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RPM REPORTS RECORD THIRD QUARTER SALES, EARNINGS AND EARNINGS PER SHARE

 MEDINA, Ohio, April 14 /PRNewswire/ -- RPM, Inc. (NASDAQ: RPOW) today announced that sales, earnings and earnings per share set record levels for the third quarter and nine-month period of its 1993 fiscal year, which ended Feb. 28, 1993.
 Sales for the third quarter were a record $138,564,000, a 10 percent increase over the prior year's record sales of $125,459,000. Third- quarter earnings totaled a record $4,720,000, a 10 percent increase over the prior year's record third-quarter earnings of $4,306,000. Record earnings per share totaled $.10, an 11 percent increase over the prior year's record third-quarter earnings per share of $.09.
 For the nine-month period, RPM reported record sales of $458,204,000, a 16 percent increase over the prior year's record nine- month sales of $394,964,000. Earnings increased to a record $27,426,000, an 11 percent increase over the prior year's record nine- month earnings of $24,598,000. Earnings per share for the nine-month period totaled a record $.58, up 12 percent from the prior year's earnings per share of $.52.
 The prior year's earnings per share results, as reported above, have been restated to reflect the 50 percent stock dividend announced on Oct. 9, 1992 and issued to shareholders on Dec. 4, 1992.
 The third quarter and nine-month results are in line with management expectations. RPM anticipates a strong fourth quarter performance, which will result in its 46th consecutive record year of sales, earnings and earnings per share for the year ending May 31, 1993.
 RPM also announced that the RPM board of directors declared on April 5, 1993 the regular quarterly cash dividend of an adjusted $.12 per share to be paid on April 30, 1993 to shareholders of record April 16, 1993. This quarterly dividend represents a 6 percent increase over the restated dividend rate of $.113 per share paid at the same time last year.
 RPM, Inc. is a manufacturer of industrial coatings and sealants for waterproofing and general maintenance, corrosion control and other specialty chemical applications. RPM also manufactures consumer do-it- yourself products for home maintenance, automotive repair, consumer hobby, leisure and marine markets. The fiscal year ended May 31, 1992, was RPM's 45th consecutive record year of sales, earnings and earnings per share, with sales of $552,091,783, earnings of $34,466,387 and restated earnings per share of $.73. RPM shares are traded on the NASDAQ National Market System.
 CONSOLIDATED CONDENSED STATEMENTS OF INCOME
 (Unaudited)
 Nine Months Ended
 Feb. 28, 1993 Feb. 29, 1992
 (in thousands, except per share amounts)
 Net Sales $458,204 $394,964
 Cost of Sales 271,476 229,970
 Gross Profit $186,728 $164,994
 Selling, General &
 Administrative Expenses 140,762 123,999
 Income Before Income Taxes $ 45,966 $ 40,995
 Provision for Income Taxes 18,540 16,397
 Net Income $ 27,426 $ 24,598
 Earnings per Common Share
 & Common Share Equivalent(A)(B) $.58 $.52
 Earnings per Common Share Assuming
 Full Dilution(A)(B) $.55 $.52
 Three Months Ended
 Feb. 28, 1993 Feb. 29, 1992
 (in thousands, except per share amounts)
 Net Sales $138,564 $125,459
 Cost of Sales 83,774 75,356
 Gross Profit $ 54,790 $ 50,103
 Selling, General &
 Administrative Expenses 46,923 42,931
 Income Before Income Taxes $ 7,867 $ 7,172
 Provision for Income Taxes 3,147 2,866
 Net I $.09
 Earnings per Common Share Assuming
 Full Dilution(A)(B) $.10 $.09
 CONSOLIDATED CONDENSED BALANCE SHEETS
 (Unaudited)
 Feb. 28, 1993 Feb. 29, 1992
 (in thousands, except per share amounts)
 Assets
 Current Assets $256,676 $237,277
 Property, Plant & Equipment (net) 133,568 111,379
 Other Assets 170,003 168,830
 Total Assets $560,247 $517,486
 Liabilities and Shareholders' Equity
 Current Liabilities $ 92,018 $ 76,667
 Long-Term Debt 227,375 217,755
 Other Liabilities 8,708 7,065
 Total Liabilities $328,101 $301,487
 Shareholders' Equity 232,146 215,999
 Total Liabilities &
 Shareholders' Equity $560,247 $517,486
 Current Ratio 2.8:1 3.1:1
 Shareholders' Equity per Share(A)(B) $4.88 $4.60
 Working Capital $164,658 $160,610
 (A) -- Weighted average shares outstanding, including common share equivalents, totaled 47,568,420 in 1993 and 46,986,224 in 1992.
 (B) -- Per share data have been restated to reflect a 50 percent stock dividend issued on Dec. 4, 1992.
 -0- 4/14/93
 /CONTACT: Thomas C. Sullivan or James A. Karman, 216-273-5090, both of RPM, Inc./
 (RPOW)


CO: RPM, Inc. ST: Ohio IN: CHM MAC SU: ERN

BM -- CL011 -- 5590 04/14/93 10:15 EDT
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Date:Apr 14, 1993
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