Benzinga | Sep 28, 2021 04:12PM EDT

UPDATE: Sherwin-Williams Sees Q3 2021 Net Sales 'Flat To Down Slightly' Vs Q3 2020; Sees Q3 2021 Diluted Net Income EPS $1.80-$1.90 Vs $2.03 Est; Lowers FY21 EPS To $7.21-$7.41 Vs $9.21 Est

* Narrows third quarter 2021 consolidated net sales guidance to be flat to down slightly compared to third quarter 2020

* Establishes third quarter 2021 diluted net income per share guidance in the range of $1.80 to $1.90 per share, including $0.20 per share for acquisition-related amortization expense

* Lowers full year 2021 consolidated net sales guidance to be up by a high single digit percentage over full year 2020

* Lowers full year 2021 diluted net income per share guidance to be in the range of $7.21 to $7.41 per share, including $0.80 per share for acquisition-related amortization expense and a loss of $0.34 per share on the Wattyl divestiture Management conference call scheduled for 9:00 a.m. EDT, Wednesday, September 29, 2021