Sherwin-Williams benefits from DIY boom

Sherwin-Williams reported its Q4 profits rose to $407 million, or $4.46 per share, from $248.6 million ($2.66) in Q4 of 2019. Adjusted earnings of $5.09 per share beat analyst estimates of $4.85. Sales rose to $4.49 billion, compared to $4.11 billion a year ago and a consensus estimate of $4.34 billion. In the Americas, sales rose by nine percent. The company attributed the gains to “higher residential repaint, DIY, and new residential paint sales in the U.S. and Canada,” partially offset by the impact of the pandemic.