Sherwin-Williams sales climb 12.1 percent
The Sherwin-Williams Company said its consolidated net sales increased 12.1%, to $3.04 billion in the second quarter.
The company credited the gain primarily to higher paint sales volume in Paint Stores Group and acquisitions.
Net sales of the Consumer Group increased 10.1% to $433.4 million in the quarter and increased 8.0% to $758.7 million in six months due primarily to higher volume sales to most of the Group's retail customers and the impact of acquisitions.
The Global Finishes Group's net sales increased 6.1% to $544.6 million in the quarter due primarily to higher paint sales volume and selling price increases.
The Latin America Coatings Group's net sales decreased 8.9% to $181.2 million in the quarter due primarily to unfavorable currency translation rate changes and lower paint sales volume, partially offset by selling price increases.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
