The Sherwin-Williams Company Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Earnings Per Share Guidance for the Year 2018
For the year, the company reported net sales of $14,983,788,000 as compared to $11,855,602,000 for the same period last year. Income from continuing operations before income taxes was $1,528,219,000 as compared to $1,595,233,000 for the same period last year. Net income from continuing operations was $1,813,802,000 as compared to $1,132,703,000 for the same period last year. Net income was $1,772,262,000 as compared to $1,132,703,000 for the same period last year. Net income per common share was $19.08 as compared to $12.33 for the same period last year. Diluted net income per common share from continuing operations was $19.11 as compared to $11.99 for the same period last year. EBITDA from continuing operations was $2,283,451,000 as compared to $1,946,799,000 for the same period last year. Full year net operating cash increased $575.4 million to $1.88 billion.
The Company anticipates diluted earnings per share for 2018 in the range of $15.35 to $15.85 per share, including a charge of approximately $3.45 per share for acquisition-related costs and purchase accounting.