logo
Plus   Neg
Share
Email

Sherwin-Williams Raises FY18 Earnings Guidance - Quick Facts

The Sherwin-Williams Company (SHW) increased its 2018 adjusted net income per share guidance to a range of $19.05 to $19.35 per share, excluding acquisition costs and environmental expense provisions. For the full year 2018, the company expects consolidated net sales will increase by a high teens to low twenty percentage, including incremental Valspar sales of $1.85 billion for the first five months of 2018, compared to the full year 2017.

For the third quarter, the company anticipates consolidated net sales will increase a mid-to-high single digit percentage compared to last year's third quarter.

For the second-quarter, adjusted net income per share, excluding acquisition-related costs and environmental provisions, increased 26.8% to a record $5.73 per share compared to $4.52 per share, prior year. Consolidated net sales increased 27.8%, to $4.77 billion in the quarter. Valspar increased consolidated net sales $783.9 million, or 21.0%, in the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Biogen Inc. are falling almost 28 percent in Thursday's trading after the company and Japanese drugmaker Eisai Co. said they will discontinue two late-stage trials for their experimental Alzheimer's drug, Aducanumab. The two Phase 3 trials, ENGAGE and EMERGE, are multi-center, randomized, double-blind, placebo-controlled, parallel-group studies designed to evaluate Aducanumab. The European Union on Wednesday ordered Alphabet Inc.'s Google to pay an antitrust fine of 1.49 billion euros for abusing its dominant position in the online search advertising intermediation market by preventing competition. This is the third antitrust fine by the EU against Google and it represents 1.29 percent of the tech giant's turnover in 2018. Shares of BMW Group declined around 5 percent in German trading after the auto giant reported Wednesday weak profit in its fiscal year 2018, despite a 0.1 percent growth in Automotive revenues with higher deliveries. Looking ahead for fiscal 2019, the company expects Group profit before tax will be well below the previous year's level. BMW said it is confident of volume growth in Automotive unit.
Follow RTT