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williams 2004_AR
The Sherwin-Williams Company had a successful 2004, achieving over $6 billion in sales for the first time. Net income increased 18.4% to $393.3 million and diluted EPS rose over 20% to a record $2.72. All business segments saw sales increases, with the Paint Stores segment up 14.6% to $3.98 billion. The company continued its streak of 26 consecutive years of dividend growth and completed three acquisitions. Looking forward, rising raw material costs will continue to pressure margins but the company will work to offset this through productivity gains and price increases.
