logo
  

Sherwin-Williams Boosts Q2 Sales Outlook - Quick Facts

Paint and coating manufacturer Sherwin-Williams Co. (SHW) on Monday raised its consolidated net sales guidance for the second quarter.

For the second quarter, the company now expects 2020 consolidated net sales to decrease by a mid-single-digit percentage, up from the prior forecast for a decline in the low to mid-teens percentage from last year.

On a segment basis, second quarter net sales in The Americas Group are expected to be down by a high-single-digit percentage compared to the previous guidance of down by a low-double-digit to mid-teens percentage.

Net sales in the Consumer Brands Group are expected to be significantly above the high end of the previous guidance of up by a high-single-digit to low-double-digit percentage.

Net sales in the Performance Coatings Group are expected to be in line with the previous guidance of down by a high-teens percentage.

The Company said it is scheduled to release second quarter 2020 financial results on July 28, 2020, and will provide its outlook on third quarter sales and update its full year sales and earnings per share guidance at that time.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Cryptocurrency Dogecoin's price jumped over 15% on Friday, but later lost some of the gains, after Tesla Inc. (TSLA) CEO Elon Musk announced that the luxury car maker will start accepting the meme cryptocurrency as payment for its merchandise. "Tesla merch buyable with Dogecoin," Musk tweeted on Friday. Dogecoin... US investment bank JPMorgan Chase & Co. reported Friday a profit for the fourth quarter that declined 14 percent from last year, hurt primarily by higher noninterest expense and lower credit reserve releases. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations. Microsoft Corp. said its Board of Directors has initiated a review of the effectiveness of its workplace sexual harassment and gender discrimination policies and practices. The company has hired the law firm of Arent Fox to conduct the review mainly on sexual harassment investigations, including that of co-founder Bill Gates.
Follow RTT