Sherwin Williams Net Income Rises 47%; Increases Full-Year EPS Guidance

Sherwin-Williams reported first-quarter net income up 47%, to $100.2 million, on net sales up 15%, to $2.1 billion. Net income totaled 95 cts/share, in line with increased guidance issued earlier this month. The company has also raised its full-year 2012 EPS guidance, to $5.75-$6.05/share.   Paint store group net sales were up 21%, to $1.1 billion, on higher volumes and selling price increases. Segment profit rose 64%, to $112.7 million, as higher volumes and selling prices offset rising raw material costs. Consumer group net sales were up 9%, to $320.4...

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