Welcome Guest to Coatings World    Login || Register
Last Updated Friday, October 9 2015

Sherwin-Williams Updates 4Q

Published February 9, 2006
Based on stronger than anticipated preliminary sales and earnings results, The Sherwin-Williams Company is updating its expectations previously given on October 25 for the fourth quarter and year ended December 31, 2005. Based on preliminary results, diluted net income per common share for the fourth quarter is expected to be in the range of $0.53 to $0.55 per share compared to the October guidance of $0.41 to $0.49 per share. The expected increase in fourth quarter diluted net income per common share over the earlier guidance for the quarter resulted form an additional $0.18 to $0.20 per share anticipated improvement in operating performance that was partially offset by $0.10 per share due to an asset impairment charge. For the full year 2005, diluted net income per common share is expected to be in the range of $3.26 to $3.28 per share versus the October guidance of $3.15 to $3.23 per share.
Consolidated net sales increased 14.1% in the fourth quarter versus previous expectations of a mid-single digit increase. Sales for the full year 2005 improved to $7.19 billion from $6.11 billion in 2004, an increase of 17.6% compared to previous expectations in the the mid-to-high teens. The effect of acquisitions on sales was negligible in the fourth quarter of 2005 and increased consolidated net sales $373 million, or 6.1%, in the full year 2005. On a preliminary basis, gross profit as a percent to net sales declined to approximately 42.5% in the full year 2005 from 44.2% in 2004 due primarily to raw material cost increases and asset impairment charge partially offset by price increases and better factory utilizaztion resulting from higher volume.

blog comments powered by Disqus

Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
View Profile
Follow Coatings World On