Sherwin-Williams Earns $5.73 per Share

The second-quarter earnings report from Sherwin-Williams (SHW) is out. The company made $5.73 per share for Q2. That beat estimates by seven cents per share. The company is also increasing its guidance range for this year to $19.05 to $19.35 per share.

CEO John G. Morikis said, “The Company posted record results in net sales, gross profit, and profit before taxes in the second quarter, aided by the Valspar acquisition which continues to build momentum. Consolidated earnings per share expanded by 26.8% percent in the quarter, excluding acquisition-related costs and environmental expense provisions impacts in both years. Underlying demand remained solid across most of our end market segments during the quarter. At the same time, raw material costs continued to inflate during the quarter at a rate slightly higher than anticipated. We continue to focus on offsetting these escalating costs by controlling spending and implementing price increases.”

Posted by on July 24th, 2018 at 9:17 am


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