The 2020 Mid-Year Economic Update_long

Sherwin-Williams Second Quarter Sales Up 16%

Second quarter profit decreased 15.6 percent.

The Sherwin-Williams Company (NYSE: SHW), Cleveland, OH, reported sales for the second quarter ending June 30 of $3.7 billion, up 16 percent from the same period in 2016. Profit decreased 15.6 percent to $319.1 million.

Sales for the first six months increased 12.1 percent to $6.5 billion, a record for the company. Profit increased 3 percent to $558.3 billion.

Sales in the Americas group increased 8.7 percent to $2.4 billion in the quarter and increased 10.2 percent to $4.4 billion in the first six months due primarily to higher architectural paint sales volume across most end market segments, the impact of the change in revenue classification and selling price increases.

Sales of the consumer group increased 16 percent to $536.4 million in the quarter and increased 4 percent to $859.8 million in the first six months due primarily to the inclusion of Valspar sales for the month of June, partially offset by lower volume sales to most of the Group's retail and commercial customers.

On June 1, the company completed the acquisition of The Valspar Corporation for $8.9 billion.


About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.