Sherwin-Williams sales up 9.4 percent
Sherwin-Williams reported that its third quarter net sales increased 9.4 percent to $2.85 billion.
Acquisitions increased consolidated net sales 1.1 percent in the quarter. Net income was $262.9 million, or $2.55 per share, compared to $234.9 million, or $2.24 per share, in the same period last year.
Net sales in the Paint Stores Group increased 13.5% to $1.76 billion in the quarter and increased 9.0% to $4.54 billion in nine months due primarily to higher architectural paint sales volume across all end market segments.
Net sales of the Consumer Group increased 5.4% to $366.8 million in the quarter due primarily to timing of seasonal shipments to some customers.
The Global Finishes Group's net sales stated in U.S. dollars increased 3.2% to $507.3 million in the quarter and increased 2.3% to $1.51 billion in nine months due primarily to selling price increases and acquisitions.
Sales for the first nine months of the year were $7.73 billion.
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.
