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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 |
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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