Sherwin-Williams to Acquire Italian Wood Coatings Company Industria Chimica Adriatica S.p.A.

The Sherwin-Williams Company announced an agreement to acquire Industria Chimica Adriatica S.p.A. (ICA), an Italian designer, manufacturer and distributor of industrial wood coatings used for kitchen cabinets, furniture and décor, building products, flooring and other specialty applications. The acquired business has annual sales of more than €150 million, with sales and operations globally, including production facilities in Italy and Poland, and ICA’s interest in the India-based joint venture, ICA … Continue reading Sherwin-Williams to Acquire Italian Wood Coatings Company Industria Chimica Adriatica S.p.A.

Sherwin-Williams beats estimates on strong pricing, higher volumes in the Americas

Sherwin-Williams (SW) reported third-quarter net income up 36.4% year-on-year (YOY), to $685.1 million, on net sales up 17.5%, to $6.05 billion. Adjusted earnings totaled $2.83/share, ahead of analysts’ consensus estimate of $2.57/share, as reported by S&P Global Capital IQ. Margins expanded on a YOY basis during the quarter, as raw material availability improved, selling prices increased, and volumes grew in the Americas. “Our margins improved … Continue reading Sherwin-Williams beats estimates on strong pricing, higher volumes in the Americas