Sherwin-Williams 3Q Sales Climb Over 5%
October 27 2020 - 8:07AM
Dow Jones News
By Allison Prang
Sherwin-Williams Co.'s earnings and net sales rose in the third
quarter.
Net income climbed 22% to $705.8 million from $576.5 million a
year earlier. The company said earnings were $7.66 a share, up from
$6.16 a share.
Results for the comparable quarter a year earlier were hurt by a
nearly $35 million California litigation expense.
Adjusted earnings were $8.29 a share. According to FactSet,
analysts were expecting $7.79 a share.
Net sales were $5.12 billion, up more than 5% from $4.87 billion
a year earlier. Analysts expected $5.07 billion. The company said
the estimated impact from Covid-19 didn't materially impact
third-quarter net sales but hurt net sales for the first nine
months of the year by about 3%.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 27, 2020 07:52 ET (11:52 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Sherwin Williams (NYSE:SHW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sherwin Williams (NYSE:SHW)
Historical Stock Chart
From Sep 2023 to Sep 2024