One of the world’s largest companies specialized in developing, manufacturing, and selling coatings and related products is taking the market by storm with its latest performance
The Sherwin-Williams Company reported an EPS of $2.42 in Q2 2021, topping by 12% of last year’s figures. Revenues also came ahead of the year-ago numbers, at $5.37 million, marking a 16.9% increase.
In the first six months of the year, the company repurchased 6.4 million shares, with a remaining authorization to repurchase 52.25 million shares via open market purchase at the end of the quarter.
For the future, Sherwin-Williams expects its net sales to increase mid-to-high single-digit percentage, while for the whole of 2021, it is expected to increase high-single to low-double digits.
USA500’s materials sector, part of which is Sherwin-Williams, has broken out in recent days, ending last week 3% up in the top performance of the index. According to data from Zacks, shares of Sherwin-Williams gained 35.2% in the past year, compared with a 30.3% rise of the industry. Year-to-date, its share price went up more than 19%.
Sources: finance.yahoo.com, morningbrew.com, zacks.com