Sherwin-Williams: Q1 earnings snapshot

CLEVELAND — Sherwin-Williams Co. today reported first-quarter net income of $370.8 million.

On a per-share basis, the company said it had profit of $1.41. Earnings, adjusted for non-recurring costs, came to $1.61 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.

The paint and coatings maker posted revenue of $5 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $4.88 billion.

Sherwin-Williams expects full-year earnings in the range of $9.25 to $9.65 per share.