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Sherwin-Williams shines in Q3


Cleveland, Ohio –- The Sherwin-Williams Company had a strong third quarter of fiscal 2014, with net income growing 24% to $326.24 million from $262.97 million in the same period a year earlier. Net sales climbed 10% to $3.15 billion from $2.85 billion.

Improved operating results of the paint stores, global finishes and consumer groups drove the improvement in net income, while higher paint sales volume in Sherwin-Williams’ paint stores group and acquisitions drove net sales growth.

“We are pleased to report record sales and earnings per share in the third quarter and first nine months of 2014 on the continued positive sales volume and strong operating results of our Paint Stores Group,” said Christopher M. Conner, chairman and CEO. “The Paint Stores Group architectural volume growth was positive across all end market segments. The Comex acquisition continues to perform better than expected in the year.”

Sherwin-Williams expects improvements in net income per share and consolidated net sales for the fourth quarter of fiscal 2014.
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