Sherwin-Williams (SHW) Tops Q1 EPS by 20c; Boosts Outlook

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The Sherwin-Williams Company Reports 2016 First Quarter Financial Results

April 21, 2016 7:00 AM EDT

CLEVELAND, April 21, 2016 /PRNewswire/ -- The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the first quarter ended March 31, 2016. Compared to the same period in 2015, consolidated net sales increased $123.7 million, or 5.1%, to $2.57 billion in the quarter due primarily to higher paint sales volume in our Paint Stores and Consumer Groups. Unfavorable currency translation rate changes decreased consolidated net sales 2.8% in the quarter.

Diluted net income per common share in the quarter increased to $1.57 per share, including a $.24 per share charge from costs associated with the anticipated acquisition of Valspar,... More