Valspar Costs Overshadow Sherwin-Williams' Revenue Gains
A strong economy makes homeowners more willing to spend money to do work on their homes, and Sherwin-Williams (NYSE: SHW) has been a beneficiary of that favorable trend for years. Not only has the paint specialist grown its own network of stores and products organically, but it has also made key strategic moves, buying rival Valspar to improve its position within the industry.
Coming into Thursday's second-quarter financial report, Sherwin-Williams investors were expecting the company to keep growing revenue and net income at a healthy pace. The paint-maker largely delivered on that front, with record quarterly sales results. Yet acquisition-related costs weighed on Sherwin-Williams' bottom line, and a drop in guidance related solely to those one-time costs affected investor sentiment negatively even as the company looked forward to stronger long-term prospects. Let's take a closer look at Sherwin-Williams and what its latest results say about its future.
Image source: Sherwin-Williams.
Source: Fool.com
Sherwin-Williams Co. Aktie
Mit 36 Buy-Einschätzungen und nur 1 Sell-Einschätzungen ist Sherwin-Williams Co. einer der Lieblinge unserere Community.
Das Kursziel von 336 € für Sherwin-Williams Co. weist auf ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 316.15 € hin.
