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RPM News Release RPM INTERNATIONAL INC . P.O. Box 777 . Medina , Ohio 44258 330-273-5090 FAX 330-225-8743 RPM Reports Fiscal 2021 Second - Quarter Results Record second - quarter sales , earnings and cash from operations Sales increased 6.0 % to $ 1.49 billion and were boosted by the acquisition of Ali Industries Net income increased 65.7 % to $ 127.7 million as the MAP to Growth operating improvement program enabled RPM to leverage moderate sales growth to bottom line Diluted EPS increased 66.1 % to $ 0.98 ; adjusted diluted EPS increased 39.5 % to $ 1.06 EBIT increased 49.8 % to $ 178.7 million ; adjusted EBIT increased 29.7 % to $ 199.3 million Record cash from operations of $ 579.5 million for the first half was due to margin improvements and good working capital management Fiscal 2021 third - quarter outlook calls for mid - single - digit sales growth and adjusted EBIT growth of 30 % or more MEDINA , OH – January 6 , 2021 – RPM International Inc. ( NYSE : RPM ) , a world leader in specialty coatings and sealants , today reported record sales , earnings and cash from operations for its fiscal 2021 second quarter ended November 30 , 2020 . Second - Quarter Consolidated Results Fiscal 2021 second - quarter net sales were a record $ 1.49 billion , up 6.0 % over the $ 1.40 billion reported a year ago . Net income was up 65.7 % to $ 127.7 million versus $ 77.0 million in the year - ago period . Diluted earnings per share ( EPS ) were $ 0.98 , an increase of 66.1 % over the $ 0.59 reported in the year - ago quarter . Income before income taxes ( IBT ) was $ 167.0 million , up 64.1 % compared to $ 101.8 million reported in the prior year's second quarter . RPM's consolidated earnings before interest and taxes ( EBIT ) were up 49.8 % to $ 178.7 million compared to $ 119.3 million reported in the year - ago period . The fiscal 2021 second quarter included $ 18.6 million in charges for restructuring related to the company's MAP to Growth operating improvement plan and other charges , as well as a $ 2.0 million charge for the resolution of a legacy investigation by the Securities and Exchange Commission ( SEC ) . The same period of fiscal 2020 included charges of $ 34.4 million for restructuring and acquisition - related costs . Excluding these charges , RPM's adjusted EBIT was up 29.7 % to $ 199.3 million compared to $ 153.7 million during the year - ago period . The company has excluded the impact of gains and losses from marketable securities from adjusted EPS , as their inherent volatility is outside of management's control and cannot be predicted with any level of certainty . These investments resulted in a net pre - tax gain of $ 7.5 million for the second quarter of fiscal 2021 and $ 5.9 million during the same quarter last year . Excluding the restructuring and other charges , as well as investment gains and losses , adjusted diluted EPS increased 39.5 % to $ 1.06 compared to $ 0.76 in fiscal 2020 . " Thanks to the efforts of our associates to grow the top line during challenging economic conditions worldwide , coupled with operational improvements , we achieved record second - quarter sales , earnings and cash flow , " stated Frank C. Sullivan , RPM chairman and CEO . " Once again , our MAP to Growth program generated strong leverage to the bottom line , despite moderate sales growth . Organic sales grew 3.5 % during the second quarter . Acquisitions contributed 2.3 % and included the recent addition of Ali Industries , which positively impacted both sales and earnings while also