THE SHERWIN-WILLIAMS

SHW
Delayed Quote. Delayed  - 09/25 04:10:00 pm
697.45USD +1.68%

Sherwin-Williams: 2Q Earnings Snapshot

07/28/2020 | 08:08am

CLEVELAND (AP) _ Sherwin-Williams Co. (SHW) on Tuesday reported second-quarter net income of $595.9 million.

On a per-share basis, the Cleveland-based company said it had profit of $6.48. Earnings, adjusted for costs related to mergers and acquisitions, were $7.10 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.69 per share.

The paint and coatings maker posted revenue of $4.6 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $4.56 billion.

Sherwin-Williams expects full-year earnings in the range of $21.75 to $23.25 per share.

Sherwin-Williams shares have risen 7% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 23% 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

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

© Acquiremedia 2020
Copier lien
All news about THE SHERWIN-WILLIAMS COMPANY
5d ago
09/15
09/14
08/20
08/03