IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

Sherwin-Williams reports sales jump, on paint stores growth

8:43 AM MDT | October 28, 2013 | Lindsay Frost

Sherwin-Williams announced its third-quarter financial results—showing growth in paint sales volume and through acquisitions. Net income increased 12% year-over-year (YOY), to $262.9 million. Earnings per share of $2.55 fell slightly below analyst estimates of $2.64, according to Thomson Reuters (New York), and they include a 13 cts/share charge from government tax assessments related to the company’s Brazilian operations. Growth in earnings per share resulted from improved operating results at the company's paint stores, and consumer and global...

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