"The pace at which capacity comes back online and supply becomes more robust remains uncertain," Young added. "These production disruptions, coupled with surging architectural and industrial demand, have pressured raw material supply and rapidly driven prices upward," Julie Young, vice president of global corporate communications for Sherwin-Williams, said in a statement to CNBC.
Company officials have been candid in investor calls that they foresee additional "pricing actions" to cope with rising input costs. Sherwin-Williams is the largest paint manufacturer in the U.S. Shortages of other goods have clogged up supply chains, all while the demand for Chantilly lace, tricorn black and green smoke - to name three of the most popular colors – has abounded. Continued abuse of our services will cause your IP address to be blocked indefinitely.The deep freeze in the South slowed production of petroleum, a critical ingredient for paint. Please fill out the CAPTCHA below and then click the button to indicate that you agree to these terms. If you wish to be unblocked, you must agree that you will take immediate steps to rectify this issue. If you do not understand what is causing this behavior, please contact us here. If you promise to stop (by clicking the Agree button below), we'll unblock your connection for now, but we will immediately re-block it if we detect additional bad behavior.