Cleveland Sherwin-Williams Co. reported Tuesday that its third-quarter profits dipped from $177 million a year ago to $175 million. Sales also dropped from 12% to $2 billion in the quarter ended Sept. 30.
We have seen limited improvements in DIY and other end-user areas of our business but not to an extent that indicates any significant recovery or sustainable growth from the depressed markets of the past year,” said Christopher M. Connor, chairman and CEO. “We continue to focus on growing volume and opportunities to leverage our controlled distribution network and strong brands to drive sales.”
Sherwin-Williams products are sold through a chain of more than 3,300 company-operated stores and facilities.