Last €158.85 EUR
Change Today -0.40 / -0.25%
Volume 30.0
SJ3 On Other Exchanges
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As of 1:09 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

sherwin-williams co/the (SJ3) Snapshot

Open
€158.10
Previous Close
€159.25
Day High
€158.85
Day Low
€158.10
52 Week High
07/24/14 - €159.28
52 Week Low
08/28/13 - €124.55
Market Cap
15.5B
Average Volume 10 Days
14.1
EPS TTM
--
Shares Outstanding
97.8M
EX-Date
08/13/14
P/E TM
--
Dividend
€2.19
Dividend Yield
0.98%
Current Stock Chart for SHERWIN-WILLIAMS CO/THE (SJ3)

sherwin-williams co/the (SJ3) Related Businessweek News

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sherwin-williams co/the (SJ3) 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 July 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 (SJ3) 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 (SJ3) Key Developments

The Sherwin-Williams Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014; Expects Paint Stores Group to Open 80 to 90 New Stores for the Year 2014

The Sherwin-Williams Company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $3,042,995,000 against $2,713,889,000 a year ago. Compared to the same periods in 2013, consolidated net sales increased $329.1 million, or 12.1%, due primarily to higher paint sales volume in its Paint Stores Group and acquisitions. Income before income taxes was $429,230,000 against $380,884,000 a year ago. Net income was $291,447,000 or $2.94 per diluted share against $257,287,000 or $2.46 per diluted share a year ago. The increases in second quarter and six month diluted net income per common share were due primarily to improved operating results of the Paint Stores and Consumer Groups. For the six months, the company reported net sales of $5,409,551,000 against $4,881,057,000 a year ago. Compared to the same periods in 2013, consolidated net sales increased $528.5 million, or 10.8%, due primarily to higher paint sales volume in its Paint Stores Group and acquisitions. Income before income taxes was $595,307,000 against $549,268,000 a year ago. Net income was $406,904,000 or $4.06 per diluted share against $373,472,000 or $3.57 per diluted share a year ago. The increases in second quarter and six month diluted net income per common share were due primarily to improved operating results of the Paint Stores and Consumer Groups. Through the first six months of 2014, the company spent $66.9 million on capital expenditures. In the first six months of 2014, the company generated $332 million in net operating cash, an increase of $30 million compared to the first half of 2013, driven by higher six-month net income. The company provided earnings guidance for the third quarter and full year of 2014. For the third quarter, the company expects its consolidated net sales will increase 9% to 14% compared to last year's third quarter. At that expected sales level, the company expects diluted net income per common share in the third quarter of 2014 to be in the range of $3.15 to $3.25 per share compared to $2.55 per share earned in the third quarter of 2013. This guidance includes the company’s expectation that the Comex acquisition will increase net sales $120 million to $130 million and reduce diluted net income per common share by approximately $0.05 per share in the third 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 has raised its expectation for diluted net income per common share for 2014 to a range of $8.50 to $8.70 per share compared to $7.26 per share earned in 2013. This annual guidance includes the company’s 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 $0.35 per share in 2014. For full year 2014, the company anticipates capital expenditures for the year will be approximately $190 million to $200 million, depreciation will be about $170 million, and amortization will be about $30 million. For the full year 2014, the company expects its effective tax rate to be in the low 30s compared to last year's 30.7%. The company announced that it is continuing to invest in its business. In the first six months, Paint Stores Group opened 33 net new stores. For the year 2014, the company expects its Paint Stores Group to open 80 to 90 new stores.

The Sherwin-Williams Company Elects Matthew Thornton III to the Board of Directors, Effective from July 16, 2014

The Sherwin-Williams Company announced that the Board of Directors of Sherwin-Williams elected Matthew Thornton III to the Board of Directors effective July 16, 2014. Mr. Thornton, is Senior Vice President, US Operations, FedEx Express, the express transportation company and a subsidiary of FedEx Corporation. Mr. Thornton was also appointed to the Audit Committee of the Board. Sherwin-Williams' Board now consists of ten members, including nine independent directors. Mr. Thornton was promoted to Senior Vice President -- Air, Ground & Freight Services in 2004 before being named Senior Vice President, US Operations, FedEx Express in 2006.

Sherwin-Williams Declares Quarterly Dividend, Payable on September 5, 2014

The Board of Directors of The Sherwin-Williams Company announced a regular quarterly dividend of $0.55 per common share, payable on September 5, 2014, to shareholders of record on August 15, 2014.

 

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SJ3

Industry Average

Valuation SJ3 Industry Range
Price/Earnings 27.6x
Price/Sales 1.9x
Price/Book 12.8x
Price/Cash Flow 27.1x
TEV/Sales 1.8x
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