The Sherwin-Williams Company announced its financial results for the second quarter and first six months ended June 30. Consolidated net sales increased 1.3% in the quarter to $1.47 billion from $1.45 billion during the same quarter last year and 0.7% in the first six months to $2.62 billion from $2.6 billion in the first half of 2002.
Net sales in the paint stores segment increased 2.4% to $933.8 million in the quarter and 2.6% to $1.65 billion in the six months versus the comparable periods last year. The segment’s operating profit decreased 0.8% to $122.6 million the quarter.
Net sales of the consumer segment decreased 1.4% to $346 million in the second quarter and 2.8% to $612.1 million in the first six months. Operating profit of this segment was flat at $66.4 million in the quarter and decreased to $105.4 million in the first six months from $109.4 million last year.
The automotive refinishes segment’s net sales decreased 1.9% to $121.3 million in the second quarter and 3.2% in the first six months.
Net sales in the international coatings segment increased 5.2% to $68.8 million in the second quarter and decreased 0.2% to $126.6 in the first six months.
Sherwin-Williams Reports Second Quarter Sales
Published August 10, 2005
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