logo
Plus   Neg
Share
Email

Sherwin-Williams Lifts Q1 Forecast - Quick Facts

Sherwin-Williams Co. (SHW) said for the first quarter ended March 31, 2012, it expects net income per common share to be in the range of $0.92 to $0.95 per share compared to the January guidance of $0.56 to $0.74 per share.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.72 per share for the quarter. Analysts' estimates typically exclude special items.

According to the company, the expected increase in first quarter net income per common share over the earlier guidance for the quarter was mainly due to strong sales and operating results of the Paint Stores Group. Net sales in the Paint Stores Group rose about 20% in the quarter primarily due to improving domestic architectural paint sales volume across all end market segments and price increases.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A $716 billion defense policy bill easily cleared the Senate on Monday, although the legislation must still be reconciled with the version previously approved by the House. The Senate voted 85 to 10 in favor of the National Defense Authorization Act, which authorizes U.S. military spending for fiscal 2019. Voip-Pal.com Inc. has filed a lawsuit against Amazon Inc., accusing Alexa's calling and messaging services of infringing its patents. The lawsuit, filed by Voip-Pal in the U.S. District Court in Nevada, accuses Amazon's Alexa calling and messaging system of using Voip-Pal's patented technologies to direct voice/video calls and voice messages to both Amazon subscribers and non-subscribers. Canada is a step closer to becoming the first G-7 nation to legalize marijuana nationwide after the House of Commons voted to allow recreational use. The bill will now go back to the country's Senate, which had already approved a version of the bill. On Monday, the House of Commons voted 205 to 82 in favor of the Bill C-45, known as the Cannabis Act.
RELATED NEWS
Trade SHW now with 
Follow RTT