More on Sherwin Williams' (SHW) Q2: 13.4% Y/Y earnings growth is attributable to "improved...

|By:, SA News Editor

More on Sherwin Williams' (SHW) Q2: 13.4% Y/Y earnings growth is attributable to "improved operating results of the paint stores and global finishes groups." No significant impact from acquisitions on the bottom line. The paint stores unit saw an 8% increase in net sales to $1.61B attributable to higher architectural paint sales volume; segment margins expanded 280 basis points Y/Y. Consumer group segment net sales fall 1%. Global finishes sales rise 3% Y/Y to $513M thanks largely to price increases and acquisitions. Outlook: Q3 EPS of $2.55-2.65 on sales growth of 6-9%; FY13 EPS of $7.45-7.55 (below consensus) on revenue growth in the mid single-digits. Shares -9% premarket. (PR)