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March 19, 2020, 9:42 a.m. EDT

Sherwin-Williams affirms guidance, has seen minimal disruption in supply chain from COVID-19 pandemic

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By Tomi Kilgore

Sherwin-Williams Co. /zigman2/quotes/210069062/composite SHW -0.03% said Thursday that it was affirming its first-quarter financial guidance, saying it has so far experienced "minimal" disruption to its supply chain in the face of the COVID-19 pandemic. The company said it still expects sales growth of 2% to 5% from a year ago, with the Americas group above the high-end of that range. The company said its production operations in Asia are returning to pre-crisis levels, but the vast majority of its North America paint stores remain open. The stock fell 1.7% in morning trading, but outperformed the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.64% , which slid 2.4%. Over the past month, Sherwin-Williams shares have dropped 33.0% while the S&P 500 has lost 31.0%.

/zigman2/quotes/210069062/composite
US : U.S.: NYSE
$ 650.73
-0.18 -0.03%
Volume: 470,428
Aug. 5, 2020 4:00p
P/E Ratio
34.69
Dividend Yield
0.82%
Market Cap
$59.27 billion
Rev. per Employee
$328,558
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/zigman2/quotes/210599714/realtime
US : S&P US
3,327.77
+21.26 +0.64%
Volume: 2.45B
Aug. 5, 2020 5:27p
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