Markets
SHW

Sherwin-Williams Raises FY20 Outlook - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Tuesday, paint and coating manufacturer Sherwin-Williams Co. (SHW) raised its earnings and sales growth guidance for the full-year 2020.

For fiscal 2020, the company now projects earnings in a range of $21.49 to $21.79 per share and adjusted earnings in a range of $24.00 to $24.30 per share, with consolidated net sales increasing by a low single digit percentage from last year.

Earlier, the company expected earnings in a range of $20.96 to $21.46 per share and adjusted earnings in a range of $21.75 to $23.25 per share on consolidated net sales to be flat to up slightly from last year.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $23.50 per share on net sales growth of 1.1 percent to $18.09 billion for the year. Analysts' estimates typically exclude special items.

For the fourth quarter, the company anticipates consolidated net sales to be up 3 to 7 percent from last year, while analysts are looking for a growth of 5.0 percent to $4.32 billion.

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

In This Story

SHW

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More