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Chemical Week Magazine :: Newsbriefs
Sherwin-Williams Posts Gain Despite Weak Construction Market
1:40 PM MDT | October 30, 2007 | Chemical Week Editorial Staff
Sherwin-Williams posted third-quarter earnings of $200.3 million, up 11.9% over the same period last year. Sales rose 3.8%, to $2.2 billion. Sales were up in the company’s paint stores and global groups, but declined in the consumer group. Sherwin-Williams attributes the sales increase to “acquisitions, strong domestic paint sales to commercial contractors, improved industrial maintenance product sales, and strong international paint sales.” Those gains “more than offset” a reduction in architectural paint sales to the new...
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