Sherwin-Williams Hit by Increased Raw Material Costs
The Sherwin-Williams Co. announced its financial results for the second quarter and six months ended June 30, 2011. The company reported an increase in net sales, due in part to price increases, acquisitions and growth in the Global Finishes Group. However, the challenge of rising raw material costs cut into the company’s net income, which dropped for the three months ended June 30, 2011.