PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Free Download of

Paint and Coatings Industry News

Main News Page


Strong Q1 Surprises Sherwin-Williams

Tuesday, April 10, 2012

More items for Coating Materials

Comment | More

The Sherwin-Williams Company is set to unveil a better-than-expected first quarter, with stronger sales and earnings than the company itself forecast earlier this year.

The largest U.S. paint retailer said Tuesday (April 10) that it expected its diluted net income per common share to be in the range of $.92 to $.95 when it announces details of its first quarter on April 19.

 The Paint Stores Group expects to report a 20 percent increase in net sales during the quarter.

 Sherwin-Williams

The Paint Stores Group expects to report a 20 percent increase in net sales during the quarter.

In its January guidance, the Cleveland-based company projected $.56 to $.74 diluted net income per common share; in 2011, it reported $.63 per share for the same quarter.

High-End Profit Estimate

Sherwin-Williams said Tuesday that it expected to beat its own guidance and analysts’ forecasts for the quarter ending March 31. The average profit estimate of 15 analysts surveyed by Bloomberg was 72 cents, compared to Sherwin-Williams’ own January profit forecast of 56 cents to 74 cents.

Sherwin-Williams credited the improvement to strong sales and performance by its Paint Stores Group. The group’s net sales climbed about 20 percent in the first quarter, due mainly to improving domestic architectural paint sales volume and price increases across all end-market segments, the company said.

Strong Season

The upbeat sneak preview was the latest good news in what is shaping up to be a strong season for the paint and coatings industry.

Last week, PPG Industries announced that it, too, foresaw better-than-expected earnings and strong sales, despite layoffs and a one-time environmental charge, when the company releases its first-quarter statement on April 19.

The same day, RPM International announced that its traditionally weak third quarter had actually included double- and triple-digit gains.

On April 5, Investors Business Daily reported a flurry of upticks in paint company stocks. The IBD report ranked the paints group 10th, up from 96th at the start of the year.

And on Tuesday, Barclay’s analyst Christopher J. Nocella said the paint season was off to a “strong start,” according to streetinsider.com.

Zack’s Equity Research was cautiously optimistic, saying, “Strong sales in the Paint Stores Group will place Sherwin-Williams in a better position. We further believe that the company will expand its footprint through meaningful acquisitions. However, raw material prices remain a concern.

“The price of its key input titanium dioxide (TiO2) has been escalating and continues to be a headwind for the company. Furthermore, Sherwin Williams faces stiff competition from PPG Industries Inc.”

   

Tagged categories: Coatings manufacturers; Earnings reports; Market; PPG; RPM; Sherwin-Williams

Comment Join the Conversation:

Sign in to our community to add your comments.

Mitsubishi Gas Chemical America
Performance Amine 1,3-BAC

A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.


Polyval Coatings
POLYFLEX brand Polyurea

high chemical resistant membranes are used extensively to protect our environment in secondary containment applications.


BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


International Paint LLC

International Paint Engineered Coatings

Learn about our solutions for:
  • Structural Steel
  • Piping & Equipment
  • Storage Tanks
  • Pressure Vessels
  • Secondary Containment


    Sherwin-Williams
    Heat-FLex® Hi-Temp 1200

    Improved Corrosion
    Resistance
    Enhanced Durability
    Faster Shop Throughput


    Hempel (USA) Inc.
    HEMPEL PROTECTIVE COATINGS

    Efficient systems and high quality products to reduce your maintenance costs. Visit Hempel Protective for more information.


    Wasser High-Tech Coatings Inc.
    Wasser Coatings Protect

    some of the most important bridges in the country; learn about our NEPCOAT-approved system and our entire range of MCU & Polyurea coatings. 1-800-627-2968 www.wassercoatings.com

  •  
     
     
    Technology Publishing

    The Technology Publishing Network

    The Journal of Protective Coatings & Linings (JPCL) PaintSquare
    Durability + Design Paint BidTracker JPCL Europe

     
    EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
    REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
    MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
     

    © Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
    2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com