Sherwin-Williams grows Q3 net income
The Sherwin-Williams Company increased net income 12%, to $262.97 million from $234.95 million, during the third quarter of fiscal 2013.
Net sales grew 9.4% to $2.85 billion from $2.6 billion.
Sherwin-Williams cited higher paint sales volumes in its Paint Stores Group and acquisitions as helping to drive net sales growth. In September 2013, the retailer completed the acquisition of the Comex U.S. and Canada businesses, which added an additional 306 stores, and during the quarter purchased 1.5 million shares of its common stock through open market purchases.