CLEVELAND - The Sherwin-Williams Co. announced its financial results for the third quarter and nine months ended September 30, 2013. Compared to the same periods in 2012, consolidated net sales increased $244.2 million, or 9.4 percent, to $2.85 billion in the quarter and increased $415.9 million, or 5.7 percent, to $7.73 billion in nine months due primarily to higher paint sales volume in its Paint Stores Group.
Diluted net income per common share in the quarter increased to $2.55 per share from $2.24 per share in 2012, including a 2013 charge of $.13 per share resulting from government tax assessments related to the company’s Brazilian operations. Diluted net income per common share increased in nine months to $6.11 per share from $5.37 per share last year, including 2013 charges of $.21 per share related to the Brazil tax assessments. The increases in third quarter and nine months diluted net income per common share were due primarily to improved operating results of the Paint Stores, Consumer and Global Finishes Groups.