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Letter to the Editor
Thursday June 21
Sherwin-Williams Earnings Expectations
Cleveland, OH -- The Sherwin-Williams Company has announced that it expects its diluted earnings per share to be in the range of $0.55 to $0.60 for the second quarter and $1.75 to $1.90 for the year 2001. This reduction in earnings expectations is principally due to lower than anticipated sales that were impacted by weak economies and unfavorable currency exchange rates. The Company announced on April 23, 2001 that it expected diluted earnings per share to be in the range of $0.60 to $0.65 for the second quarter and $1.85 to $1.95 for the year 2001. The Company's diluted earnings per share were $0.71 for the second quarter of 2000 and $1.90 for the year 2000, excluding a $294 million after-tax asset impairment charge. The Company will announce its second quarter results on July 25.
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