Sherwin-Williams (SHW) Tops Q3 EPS by 54c, Offers Q4 Guidance

Sherwin-Williams (NYSE: SHW) reported Q3 EPS of $8.29, $0.54 better than the analyst estimate of $7.75. Revenue for the quarter came in at $5.12 billion versus the consensus estimate of $5.08 billion.

GUIDANCE:

Sherwin-Williams sees FY2020 EPS of $24.00-$24.30, versus the consensus of $23.50.

• "For the fourth quarter, we anticipate our consolidated net sales will increase by 3% to 7% compared to last year's fourth quarter. For the full year 2020, we expect our consolidated net sales will increase by a low single digit percentage compared to the full year 2019. Based on sales at these levels, we are increasing our full year 2020 diluted net income per share guidance to be in the range of $21.49 to $21.79 per share compared to $16.49 per share earned in 2019. Our updated full year 2020 adjusted diluted net income per share guidance of $24.00 to $24.30 per share, excluding $2.51 of acquisition-related amortization expense, compares to $21.12 per share for full year 2019, excluding acquisition-related costs of $3.21 per share and other adjustments of $1.42 per share."

For earnings history and earnings-related data on Sherwin-Williams (SHW) click here.

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