News

Sherwin-Williams posts gains in Q2

BY HBSDealer Staff

Higher paint sales volume from the Paint Stores Group boosted Sherwin-Williams Co.’s second-quarter performance.

Cleveland-based Sherwin-Williams Thursday morning reported net sales of $2.71 billion for the quarter ended June 30. That’s up 5.5% from the same quarter last year. Net sales in the Paint Stores Group increased 8.0% to $1.61 billion.

The company’s total net income for the quarter was $257.3 million, up 12.9% from the second quarter of 2013.

"The Paint Stores Group architectural volume growth was strong across all end-market segments," siad Christopher Connor, chairman and CEO. The group opened 22 net new stores in the first six months, and is on track to open 70 to 80 new stores for the fiscal year.

Sherwin-Williams brands include Dutch Boy, Krylon, Minwax and Thompson’s Water Seal.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?
News

Test

BY HBSDEALER Staff

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam leo mauris, gravida eu ipsum sed, sagittis condimentum felis. Suspendisse sollicitudin nisl purus, ac luctus lectus ornare et. Vivamus elementum vel nunc ut volutpat. Duis sed neque blandit, molestie tellus sed, aliquam neque. In tincidunt quam sit amet dui porta vulputate. Nam sit amet turpis porttitor, faucibus ligula ullamcorper, venenatis erat. Aliquam blandit, dolor vitae scelerisque tempus, sem libero facilisis lectus, eget aliquet urna turpis non sapien. Fusce ante lacus, luctus sit amet blandit et, pretium lacinia erat. Quisque et enim consequat erat condimentum varius eu id tortor. Proin a posuere diam, vitae commodo tortor. Etiam vitae consectetur diam. Ut risus ligula, lobortis vel nisi quis, pretium tincidunt quam. Aliquam tempus tristique erat in pretium. Nam viverra varius mi, at viverra eros egestas a. Nulla facilisi. Cras placerat ut diam in tempus.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?
News

Mexico puts hold on Sherwin-Williams deal

BY HBSDEALER Staff

A 3-2 vote by the Federal Competition Commission of Mexico put a hold on Sherwin-Williams’ acquisition of Consorcio Comex.

The Mexican regulatory body said the acquisition announced Nov. 12 was not authorized by the commission.

In a statement released Thursday morning, Cleveland-based Sherwin-Williams said: “The company is reviewing the rationale for the commission’s decision and expects to respond to the commission’s concerns in the near future.” 

Commenting on the commission’s decision, Christopher Connor, Sherwin-Williams chairman and CEO, said: "We are disappointed by this decision, but remain hopeful that we can adequately address the Commission’s objections and proceed with the transaction."

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?