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Sherwin-Williams Co Issues Q3 2013 Guidance Below Analysts' Estimates; Reaffirms FY 2013 Guidance


Thursday, 18 Jul 2013 08:08am EDT 

Sherwin-Williams Co announced that for third quarter of 2013, it expects consolidated net sales to increase 6-9% compared to third quarter of 2012, diluted net income per common share to be in the range of $2.55 to $2.65 per share. For the full year 2013, it expect consolidated net sales to increase above fiscal 2012 levels by a mid single digit percentage. With annual sales at that level, the Company has reaffirmed its fiscal 2013 EPS Guidance and expects diluted net income per common share to be in the range of $7.45 to $7.55 per share. The Company reported revenue of $9.53 billion in fiscal 2012 and revenue of $2.603 billion for third quarter of 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $3.181 billion and EPS of $2.80 for third quarter of 2013; revenue of $10.871 billion fiscal 2013.