The Sherwin Williams Company, parent to DuraSeal, announced its net sales in the second quarter of 2013 were $2.71 billion, 5.5 percent above the same period in 2012. Net sales in the first six months of 2013 reached $4.88 billion, 3.6 percent above 2012. The company cited higher paint sales volume for the increases.
Second quarter gross profit was up to $1.23 billion from 2012's $1.15 billion, and the gross profit for the first half of the year was up to $2.19 billion from $2.06 billion.
"We are pleased to report record sales and earnings per share in the second quarter and first half of 2013," Christopher M. Connor, chairman and CEO, said in a statement. "For the third quarter, we anticipate our consolidated net sales will increase six to nine percent compared to last year's third quarter. At that anticipated sales level, we estimate diluted net income per common share in the third quarter to be in the range of $2.55 to $2.65 per share compared to $2.24 per share earned in the third quarter of 2012."
