logo
  

Sherwin-Williams Trims FY21 Adj. EPS Outlook - Quick Facts

The Sherwin-Williams Co. (SHW) announced Friday preliminary financial results for the fourth quarter and full year 2021.

For the fourth quarter, the company said consolidated net sales increased approximately 6.1% compared to the prior year. Earnings are expected to be approximately $1.15 per share and adjusted earnings are expected to be approximately $1.35 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.69 per share on revenues of $4.77 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2021, the company now expects earnings to be approximately $6.96 per share and adjusted earnings to be approximately $8.15 per share, down from prior adjusted earnings guidance in the range of $8.35 to $8.55 per share.

The Street is looking for earnings of $8.48 per share on revenues of $19.95 billion for the year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Asweets Global Inc. is recalling about 2,000 units of Wonder & Wise Activity Tables for potential risk of choking hazard to young children, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the screws of the tables can become loose and/or detach from the xylophone component of the activity tables to pose a choking hazard to young children. Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday a net loss for the fourth quarter that sharply widened from last year, despite 9 percent growth in revenues, hurt by a decreases in the market prices of our equity investments in publicly-traded companies. Omni-channel fashion retailer Macy's, Inc. (M) reported Thursday a first-quarter net income of $286 million or $0.98 per share, sharply higher than $103 million or $0.32 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $315 million or $1.08 per share, compared...
Follow RTT