Sherwin-Williams Records Higher 3Q Results, Revises Guidance
October 22 2019 - 8:25AM
Dow Jones News
By Dave Sebastian
Sherwin-Williams Co. (SHW) said its third-quarter net income
rose as revenue increased.
The building-materials company posted net income of $576.4
million, or $6.16 a share, up from $354 million, or $3.72 a share,
in the comparable quarter last year. Analysts polled by FactSet
were expecting $6.33 a share.
Sales for the quarter rose to $4.87 billion from $4.73 billion a
year ago. Analysts were expecting $4.83 billion.
The Cleveland company also narrowed the range of its full-year
adjusted per-share earnings guidance to between $20.90 and $21.30
from between $20.40 and $21.40. It said it expects full-year
earnings to be between $17.07 a share and $17.47 a share, compared
with its previous guidance of $16.14 a share to $17.14 a share.
Sherwin-Williams said it sees sales to increase by a low single
digit percentage for the fourth quarter, and likewise for the full
year.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
October 22, 2019 08:10 ET (12:10 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Sherwin Williams (NYSE:SHW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sherwin Williams (NYSE:SHW)
Historical Stock Chart
From Sep 2023 to Sep 2024