RPM´s sales hit record high

MEDINA, Ohio (April 20)—RPM Inc.´s sales rose 14 percent to a record $1.41 billion for the nine months ended Feb. 29 from $1.24 billion in the prior nine-month period. Net income slipped 2 percent to $57.9 million from $59 million last year. Third-quarter sales jumped 10 percent to $411 million from $373 million while earnings dipped to $3.7 million from $6.1 million in last year´s quarter. The company attributed the quarter´s earnings decline to a seasonal slump of a business unit.