Seeking Alpha

More on Sherwin Williams' (SHW) Q2: 13.4% Y/Y earnings growth is attributable to "improved...

More on Sherwin Williams' (SHW) Q2: 13.4% Y/Y earnings growth is attributable to "improved operating results of the paint stores and global finishes groups." No significant impact from acquisitions on the bottom line. The paint stores unit saw an 8% increase in net sales to $1.61B attributable to higher architectural paint sales volume; segment margins expanded 280 basis points Y/Y. Consumer group segment net sales fall 1%. Global finishes sales rise 3% Y/Y to $513M thanks largely to price increases and acquisitions. Outlook: Q3 EPS of $2.55-2.65 on sales growth of 6-9%; FY13 EPS of $7.45-7.55 (below consensus) on revenue growth in the mid single-digits. Shares -9% premarket. (PR)
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs