- Consolidated net sales increased 9.2% in the quarter to $5.87 billion
- Net sales from stores in U.S. and Canada open more than twelve calendar months increased 6.4% in the quarter
- Diluted net income per share decreased to $2.21 per share in the quarter compared to $2.42 per share in the second quarter 2021
- Adjusted diluted net income per share was $2.41 per share in the quarter compared to $2.65 per share in the second quarter 2021, a decrease of $0.24 per share including a $0.13 per share unfavorable impact in the Administrative segment
- Lowering FY22 diluted net income per share guidance to a range of $7.65 to $7.95 per share, including acquisition-related amortization expense of $0.85 per share
- Lowering adjusted diluted net income per share guidance to a range of $8.50 to $8.80 per share
CEO REMARKS
“Demand remained strong during the second quarter in The Americas Group and the Performance Coatings Group, as both groups…
