RTTNews | Jan 14, 2022 07:18AM EST

07:18 Friday, January 14, 2022 (RTTNews.com) - The Sherwin-Williams Co. (SHW) announced Friday preliminary financial results for the fourth quarter and full year 2021.

For the fourth quarter, the company said consolidated net sales increased approximately 6.1% compared to the prior year. Earnings are expected to be approximately $1.15 per share and adjusted earnings are expected to be approximately $1.35 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.69 per share on revenues of $4.77 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2021, the company now expects earnings to be approximately $6.96 per share and adjusted earnings to be approximately $8.15 per share, down from prior adjusted earnings guidance in the range of $8.35 to $8.55 per share.

The Street is looking for earnings of $8.48 per share on revenues of $19.95 billion for the year.

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