Sherwin-Williams earnings miss estimates

CLEVELAND ― Sherwin-Williams Co. reported Q1 net income of $245.2 million, or $2.62 per share, down from $250.1 million ($2.62 per share) a year ago. Net sales from stores in the U.S. and Canada open more than 12 calendar months increased 3.6% in the quarter. Diluted net income per share was flat at $2.62 per share in the first quarters of both 2019 and 2018. Excluding acquisition-related costs and pension settlement expenses, diluted net income per share increased to $3.60 per share from $3.57 per share in Q1 of 2018 on a comparable basis. Analysts had forecast diluted EPS of $3.66.