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Markets :: Specialty Chemicals :: Paints and Coatings

Sherwin-Williams Earnings Beat Estimates

9:58 AM MST | January 26, 2010 | Vincent Valk

Sherwin-Williams today reported fourth-quarter 2009 pro forma earnings of 71 cts/share, besting the analyst consensus of 52 cts/share. The company's income on the quarter totaled $65.3 million, up from $50.2 million in the fourth-quarter of 2008. Sales were about $1.6 billion, a 5.9% drop from the fourth-quarter of 2008. The company attributed the sales decline weak paint volumes. For the full-year 2009, sales totaled $7.09 billion, an 11.1% decline from 2008. Earnings were $3.78/share, down 5.5% from $4/share in 2008. Net income totaled $435.8 million, down from...

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