The Sherwin-Williams Company Reports 2016 Third Quarter Financial Results
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Sherwin-Williams (SHW) Elects Allen Mistysyn Effective Next Year
October 25, 2016 7:05 AM EDTThe Sherwin-Williams Company (NYSE: SHW) announced today that its Board of Directors has elected Allen J. Mistysyn to serve as Senior Vice President Finance and Chief Financial Officer, effective January 1, 2017. Mr. Mistysyn, 47, has served as Sherwin-Williams' Senior Vice President Corporate Controller since October 2014 and will assume the CFO duties currently held by Sean P. Hennessy. Mr. Hennessy will remain with the Company in the role of Senior Vice President Corporate Planning, Development and Administration where he will provide support for the Valspar acquisition integration planning process and assist Mr. Mistysyn with his new role to ensure a smooth transition of... More
Sherwin-Williams (SHW) Misses Q3 EPS by 10c, Updates Outlook
October 25, 2016 7:04 AM EDTSherwin-Williams (NYSE: SHW) reported Q3 EPS of $4.23, ex-items, $0.10 worse than the analyst estimate of $4.33. Revenue for the quarter came in at $3.28 billion versus the consensus estimate of $3.28 billion.
GUIDANCE:
Sherwin-Williams sees FY2016 EPS of $12.25-$12.35, ex-items, versus the consensus of $12.63.
Commenting on the financial results, John G. Morikis, President and Chief Executive Officer, said, "Revenue growth on a comparable basis slowed sequentially in the third quarter across most of our reportable segments. Despite this slowdown, we remain bullish on future demand across most of... More
