Net sales in the paint store segment increased 11% to $1.04 billion in the quarter and 11.5% to $1.84 billion in the first six months. Continuing strong domestic architectural paint sales to contractors and DIY customers during the second quarter and first six months of 2004 accounted for most of the sales improvement. Industrial maintenance and product finishes sales continued to improve as the domestic economic environment continued to strengthen compared to a soft economic environment during the first two quarters of 2003.
Net sales of the consumer segment increased 7.5% to $371.7 million in the second quarter and 12.5% to $688.9 million in the first six months versus comparable periods last year. The second quarter and first half net sales gains were due primarily to continuing strong product programs and acquisitions, according to the company.
The automotive finishes segment’s net sales increased 8.4%, to $131.5 million in the second quarter and 10.6%, to $251.8 million in the first six months versus the comparable periods