We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sherwin-Williams (SHW) Inks Deal to Buy Gross & Perthun GmbH
Read MoreHide Full Article
The Sherwin-Williams Company (SHW - Free Report) agreed to acquire Gross & Perthun GmbH. The latter is a developer, producer and distributor of coatings mainly for the heavy equipment and transportation industries based in Mannheim, Germany.
The acquired business has around 100 employees and roughly $50 million in annual sales. It is expected to become part of the Sherwin-Williams Performance Coatings Group segment. The deal is anticipated to close by the end of the third quarter of 2022.
Sherwin-Williams stated that this high-quality business brings innovative waterborne and solvent liquid coatings technology, leading specification and approval positions, strong relationships with multi-national and local customers, strategically located production and an excellent commercial and technical team focused on delivering innovative and value-added solutions. The combination of its businesses provides multiple opportunities to boost profitable growth throughout Europe and beyond.
Shares of Sherwin-Williams have declined 5.4% in the past year compared with a 4% decline of the industry.
Image Source: Zacks Investment Research
Sherwin-Williams, on Apr 1, 2022, completed the acquisition of the European industrial coatings business of Sika AG. The company noted that the acquisition is in sync with its strategy of taking over premium, complementary and differentiated businesses that have the potential to contribute to its growth momentum. The acquired business provides unique technology, an efficient sales and marketing team, strategic manufacturing locations and adds to scale.
The company, in its last earnings call, stated that it expects consolidated net sales to increase low-double digit to mid teens percentage year over year in the second quarter. For 2022, net sales are expected to increase high-single digit to low-double digit percentage. The company also expects adjusted earnings per share for 2022 to be between $9.25 and $9.65.
Sherwin-Williams currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Allegheny Technologies Inc. (ATI - Free Report) , Nutrien Ltd. (NTR - Free Report) and The Chemours Company (CC - Free Report) .
Allegheny has a projected earnings growth rate of 953.9% for the current year. The Zacks Consensus Estimate for ATI's current-year earnings has been revised 31.7% upward in the past 60 days.
Allegheny’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 128.9%, on average. ATI has gained around 7.8% in a year and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Nutrien has a projected earnings growth rate of 169.7% for the current year. The Zacks Consensus Estimate for NTR’s current-year earnings has been revised 36.4% upward in the past 60 days.
Nutrien’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average being 5.8%. NTR has gained 37.5% in a year. The company flaunts a Zacks Rank #1.
Chemours, currently sporting a Zacks Rank #1, has an expected earnings growth rate of 30.5% for the current year. The Zacks Consensus Estimate for CC's earnings for the current year has been revised 15.2% upward in the past 60 days.
Chemours’ earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average being 28.7%. CC has gained around 12.6% over a year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Sherwin-Williams (SHW) Inks Deal to Buy Gross & Perthun GmbH
The Sherwin-Williams Company (SHW - Free Report) agreed to acquire Gross & Perthun GmbH. The latter is a developer, producer and distributor of coatings mainly for the heavy equipment and transportation industries based in Mannheim, Germany.
The acquired business has around 100 employees and roughly $50 million in annual sales. It is expected to become part of the Sherwin-Williams Performance Coatings Group segment. The deal is anticipated to close by the end of the third quarter of 2022.
Sherwin-Williams stated that this high-quality business brings innovative waterborne and solvent liquid coatings technology, leading specification and approval positions, strong relationships with multi-national and local customers, strategically located production and an excellent commercial and technical team focused on delivering innovative and value-added solutions. The combination of its businesses provides multiple opportunities to boost profitable growth throughout Europe and beyond.
Shares of Sherwin-Williams have declined 5.4% in the past year compared with a 4% decline of the industry.
Image Source: Zacks Investment Research
Sherwin-Williams, on Apr 1, 2022, completed the acquisition of the European industrial coatings business of Sika AG. The company noted that the acquisition is in sync with its strategy of taking over premium, complementary and differentiated businesses that have the potential to contribute to its growth momentum. The acquired business provides unique technology, an efficient sales and marketing team, strategic manufacturing locations and adds to scale.
The company, in its last earnings call, stated that it expects consolidated net sales to increase low-double digit to mid teens percentage year over year in the second quarter. For 2022, net sales are expected to increase high-single digit to low-double digit percentage. The company also expects adjusted earnings per share for 2022 to be between $9.25 and $9.65.
The SherwinWilliams Company Price and Consensus
The SherwinWilliams Company price-consensus-chart | The SherwinWilliams Company Quote
Zacks Rank & Key Picks
Sherwin-Williams currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Allegheny Technologies Inc. (ATI - Free Report) , Nutrien Ltd. (NTR - Free Report) and The Chemours Company (CC - Free Report) .
Allegheny has a projected earnings growth rate of 953.9% for the current year. The Zacks Consensus Estimate for ATI's current-year earnings has been revised 31.7% upward in the past 60 days.
Allegheny’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 128.9%, on average. ATI has gained around 7.8% in a year and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Nutrien has a projected earnings growth rate of 169.7% for the current year. The Zacks Consensus Estimate for NTR’s current-year earnings has been revised 36.4% upward in the past 60 days.
Nutrien’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average being 5.8%. NTR has gained 37.5% in a year. The company flaunts a Zacks Rank #1.
Chemours, currently sporting a Zacks Rank #1, has an expected earnings growth rate of 30.5% for the current year. The Zacks Consensus Estimate for CC's earnings for the current year has been revised 15.2% upward in the past 60 days.
Chemours’ earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average being 28.7%. CC has gained around 12.6% over a year.