SHW - The Sherwin-Williams Company

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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, and Asia. The company operates in four segments: Paint Stores Group, Consumer Group, Global Finishes Group, and Latin America Coatings Group. It offers architectural paint and coatings, protective and marine products, automotive finishes and refinish products, original equipment manufacturer product finishes, and related items. The company also licenses technology and trade names. As of December 31, 2015, its Paint Stores Group segment operated 4,086 company-operated specialty paint stores; Global Finishes Group segment operated 296 company-operated branches; and Latin America Coatings Group segment operated 291 company-operated stores. The company also sells its products through direct sales staff and outside sales representatives to retailers, dealers, jobbers, licensees and other third party distributors. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.

 

Sherwin-Williams misses Street 3Q forecasts
CLEVELAND (AP) _ Sherwin-Williams Co. (SHW) on Tuesday reported third-quarter net income of $386.7 million.

The Cleveland-based company said it had net income of $4.08 per share. Earnings, adjusted for one-time gains and costs, came to $4.23 per share.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.34 per share.

The paint and coatings maker posted revenue of $3.28 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $3.29 billion.

Sherwin-Williams expects full-year earnings to be $11.30 to $11.40 per share.

Sherwin-Williams shares have increased 7 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 5 percent. The stock has risen 13 percent in the last 12 months.