Markets :: Specialty Chemicals :: Paints and Coatings
Sherwin-Williams earnings rise on higher architectural paint volumes
3:25 PM MST | January 30, 2014 | Vincent Valk
Sherwin-Williams (SW) today reported fourth-quarter net earnings of $116.1 million, or $1.14/share, up 70.5% year-on-year (YOY), on sales up 10.8%, to $2.46 billion. The increases were mostly due to higher volumes in paint stores and acquisitions, with the latter increasing sales by 4.6% during the quarter. “Over the past year, our paint stores group had positive sales volume across all end market segments and drove strong operating results. The Comex acquisition completed in the third quarter performed as expected. Our consumer group improved their...
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