Welcome Guest to Coatings World    Login || Register
Last Updated Thursday, October 8 2015


Published August 10, 2005
● The Sherwin-Williams Company announced its financial results
for the first quarter ended March 31, 2002. Consolidated
net sales for the quarter decreased 0.8 percent to $1.15
billion from $1.16 billion in the first quarter of 2001. Poor
economic conditions in South America, weakening currency
exchange rates in Argentina and Brazil and a continuing
sluggish domestic industrial sector impacted sales,
according to the company.
Net sales in the paint stores segment rose 0.4 percent to
$695.9 million in the first quarter, up from $693.4 million
in 2001. Strong architectural paint sales were partially
offset by weak industrial maintenance and product finishes
sales, according to the company. The paint stores
segment operating profit for the first quarter declined
$6.8 million from last year to $40.1 million in 2002. This
decrease was a result of costs incurred to launch a new
color system, including an exclusive color palette by
Martha Stewart. The company opened 10 new stores in
the first quarter.
First quarter net sales in the consumer segment
increased 0.3 percent to $278 million in 2002. The automotive
finishes segment’s net sales decreased 3.7% to
$111.6 million in the first quarter from $115.8 million in
the same period last year.
Net sales in the international coatings segment were
$62.4 million in the first quarter 2002, compared to $69.5
million a year ago. According to the company, this
decrease was a result of unfavorable currency exchange
rates in the Brazilian real and Argentine peso. Excluding
the effects of currency exchange fluctuations relative to
last year, net sales for the segment increased 2.6% for the
first quarter 2002 and gallon sales were up slightly,
according to the company.

blog comments powered by Disqus

Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
View Profile
Follow Coatings World On