Sherwin-Williams Lowers Earnings Estimates

Cleveland, OH, March 24, 2008—Sherwin-Williams Co. cut its first-quarter and full-year earnings targets to reflect lower sales in the U.S. and higher raw-material costs.

The company said it expects first-quarter earnings of 56 cents to 61 cents a share, compared to its earlier target range of 72 cents to 80 cents a share set in late January.

Sherwin-Williams also revised its full-year income forecast to $4.70 to $4.85 a share, down from the January forecast for $5 to $5.15 a share.