Categories Earnings, Industrials

Sherwin-Williams (NYSE: SHW): Q3 2019 Earnings Snapshot

— The Sherwin-Williams Company (NYSE: SHW) reported third-quarter 2019 adjusted earnings of $6.65 per share versus $6.48 per share expected.

— Net sales rose by 3% to $4.87 billion versus $4.83 billion expected. This was due primarily to higher paint sales volume in North American stores and selling price increases.

Sherwin-Williams (SHW) Q3 2019 Earnings Snapshot
Courtesy: Sherwin-Williams / Facebook post

— Sales in The Americas Group grew by 9% driven by higher paint sales across all end markets in North American stores and selling price increases.

— Sales of the Consumer Brands Group fell by 12% due to comparisons to load-in sales for a new customer program in 2018, the divestiture of the Guardsman furniture protection business in Q3 of 2018, and softer sales outside of North America in some end markets.

— The Performance Coatings Group’s sales declined by 0.3% due to softer sales outside of North America in some end markets and unfavorable currency translation rate changes.

— Looking ahead into the fourth quarter, the company expects net sales to increase by a low single-digit percentage compared to last year. The street analysts expect sales growth of 4.50% for the quarter.

— For the full year 2019, net sales are expected to increase by a low single-digit percentage versus 2.80% expected.

— The earnings are now predicted to be $17.07 to $17.47 per share and adjusted earnings are anticipated to $20.90 to $21.30 per share for the full year. The market analysts expect EPS of $21.10.

 

 

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment
Loading...

Cancel
Viewing Highlight
Loading...
Highlight
Close
Top