Sherwin-Williams Profits, Revenues Off Slightly

Cleveland, OH, Oct. 21, 2009--Sherwin-Williams Co. posted slight dip in third-quarter earnings and warned that its current quarter would fall short of Wall Street targets.

Sherwin-Williams reported earnings of $175 million, or $1.51 a share, down from $177 million, or $1.50 a share, a year ago.

Sales also declined to $2 billion from $2.27 billion.

"While we remain disappointed with our sales, we are pleased with our earnings performance in the quarter resulting from the actions that have taken place within our operating segments to control costs, improve efficiencies, and maintain superior customer service," Chairman and CEO Chris Connor said.