Sherwin-Williams (SHW) Misses Q2 EPS by 11c; Trims FY15 EPS Outlook

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The Sherwin-Williams Company Reports 2015 Second Quarter and First Six Months Financial Results

July 16, 2015 7:01 AM EDT

CLEVELAND, July 16, 2015 /PRNewswire/ -- The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the second quarter and six months ended June 30, 2015. Compared to the same periods in 2014, consolidated net sales increased $89.1 million, or 2.9%, to $3.13 billion in the quarter and increased $172.9 million, or 3.2%, to $5.58 billion in six months due primarily to higher paint sales volume in our Paint Stores and Consumer Groups. Unfavorable currency translation rate changes decreased consolidated net sales 3.0% in the quarter and six months.

Diluted net income per common share in the quarter increased to $3.70 per... More