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Lamei DIS SHERWIN AS WILLIAMS . COVER THE EARTH The Sherwin - Williams Company SUMMARY O O ● The Sherwin - Williams Company Reports 2021 Third Quarter Financial Results CLEVELAND , October 26 , 2021 - Th Sherwin - Williams Company ( NYSE : SHW ) announced its financial results for the third quarter ended September 30 , 2021. All comparisons are to the third quarter of the prior year , unless otherwise noted . O NEWS 101 W. Prospect Avenue Consolidated net sales increased 0.5 % in the quarter to $ 5.15 billion Net sales from stores in U.S. and Canada open more than twelve calendar months decreased 2.8 % in the quarter Raw material availability issues negatively impacted quarter sales by an estimated high single digit percentage Diluted net income per share decreased to $ 1.88 per share in the quarter compared to $ 2.55 per share in the third quarter 2020 Cleveland , Ohio 44115 O ( 216 ) 566-2000 Adjusted diluted net income per share decreased to $ 2.09 per share in the quarter compared to $ 2.76 per share in the third quarter 2020 Earnings Before Interest , Taxes , Depreciation and Amortization ( EBITDA ) decreased in the quarter to $ 834.2 million , or 16.2 % of sales Generated net operating cash of $ 2.1 billion , or 13.5 % of sales , in the first nine months of the year FY21 diluted net income per share guidance in the range of $ 7.16 to $ 7.36 per share , including a loss of $ 0.34 per share from the Wattyl divestiture and acquisition - related amortization expense of $ 0.85 per share Reaffirming adjusted diluted net income per share guidance in the range of $ 8.35 to $ 8.55 per share CEO REMARKS " Demand remains strong across our pro architectural and industrial end markets ; however , results in the quarter were significantly impacted by ongoing and industry - wide raw material supply chain challenges , " said Chairman , President and Chief Executive Officer , John G. Morikis . " Consolidated net sales increased less than 1 % , as raw material availability negatively impacted total sales by a high single digit percentage , of which approximately 75 % of the impact was in The Americas Group . The raw material availability challenges combined with higher raw material costs significantly pressured gross margins in the quarter . We continue to implement price increases to offset higher raw material costs across the business and are confident margins will recover as inflation headwinds eventually subside . Despite the near - term margin pressure , cash flow generation remained strong during the quarter , enabling us to invest in long - term strategic growth initiatives , open 19 new stores , announce two acquisitions and purchase 1.675 million shares . " In The Americas Group , underlying demand in our professional architectural businesses remains robust . We expect delayed projects to be completed as raw material availability improves , and our team is aggressively pursuing additional business . In the Consumer Brands Group , our sales remained down double - digits , driven by difficult comparisons to the prior year , consumers returning to the workplace , raw material availability issues and the divestiture of the Wattyl business . Growth in the Pros Who Paint category in this segment was not enough to offset the lower North America DIY demand and raw material availability challenges . In the Performance Coatings Group , all businesses and regions delivered growth , most by double digit percentages . "