CLEVELAND — Sherwin-Williams Co. today reported third-quarter net income of $502.2 million.
On a per-share basis, the Cleveland-based company said it had net income of $1.88. Earnings, adjusted for costs related to mergers and acquisitions, came to $2.09 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.
The paint and coatings maker posted revenue of $5.15 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $5.11 billion.
Sherwin-Williams expects full-year earnings in the range of $8.35 to $8.55 per share.