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Sherwin-Williams Calls Alabaster 2016 Color of the Year

The Sherwin-Williams CompanySHW has declared alabaster, a hue symbolic of new beginnings, as the 2016 Color of the Year. Alabaster is a shade of white which is neither very dark nor overly warm.

Alabaster creates an atmosphere of ease and contentment and sets the tone for healing, rest and meditation in a bedroom or nursery. According to a recent homeowner study, about 3 out of 4 or 73% prefer Alabaster's natural and barely-there undertones than a plain white when selecting neutral colors for their homes. It can be used as a single color or can be paired with any other shade as the ultimate complementary color. It can also be paired with dark colors like Urbane Bronze or Gray Area in a spa-like bathroom.

Alabaster is drawn from Pura Vida, one of the four palettes in Sherwin-Williams Color Forecast 2016, and represents the prominent use of light, which is a key element for traditional Nordic design. Alabaster also goes well with other popular Scandinavian decor influences including sleek lines, copper metallic finishes, marble and wood grain materials.

Sherwin-Williams, last month, released its third-quarter 2015 results. The company's The Paint Stores Group unit registered net sales of $2.09 billion in the reported quarter, up 2.9% year over year. The upside came on increased architectural paint sales volume. Net store sales recorded for more than 12 months rose 2.1% from the prior-year quarter. The segment led with higher operating results owing to increased sales volumes.

Sherwin-Williams, which is among the leading paint companies, along with PPG Industries Inc. PPG and Akzo Nobel NV AKZOY , expects consolidated net sales in the fourth quarter of 2015 to increase in the low single digits on a year-over-year basis. At this level, the company anticipates earnings in the band of $1.70-$1.95 per share for fourth-quarter 2015 compared with $1.37 earned in fourth-quarter 2014. The Zacks Consensus Estimate for fourth-quarter 2015 is currently pegged at $1.91.

Sherwin-Williams currently carries a Zacks Rank #3 (Hold).

A better-ranked stock in the basic materials sector is Celanese Corp. CE , sporting a Zacks Rank #1 (Strong Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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