Sherwin-Williams Co. /zigman2/quotes/210069062/composite SHW +2.69% stock slipped 1.3% in Thursday premarket trading after the paint company reported a fourth-quarter earnings miss and full-year earnings guidance below Street expectations. Net income totaled $304 million, or $1.15 per share, down from $407 million, or $1.49 per share, last year. Adjusted EPS of $1.34 missed the FactSet consensus for $1.68. Sales of $4.762 billion were up from $4.489 billion and just below the FactSet consensus for $4.766 billion. "Near term margin pressure was significant, but we remain highly confident they will recover just as they have in past cycles, as we grow the business and see commodity costs moderate over time," said Chief Executive John Morikis in a statement. Margins for the quarter were 39.5%. For the first quarter, Sherwin-Williams is guiding for sales growth in the low-to-mid single-digit percentage range. The FactSet consensus is for $4.931 billion, implying growth of 5.9%. And for the year, Sherwin-Williams' outlook is for sales growth of high-single-digit percentage to low-double-digit percentages, EPS of $8.40 to $8.80, and adjusted EPS of $9.25 to $9.65. The FactSet consensus is for sales of $21.704 billion, suggesting growth of 8.8% and EPS of $9.79. "We expect full year raw material costs to remain elevated but to moderate sequentially, and we will continue to implement pricing actions as appropriate to offset increased costs," Morikis said. Sherwin-Williams stock is up 22.4% over the last year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.50% has gained 16% for the period.