Sherwin-Williams Shares Decline as Investors React to High One-Time Costs and Margin Pressure
Sherwin-Williams reported middling third-quarter results, with consolidated sales increasing 5% from a year earlier. However, implementation costs for the Lowe’s exclusivity deal once again weighed on investors’ minds, driving the stock down after the release. Unsurprisingly, input cost inflation pressured operating margins yet again. Management narrowed its 2018 earnings per share guidance to $19.05-$19.20, a $0.15 decrease from the upper bound of previous guidance.We’ve slightly trimmed our e...
Sherwin-Williams is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to industrial, commercial and retail customers. The company's segments are: The Americas Group, which markets and sells Sherwin-Williams? and other controlled brand architectural paint and coatings, protective and marine products, OEM product finishes and related products; Consumer Brands Group, which supplies architectural paints, stains, varnishes, and industrial products, among others; and Performance Coatings Group, which develops and sells industrial coatings, automotive refinish, protective and marine coatings, coil coatings, packaging coatings and resins and colorants.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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