United States. Sherwin-Williams announced its financial results for the second quarter, and the last six months ending on June 30, 2013.
Compared to the same periods in 2012, consolidated net sales increased $140.9 million, or 5.5%, to $2.71 billion in the quarter and grew $171.7 million, or 3.6%, to $4.88 billion in six months.
These results were mainly due to a higher volume of paint sales in the paint stores Group company. Acquisitions increased consolidated net sales by approximately 0.7% in the quarter and over the past six months. Unfavorable changes in currency translation reduced consolidated net sales by 0.3% in the quarter and 0.6% in six months.
The group's net sales in Latin America increased 6.3% to US$199 million in the quarter, mainly due to the increase in sales prices and a higher volume of paint sales, partially offset by unfavorable changes in currency translation. Net sales over the past six months increased 1.5% to $401.6 million.
