Sherwin-Williams Lowers Earnings Estimates

Cleveland, OH, July 21, 2009--Sherwin-Williams said Tuesday it expects to earn between $1.15 and $1.45 per share in the third quarter of 2009 as a slower economy continues to cut into its paint sales.

That's lower than the $1.52 per share it earned in the third quarter of 2008, as the company said it's anticipating a 10 percent to 13 percent drop in sales compared to its year-ago figure of $2.27 billion.

The Cleveland-based company revised its full 2009 earnings guidance to $3.30 to $3.80 per share, a drop from the $4 per share it earned in 2008.