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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 Results for Fiscal 2021 Third Quarter Record third - quarter sales , earnings and cash from operations achieved Sales increased 8.1 % to $ 1.27 billion Net income increased 222.6 % to $ 38.2 million as the MAP to Growth operating improvement program generated leverage to the bottom line Diluted EPS increased 222.2 % to $ 0.29 ; adjusted diluted EPS increased 65.2 % to $ 0.38 EBIT increased 48.2 % to $ 65.4 million ; adjusted EBIT increased 32.2 % to $ 79.9 million Record cash from operations of $ 651.9 million for the nine - month period was driven by margin improvements and good working capital management Fiscal 2021 fourth - quarter outlook calls for double - digit sales and adjusted EBIT growth MEDINA , OH – April 7 , 2021 – RPM International Inc. ( NYSE : RPM ) , a world leader in specialty coatings , sealants and building materials , today reported financial results for its fiscal 2021 third quarter ended February 28 , 2021 . " In mid - February , severe winter storm Uri disrupted North American transportation , distribution and supply chains . With concern about the potential impact of transportation gridlock and lost shipping days as we closed out the quarter and the desire to maintain transparent communication with our investors , we lowered our third - quarter guidance on February 18. The third quarter is our seasonally low quarter and historically generates only 5 % to 10 % of our annual earnings , so the magnitude of relatively small variations in earnings becomes magnified . Fortunately , due to the extraordinary efforts of our associates who were able to catch up and execute delivery of customer orders , as well as the fact that plants , distribution centers and transportation networks resumed operation more quickly than anticipated , we exceeded our original third - quarter sales and earnings guidance , " stated RPM Chairman and CEO Frank C. Sullivan . Third - Quarter Consolidated Results Fiscal 2021 third - quarter net sales were $ 1.27 billion , an increase of 8.1 % over the $ 1.17 billion reported a year ago . Third - quarter net income increased 222.6 % to $ 38.2 million compared to $ 11.9 million reported in the year - ago period , and diluted earnings per share ( EPS ) were $ 0.29 , an increase of 222.2 % compared to $ 0.09 in the year - ago quarter . Income before income taxes ( IBT ) was $ 55.9 million compared to $ 16.3 million reported in the fiscal 2020 third quarter . RPM's consolidated earnings before interest and taxes ( EBIT ) were up 48.2 % to $ 65.4 million compared to $ 44.1 million reported in the fiscal 2020 third quarter . Third - quarter EBIT included restructuring and other items that are not indicative of ongoing operations of $ 14.5 million during fiscal 2021 and $ 16.3 million in fiscal 2020. Excluding these items , RPM's adjusted EBIT was up 32.2 % to $ 79.9 million compared to $ 60.5 million during the year - ago period . In addition , the company has continued to exclude the impact of all 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 after - tax gain of $ 5.5 million