WASHINGTON (dpa-AFX) - (Adds Outlook)
For the second quarter, Sherwin-Williams (SHW) expects sales to be in flat to up low-single digit percentage.
For the full year, the company sees earnings of $10.05-$10.55 a share.
Excluding acquisition-related amortization expense of $0.80 per share, it expects earnings of $10.85-$11.35 per share for the year.
Analysts on average expect the company to report a profit of $11.44 a share.
Q1 Results:
Sherwin-Williams Co (SHW) announced earnings for its first quarter that increased from last year but missed the Street estimates.
The company's earnings totaled $505.2 million, or $1.97 per share. This compares with $477.2 million, or $1.84 per share, in last year's first quarter.
Excluding items, Sherwin-Williams Co reported adjusted earnings of $2.17 per share for the period.
Analysts on average had expected the company to earn $2.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.3% to $5.37 billion from $5.44 billion last year.
Sherwin-Williams Co earnings at a glance (GAAP) :
-Earnings (Q1): $505.2 Mln. vs. $477.2 Mln. last year. -EPS (Q1): $1.97 vs. $1.84 last year. -Revenue (Q1): $5.37 Bln vs. $5.44 Bln last year.
-Guidance: Full year EPS guidance: $10.85 - $11.35
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