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SHW Sherwin Williams

318.75
0.00 (0.00%)
Pre Market
Last Updated: 13:29:50
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sherwin Williams NYSE:SHW NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 318.75 81 13:29:50

Sherwin-Williams Says Housing Market Should Boost Demand During 2021

28/01/2021 12:52pm

Dow Jones News


Sherwin Williams (NYSE:SHW)
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By Micah Maidenberg

 

Sherwin-Williams Co. said Thursday it believes dynamics in the housing market will continue to bolster its business in the U.S. and Canada this year.

For 2021, the paint company forecast $23.87 to $24.67 a share in profit, or $26.40 to $27.20 on an adjusted basis. Sales are expected to increase by the mid-to-high-single digits over 2020.

"We expect North American new residential and residential repaint demand will remain strong. Our commercial end markets will likely remain choppy, and our DIY business will face challenging comparisons," Chief Executive John Morikis said.

Sherwin-Williams also sees improving industrial demand for the year, he said.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

January 28, 2021 07:37 ET (12:37 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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