THE SHERWIN-WILLIAMS

SHW
Delayed Quote. Delayed  - 09/30 04:10:00 pm
696.74USD -1.27%

Sherwin-Williams: 1Q Earnings Snapshot

04/29/2020 | 07:33am

CLEVELAND (AP) _ Sherwin-Williams Co. (SHW) on Wednesday reported first-quarter net income of $321.7 million.

The Cleveland-based company said it had profit of $3.46 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $4.08 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.01 per share.

The paint and coatings maker posted revenue of $4.15 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $4.09 billion.

Sherwin-Williams expects full-year earnings in the range of $19 to $21 per share.

Sherwin-Williams shares have declined 13% since the beginning of the year, while the Standard & Poor's 500 index has dropped 11%. The stock has increased 12% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHW at https://www.zacks.com/ap/SHW

Automated Insights, source Associated Press News

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