CLEVELAND - The Sherwin-Williams Co., Cleveland, OH, announced its financial results for the second quarter and six months ended June 30, 2012. Compared to the same periods in 2011, consolidated net sales increased $218.3 million, or 9.3 percent, to $2.57 billion in the quarter and increased $499.0 million, or 11.9 percent, to $4.71 billion in six months due primarily to higher paint sales volume in the company’s Paint Stores Group and selling price increases. Unfavorable currency translation rate changes decreased consolidated net sales 2.5 percent in the quarter and 2.0 percent in six months. Acquisitions increased consolidated net sales 1.0 percent in the quarter and six months.
Diluted net income per common share in the quarter increased to $2.17 per share from $1.66 per share in 2011 and increased in six months to $3.13 per share from $2.29 per share last year. The second quarter and six month increases in diluted net income per common share were due primarily to strong sales and operating results.