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Markets :: Specialty Chemicals :: Paints and Coatings

Sherwin-Williams Posts Higher Profits, Raises 2012 Guidance

1:33 PM MDT | July 26, 2012 | Rebecca Coons

Higher volumes and prices in Sherwin-William’s retail stores lifted profits for its fiscal second quarter ahead of estimates, and the company raised its full-year guidance on expectations of continued “mid single digits” sales growth. The company reported net income of $228 million ($2.17/share) for the quarter ended June 30, 2012,  27% higher than the same year-ago quarter. A consensus of analysts’ estimates for the quarter was $2.12/share, as reported by Thomson Reuters (New York).  Sales increased 9.3%, to $2.57 billion...

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