Sherwin-W. reaffirms FY19 adjusted EPS view $20.40-$21.40, consensus $21.14
The company said, "For the FY19, we expect our consolidated net sales will increase 4%-7% compared to the FY18. We are updating our FY19 diluted net income per share guidance to be in the range of $16.93 to $17.93 per share as a result of lower than expected pension settlement expense of $.27 per share, versus the previous estimate of $.43 per share, and charges of $3.20 per share for acquisition-related costs. Diluted net income per share in 2018 was $11.67 per share, including a charge of $4.15 per share for acquisition-related costs and charges for non-operating expenses of $2.71 per share. We are reaffirming our full year 2019 adjusted diluted net income per share guidance to be in the range of $20.40 to $21.40 per share, excluding acquisition-related costs and pension settlement expense compared to $18.53 per share for the full year 2018 on a comparable basis."