United States. Sherwin Williams is currently updating its sales and profit expectations for the first quarter of 2012, ended march 32. The previous report was delivered on January 26 of the same year.
Based on preliminary results, diluted net income per common share for the first quarter is expected to be in the range of $92 to $95 per share, compared to January guidance of $56 to $.74 per share.
The company reported diluted net income per common share of $63 per share in the first quarter of 2011.
The anticipated increase was primarily due to strong sales and operating results of the Paint Shops Group, where net sales increased approximately 20% in the quarter, primarily due to internal improvement in architectural paint sales volume in all end market segments and price increases.
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