales of $1.43 billion for the third quarter of fiscal 2022, up 13 per cent over sales of $1.27 billion in the third quarter of fiscal 2021. Net income for the quarter was $33 million, down 13.7 per cent over net income of $38.2 million in the prior-year period. Net sales for the construction products group increased 21.7 per cent year-over-year to $482 million; net sales for the performance coatings group increased 19.6 per cent to $270.9 million; net sales for the specialty products group increased 11.9 per cent to $189.4 million; and net sales for the consumer group increased 2.9 per cent to $491.6 million.