PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


Sherwin-Williams Announces Q2 Results

Friday, August 14, 2009

Comment | More

The Sherwin-Williams Company (Cleveland, OH) saw its consolidated net sales decrease by $281.7 million, or 12.6%, in the second quarter of 2009 to $1.95 billion. Sales fell to $3.50 billion, or 12.8%, in the past six months. The company said that the decline was primarily due to weak paint sales volume.

The Global Finishes Group ended the quarter with net sales of $409.7 million, down 16.2%, and $772.2 million, down 18.8%, in six months. Low paint sales and unfavorable currency translation rates were partially offset by acquisitions and selling price increases.

The Paint Stores Group fell by 13.7% to $1.17 billion in Q2 and 13.3% to $2.07 billion in six months. The company said the decline was due to weak architectural paint sales volumes in the domestic new residential, residential repaint, commercial, and DIY markets, as well as significantly lower sales in industrial coatings and non-paint categories.

The company’s Consumer Group ended Q2 with a decrease of 4.5% to $366.5 million. The past six months fell by 2.4% to $654.6 million.

   

Tagged categories: Finance; Sherwin-Williams

Comment Join the Conversation:

Sign in to our community to add your comments.

Sherwin-Williams
Heat-FLex® Hi-Temp 1200

Improved Corrosion
Resistance
Enhanced Durability
Faster Shop Throughput


Atlantic Design, Inc.
OUR INDUSTRY IS CHANGING!

We should know. We’re the ones leading the way. Cleverly simple. Clearly ADI. 866.Call.ADI


Montipower, Inc.
The MBX Bristle Blaster

Get a 2.7 to 3.3 mil profile and a Near White Metal Clean. For info visit www.mbxit.com or call 877 629-8777


PaintSquare
SSPC 2014 Product Demos

Watch product demos by SSPC 2014 exhibitors. Check them out now!


KTA-Tator, Inc. - Corporate Office
KTA-Tator EH&S Services

• Ambient & Worker Exposure Air Monitoring
• Safety & Health Program Development
• Lead Paint Assessments
& Specifications
• Health Hazard & Jobsite Safety Assessments
Call 1-800-245-6379


BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

Wasser Coatings offer a complete range of Moisture Cure Urethane (NEPCOAT approved) systems in addition to Polyurea membranes and linings(NSF).
www.wassercoatings.com

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com