Sam Boughedda

Investing.com — Shares of Sherwin-Williams Co (NYSE:), the paint and coating manufacturing company, are gaining Tuesday after beating earnings and revenue expectations.

With net sales at $5 billion and adjusted shares of $1.61, the company saw an 8.4% increase in revenue.

John Morikis, chairman and chief executive officer, said that the team achieved results consistent with expectations in an environment that was characterized by continued cost inflation, strong demand and limited raw material availability. This improved significantly in the last weeks of the quarter.

According to the company, margins remain under pressure year over year because “significant pricing measures previously announced in all business have not fully caught up with high raw material costs.”

But, they said that they had overcome all the supply chain issues in the industry.

“The additional architectural capacity that we gained late last year will position us well for this year’s architectural painting season.” Morikis said that the company is stronger and more mobile than ever, while 61,000 of their global employees are determined and focused.

Sherwin-Williams has affirmed its $9.25- $9.65 share adjusted net income guidance.

Stock prices at the company are up 9.7%