CLEVELAND (AP) — CLEVELAND (AP) — Sherwin-Williams Co. (SHW) on Thursday reported fourth-quarter profit of $476.8 million.
The Cleveland-based company said it had profit of $1.92 per share. Earnings, adjusted for costs related to mergers and acquisitions and severance costs, came to $2.23 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.
The paint and coatings maker posted revenue of $5.6 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $5.55 billion.
For the year, the company reported profit of $2.57 billion, or $10.26 per share. Revenue was reported as $23.57 billion.
Sherwin-Williams expects full-year earnings in the range of $11.50 to $11.90 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHW at https://www.zacks.com/ap/SHW
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