Your Source for Up-To-Date News and Research on the Collision Repair Industry
click here to subscribe to the FREE INSIGHT Editor's Desk News Alert Email
SUBSCRIBERS-ONLY
Today's News
INSIGHT This Month
INSIGHT Archives
Survey Center
Letter to the Editor
Business Tools
Subscription Information
CSI Reporting
Financial Analysis
IRS Audit Guide
Management/
Technical Info
Market Watch Rates
INSIGHT Inside this month's issue...
Feedback
Letter to the Editor
Thursday February 6
Sherwin-Williams Q4 Profit Up 25%
Sherwin-Williams Co. has reported that fourth-quarter profits rose 25.7 percent, boosted by sales of paint to do-it-yourselfers and by cost cuts.The company posted quarterly profit of $57.1 million, or 38 cents a share, compared with $45.4 million, or 30 cents a share, a year ago.
Sales rose 2 percent to $1.16 billion.
The company expects 2003 will be a "low-growth, challenging year" due to uncertain worldwide economic conditions, the threat of war with Iraq and the slow, long-term recovery expected in the domestic economy. It forecast sales growth of 3 percent to 5 percent for the year, with earnings of $2.17 to $2.19 per share in 2003.
In other company news, Susan J. Kropf was appointed to the Board of Directors of the Sherwin-Williams Company.
Kropf is President and Chief Operating Officer of Avon Products, Inc., the world's leading direct seller of beauty and related products. In this capacity, Kropf is responsible for Avon's worldwide direct selling operations as well as all global functions in the areas of marketing, research and development, information technology, and supply chain. She is also a member of Avon's Board of Directors.
©2003 Collision Repair Industry INSIGHT
All Rights Reserved
FEATURED
LINKS:
INSIGHT Supports the NABC!
Do You?