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The Sherwin-Williams Company (SHW - Free Report) is a manufacturer, distributor and retailer of paint, coatings and related products.
Earnings
Sherwin-Williams’ adjusted earnings were $5.73 per share for the second quarter. It topped the Zacks Consensus Estimate of $5.59.
Revenues
Sherwin-Williams posted record second-quarter revenues of $4,773.8 million, up 27.8% year over year. It beat the Zacks Consensus Estimate of $4,712 million. Sales were driven by the addition of Valspar sales, higher selling prices and increased paint sales volumes in the Americas Group unit.
The Sherwin-Williams Company Price and EPS Surprise
Investors should note that the earnings estimate for Sherwin-Williams for the second quarter has been static over the past month. The company has beaten the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with an average beat of around 1.8%.
Key Stats/Developments to Note
Sherwin-Williams projects mid-to-high single digit percentage increase in net sales year over year for third-quarter 2018.
For full-year 2018, Sherwin-Williams projects high teens to low twenty percentage increase in net sales from 2017. It also sees incremental sales from the Valspar buyout to be roughly $1.85 billion for the first five months of the year. At this level, the company expects earnings per share for the year to be in the range of $15.00-$15.20 per share. The guidance includes a $3.80-$3.90 per share charge related to the Valspar acquisition. The company also raised its adjusted earnings per share guidance for 2018 to $19.05-$19.35.
Sherwin-Williams’ shares were inactive in the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Sherwin-Williams’ earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Sherwin-Williams (SHW) Q2 Earnings, Revenues Beat Estimates
The Sherwin-Williams Company (SHW - Free Report) is a manufacturer, distributor and retailer of paint, coatings and related products.
Earnings
Sherwin-Williams’ adjusted earnings were $5.73 per share for the second quarter. It topped the Zacks Consensus Estimate of $5.59.
Revenues
Sherwin-Williams posted record second-quarter revenues of $4,773.8 million, up 27.8% year over year. It beat the Zacks Consensus Estimate of $4,712 million. Sales were driven by the addition of Valspar sales, higher selling prices and increased paint sales volumes in the Americas Group unit.
The Sherwin-Williams Company Price and EPS Surprise
The Sherwin-Williams Company Price and EPS Surprise | The Sherwin-Williams Company Quote
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Sherwin-Williams for the second quarter has been static over the past month. The company has beaten the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with an average beat of around 1.8%.
Key Stats/Developments to Note
Sherwin-Williams projects mid-to-high single digit percentage increase in net sales year over year for third-quarter 2018.
For full-year 2018, Sherwin-Williams projects high teens to low twenty percentage increase in net sales from 2017. It also sees incremental sales from the Valspar buyout to be roughly $1.85 billion for the first five months of the year. At this level, the company expects earnings per share for the year to be in the range of $15.00-$15.20 per share. The guidance includes a $3.80-$3.90 per share charge related to the Valspar acquisition. The company also raised its adjusted earnings per share guidance for 2018 to $19.05-$19.35.
Zacks Rank
Currently, Sherwin-Williams has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Sherwin-Williams’ shares were inactive in the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Sherwin-Williams’ earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>