Sherwin-Williams Co (SHW) released a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $386.3 million, or $1.48 per share. This compares with $304.0 million, or $1.15 per share, in last year's fourth quarter.
Excluding items, Sherwin-Williams Co reported adjusted earnings of $1.89 per share for the period.
Analysts on average had expected the company to earn $1.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.9% to $5.23 billion from $4.76 billion last year.
Sherwin-Williams Co earnings at a glance (GAAP) :
-Earnings (Q4): $386.3 Mln. vs. $304.0 Mln. last year.
-EPS (Q4): $1.48 vs. $1.15 last year.
-Analyst Estimate: $1.86
-Revenue (Q4): $5.23 Bln vs. $4.76 Bln last year.
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