=Sherwin-Williams (SHW) reported earnings on Thur 21 Jul 2016 (b/o)

Sherwin-Williams misses by $0.10, misses on revs; guides Q3 EPS below consensus; reaffirms FY16 guidance  :

• Reports Q2 (Jun) earnings of $4.06 per share, excluding non-recurring items, $0.10 worse than the Capital IQ Consensus of $4.16; revenues rose 2.8% year/year to $3.22 bln vs the $3.28 bln Capital IQ Consensus.
• Co issues downside guidance for Q3, sees EPS of $4.20-4.40, excluding Valspar (VAL) acquisition costs & a tax benefit, vs. $4.41 Capital IQ Consensus Estimate.
  • Anticipates 3Q16 sales increase of low to mid single digit percentage
• Co reaffirms guidance for FY16, sees EPS of $12.50-12.70, excluding Valspar (VAL) acquisition costs & a tax benefit, vs. $12.68 Capital IQ Consensus Estimate.
  • For the full year 2016 expects consolidated net sales to increase by a low single digit percentage compared to full year 2015