PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

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


Elcometer, Inc.
Elcometer 106 Pull-Off Adhesion Tester

Portable, easy to operate; Provides numerical value for adhesion; Comes in carrying case - Ideal for site tests; No power supply necessary.


Axxiom Manufacturing
Schmidt Improves
Portable Blasters

Schmidt's VBS System reduces blowdown intensity, prevents exhaust from damaging floor while using no screens or filters. Reduces sound; Increasing safety.
Call 1-800-231-2085


U.S. Zinc

The proven corrosion protection properties of our zinc dust prolong the life of marine coatings. U.S. Zinc – Helping the world work™


Minerals Research & Recovery

HIGH PERFORMANCE ABRASIVES


“Made in the USA!”

Why recycle waste from other countries? Go FASTER, CLEANER, at 1/3 THE COST with MR&R “All-American” Sharpshot®HP!!

WATCH THE VIDEO


Advanced Recycling Systems
ADVANCED RECYCLING SYSTEMS (ARS)

Recycling Machines, Dust Collectors, Rapid Deployment units are time-tested and approved for the rugged industrial environment. Contact ARS today!
(330)536-8210


Mohawk Garnet
Enska by Mohawk Garnet™

A safe, efficient and economical abrasive alternative to slag and sand products. More information
at 1.866.642.7638 or info@mohawkgarnet.com Email for follow up – mheilimo@mohawkgarnet.com

 
 
 
Technology Publishing

The Technology Publishing Network

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

 
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 2000-2014, 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