Sherwin-Williams boosts '15 outlook

On the heels of announcing a new partnership with Lowe's and HGTV, Sherwin-Williams Co. is predicting healthy sales growth for this year and next year. For the full year 2014, the company expects consolidated net sales to increase approximately 9% compared with full year 2013.

And for the full year 2015, Sherwin-Williams expects consolidated net sales to increase 7-11% compared with full year 2014. Based on annual sales projections, the retailer narrowed its guidance range for 2014 diluted net income per common share to $8.75 to $8.80 per share, compared to $7.26 per share earned in 2013.

For full year 2015, Sherwin-Williams expects diluted net income per common share will be in the range of $10.65 to $10.85 per share.

Sherwin-Williams’ estimates include expectations that its Comex paint stores acquisition and start-up expenses related to its new paint program at Lowe’s stores will negatively impact net income per share in 2014, and that the paint program will increase sales by a low-single-digit percentage in 2015.