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Jan. 28, 2021, 7:52 a.m. EST

Sherwin Williams reports earnings beat, gives strong 2021 outlook

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By Tonya Garcia

Sherwin-Williams Co. /zigman2/quotes/210069062/composite SHW +2.45% reported fourth-quarter net income of $407.0 million, or $4.46 per share, up from $248.6 million, or $2.66 per share, last year. Adjusted EPS of $5.09 was ahead of the FactSet consensus of $4.85. Sales of $4.49 billion were up from $4.11 billion and ahead of the FactSet consensus for $4.34 billion. Fourth-quarter same-store sales in the U.S. and Canada were up 9%. For the first quarter, Sherwin-Williams expects sales to increase in the high-single digits. The FactSet consensus is for sales of $4.34 billion, suggesting growth of 4.7%. For the year, Sherwin-Williams expects sales to increase in the mid-to-high single digits, EPS in the range of $23.87 to $24.67 per share and adjusted EPS in the range of $26.40 to $27.20 per share. The FactSet consensus is for sales of $19.13 billion, up from $18.36 billion this year, or an increase of about 4.3%. The FactSet EPS consensus is for $26.77. Sherwin-Williams stock has gained 21.4% over the last year while the benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.95% is up 14.5% for the period.

/zigman2/quotes/210069062/composite
US : U.S.: NYSE
$ 675.69
+16.13 +2.45%
Volume: 695,685
March 5, 2021 4:00p
P/E Ratio
30.62
Dividend Yield
0.98%
Market Cap
$59.10 billion
Rev. per Employee
$300,859
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/zigman2/quotes/210599714/realtime
US : S&P US
3,841.94
+73.47 +1.95%
Volume: 3.33B
March 5, 2021 5:44p
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