The Sherwin-Williams Co. Issue Q4 2011 Guidance; Revenue Guidance In Line With Analysts' Estimates; Issues FY 2011 Revenue Guidance Above Analysts' Estimates; Reaffirms FY 2011 EPS Guidance

The Sherwin-Williams Co. announced that for the fourth quarter of 2011, it anticipate its consolidated net sales to increase 6% to 10% compared to last year's fourth quarter. The Company expect diluted net income per common share (EPS) for the fourth quarter to be in the range of $(.05) to $.15 per share, including the one-time charge of $.72 per share relating to the IRS settlement, compared to $.67 per share in 2010. For fiscal 2011, the Company expect consolidated net sales to increase above fiscal 2010 levels by a low teen percentage. With annual sales at that level, the Company is reaffirming its full year guidance for diluted net income per common share for fiscal 2011 at $4.65 to $4.85 per share before the IRS settlement and in the range of $3.93 to $4.13 per share due to the settlement. The Company reported revenue of $1.896 billion in fourth quarter of 2011 and revenue of $7.776 billion in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $2.016 billion for the fourth quarter of 201 and revenue of $8.644 billion for fiscal 2011.