The Sherwin-Williams Company Reports 2023 First …

The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the first quarter ended March 31, 2023. Consolidated net sales increased primarily due to selling price increases in all segments and higher architectural sales volume in the Paint Stores Group, partially offset by lower sales volumes in the Consumer Brands and Performance Coatings Groups. Acquisitions increased consolidated net sales by 1.8%, while currency translation rate changes decreased consolidated net sales by 1.0%. Income before income taxes increased due to selling price increases in all segments and higher sales volume in the Paint Stores Group.