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Sherwin-Williams raises guidance, earnings rise

10:33 AM MDT | July 17, 2014 | Vincent Valk

Sherwin-Williams (SW) today announced second quarter net income up 13.3% year-on-year (YOY), to $291.4 million, on sales up 12.2%, to $3.04 billion. Earnings totaled $2.94/share, slightly ahead of analysts’ consensus estimate of $2.93/share, as reported by Thomson Reuters (New York). The company also announced an increase in its full-year 2014 earnings guidance, to $8.50-$8.70/share, up from $8.12-$8.32/share. SW’s earnings totaled $7.26/share in 2013. Third-quarter 2014 earnings are expected to total $3.15-$3.25/share, compared with earnings of...

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