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CEO John Morikis said though the company delivered a strong quarter it was against the backdrop of "an environment where demand remained highly variable by end market and region, and against a challenging prior year comparison." Chemical makers had flagged a potential blow in the second half of the year from a slower-than-expected recovery in China following its post-pandemic reopening and lower demand in Europe. Profit at the company's Paint Stoes Group unit rose 23.8% to $917.5 million, while sales saw just a 3.6% jump, helping offset weak performance in its volumes in its consumer brands unit.