Sherwin-Williams (SHW) Misses Q3 EPS by 10c, Updates Outlook

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The Sherwin-Williams Company Reports 2016 Third Quarter Financial Results

October 25, 2016 7:00 AM EDT

CLEVELAND, Oct. 25, 2016 /PRNewswire/ -- The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the third quarter and nine months ended September 30, 2016. Compared to the same periods in 2015, consolidated net sales increased $127.2 million, or 4.0%, to $3.28 billion in the quarter and increased $338.3 million, or 3.9%, to $9.07 billion in nine months. These increases were due primarily to higher paint sales volume in our Paint Stores Group and the impact of a change in revenue classification beginning in the third quarter related to grossing up third-party service revenue and related costs which were previously... More