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Sherwin-Williams Cuts Forecast Again on Ida’s Lingering Impact

Mark White by Mark White
September 28, 2021
in Supply Chain
0


Sherwin-Williams Co. cut its outlook for the second time in three weeks after the paint maker said the impact of Hurricane Ida on the already-stretched supply chain was worse than originally expected.

Adjusted earnings will be $8.35 to $8.55 a share this year, down from a prior forecast of as much as $9.45, the company said Tuesday in a statement. Analysts had been expecting $9.26 a share on average. Revenue could fall in the third quarter, leading to full-year consolidated sales up high-single digits, compared with a prior expectation of high-single to low-double digits.



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Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

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