Sherwin Williams 3Q17 Business Interruption Earnings Hit

Sherwin-Williams Co. (SHW) cuts its guidance for sales and earnings per share for the third quarter ending September 30, 2017.

3Q17 sales and profit have been negatively impacted by the lost sales days, costs related to clean up and recovery efforts and tightened supply of propylene and ethylene based raw materials.

SHW cut its expectation for net income per common share in the third quarter to be in the range of $3.40 to $3.70 per share compared to previous expectation of $3.70 to $4.10 per share.  Comparative net sales are projected to be in the low single digit not the mid single digits.

SW

 

 

 

 

KCS, Laredo and Hurricane Harvey

Kansas City Southern (KCS) does not believe its property and business income losses from Hurricane Harvey will exceed KSC’s $10 million self-insured retention.

Extraordinary number because almost 60% of US surface trade with Mexico passes thru areas directly and indirectly affected by Hurricane Harvey.

KCS