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$SHW 2Q15 Call – John, COO: Interest expense was $12.9MM, down $3.5MM vs. 2Q14. Consolidated profit before tax was up $78.5MM or 18.3% to $507.7MM. Effective tax rate was 31.1% vs. 32.1% in 2Q14. Consolidated net income was up $58.5MM or 20.1% to $349.9MM. Net income as a percent of sales was up 11.2% vs. 9.6% in 2Q14. Diluted EPS increased 25.9%.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.