Last $201.04 USD
Change Today -0.91 / -0.45%
Volume 664.6K
As of 4:00 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

sherwin-williams co/the (SHW) Snapshot

Open
$203.62
Previous Close
$201.95
Day High
$203.93
Day Low
$200.37
52 Week High
03/7/14 - $208.63
52 Week Low
07/18/13 - $163.63
Market Cap
20.0B
Average Volume 10 Days
748.9K
EPS TTM
$7.77
Shares Outstanding
99.7M
EX-Date
05/14/14
P/E TM
25.9x
Dividend
$2.20
Dividend Yield
1.02%
Current Stock Chart for SHERWIN-WILLIAMS CO/THE (SHW)

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sherwin-williams co/the (SHW) Details

The Sherwin-Williams Company is engaged in the development, manufacture, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers worldwide. The company operates in four segments: Paint Stores Group, Consumer Group, Global Finishes Group, and Latin America Coatings Group. It provides architectural paint and coatings, protective and marine products, automotive finishes and refinish products, original equipment manufacturer product finishes, and related items. The company offers its products under the Sherwin-Williams, Dutch Boy, Krylon, Minwax, Thompson's, Water Seal, and other brands. It also licenses technology and trade names. As of April 17, 2014, the company’s Sherwin-Williams branded products are sold through a chain of approximately 4,100 company-operated stores and facilities, as well as its other brands products are sold through mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.

37,633 Employees
Last Reported Date: 02/27/14
Founded in 1866

sherwin-williams co/the (SHW) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.2M
President and Chief Operating Officer
Total Annual Compensation: $822.7K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $620.5K
President of Paint Stores Group
Total Annual Compensation: $498.3K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $740.4K
Compensation as of Fiscal Year 2013.

sherwin-williams co/the (SHW) Key Developments

The Sherwin-Williams Company Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter and Full Year of 2014

The Sherwin-Williams Company announced unaudited consolidated financial results for the first quarter ended March 31, 2014. Diluted net income per common share in the quarter increased to $1.14 per share from $1.11 per share in 2013, including a $0.12 per share loss from acquisitions. The increase in first quarter diluted net income per common share was due primarily to improved operating results of the Paint Stores and Global Finishes Groups. Net sales were $2,366,556,000, compared to $2,167,168,000 for the last year. Income before income taxes was $166,077,000, compared to $168,384,000 for the last year. Net income was $115,457,000, compared to $116,185,000 for the last year. The company spent $29.4 million on capital expenditure. Operating cash in the quarter was improved by approximately $8 million, compared to its first quarter cash performance last year. For the second quarter, the company anticipates consolidated net sales will increase 8 to 14% compared to last year's second quarter. At that anticipated sales level, the company estimates diluted net income per common share in the second quarter of 2014 to be in the range of $2.80 to $3.00 per share compared to $2.46 per share earned in the second quarter of 2013. This guidance includes expectation that the Comex acquisition will increase net sales $125 million to $135 million and reduce diluted net income per common share by approximately $0.10 per share in the second quarter. For the full year 2014, the company expects consolidated net sales to increase 8 to 13% compared to full year 2013. With annual sales at that level, the company is reaffirming its guidance that diluted net income per common share for 2014 is expected to be in the range of $8.12 to $8.32 per share compared to $7.26 per share earned in 2013. This annual guidance includes expectation that the Comex acquisition will increase net sales by a low single digit percentage in the year and negatively impact diluted net income per common share $0.45 to $0.55 per share in 2014. For the year, the company expects its effective tax rate will be in the low-30% range, compared to last year's rate of 30.7%. The company anticipates capital expenditures will be approximately $190 million to $200 million. Depreciation will be about $170 million and amortization approximately $30 million.

The Sherwin-Williams Company to Open 80 to 90 New Stores of Paint Stores Group in 2014

The Sherwin-Williams Company continued to invest in its business by opening seventeen net new locations in the Paint Stores Group. For the year 2014, the company expects its Paint Stores Group to open 80 to 90 new stores.

Sherwin-Williams Declares Quarterly Dividend Payable on May 30, 2014

The Board of Directors of The Sherwin-Williams Company announced a regular quarterly dividend of $0.55 per common share, payable on May 30, 2014, to shareholders of record on May 16, 2014.

 

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Industry Analysis

SHW

Industry Average

Valuation SHW Industry Range
Price/Earnings 27.6x
Price/Sales 1.9x
Price/Book 11.3x
Price/Cash Flow 26.9x
TEV/Sales 1.7x
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