Sherwin-Williams earnings rise on higher architectural paint demand

摘要

Sherwin-Williams (SW) today reported second-quarter net income up 8.8% year on year (YOY), to $648.6 million, on net sales up 16.9%, to $5.38 billion. Adjusted earnings rose 11.8% YOY, to $2.65/share, slightly short of analysts’ consensus estimate of $2.67/share, as reported by Refnitiv (New York, New York). Higher product sales volumes across most of the company drove the increases.