CEO Christopher Connor has been the chief executive officer of The Sherwin-Williams Co since 1999. He is 49 years old. Follow Mr. Connor and The Sherwin-Williams Co in the news and blogs or share your own opinion about the company and...
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CEO Christopher Connor has been the chief executive officer of The Sherwin-Williams Co since 1999. He is 49 years old. Follow Mr. Connor and The Sherwin-Williams Co in the news and blogs or share your own opinion about the company and its leadership.
A call from a lawyer colleague alerted me to the fact that Judge Laureen D'Ambra is being considered as one of the nominees for a position on our Rhode Island Supreme Court was enough to increase my concern for the people of our fair state. How many stories are there about Judge Laureen D'Ambra and the damage she caused to Rhode Island Families while she was assigned to the domestic calendarin Washington County for two (2) years on the Domestic Calendar? I know of six (6) families victimized... Read Full Story
Shares of Sherwin-Williams Co. dropped Tuesday after the paint maker said its same-store sales fell during the second quarter. Shares of the Cleveland-based company fell $3.27, or 5.6 percent, to $54.22 in mid-afternoon trading. Earlier in the day, Sherwin-Williams told investors that its quarterly profit dropped 7 percent as the economic downturn cut into its sales. The company reported earnings of $158 million, or $1.35 per share, in the second quarter of 2009 compared with $171.7 million... Read Full Story
Sherwin-Williams is recalling about 76,000 Purdy paint scrapers. The recalled scraper's body can break away from the handle when struck against a hard object. This poses a laceration hazard to users.
The firm has received four reports of the scraper's body separating from the handle. There have been no reported injuries.
The recalled scraper is a 2-inch wide steel tool with a four-sided edge. The handle has a soft black grip with 'Purdy' printed in red letters on the side of the handle... Read Full Story
The state is making progress toward its goal of cleaning up as many as 600 housing units contaminated with toxic lead paint, Rhode Island Attorney General Patrick Lynch said Monday. The $6.7 million project is funded by DuPont and targets homes and apartments in low-income neighborhoods. Lynch, who spoke outside a low-income home in Providence currently undergoing remediation, said he hopes to complete the work by 2012. "As long as there is one child harmed and one family adversely affected... Read Full Story
Some interesting notables from Sherwin William's (SHW) earnings call . CFO Sean Hennessy had some of the more interesting disclosures: * $220 million stock repurchased at an average cost of $53.69. * Debt Expense: Saul Ludwig – Keybanc: "I don’t understand why your interest expense, just gross interest expense that you write for the amount of debt and the rate that you pay was down in the first quarter when your debt had to be up $250 million." Sean Hennessy: "I think when you take a look at... Read Full Story
How can you have a "public nuisance" when the nuisance itself is virtually eradicated? That must be the question Sherwin Williams (SHW), NL Industires(NL) and the other defendants must be shaking their heads asking themselves. Jane Genova reports : "Actually, as LEGAL NEWSLINE's John O'Brien notes, new cases have been steadily and significantly plummeting over the past 10 years. Ironically, it was about that time that the lead paint public nuisance lawsuit activity began in RI. According to... Read Full Story
The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coatings, and related products. It operates in three segments: Paint Stores Group, Consumer Group, and Global Finishes Group. The company, which has raised dividends for 31 consecutive years, is a member of the S&P Dividend Aristocrats index . Back in February 2009 Sherwin-Williams announced a 1.40% dividend increase. Over the past decade this dividend growth stock has delivered an... Read Full Story
The Owens Corning (OC) earnings call gave investors even more reason to be optimistic that the earnings release did. 2008 Stated Goals Being Met: * Will reduce our costs by $100 million. That program is fully implemented. * Composites operating margins would approach double digits for 2008. They were 9.6% in the first quarter. * Achieve $30 million in acquisition synergies. That's on track. * Continue to manage a strong balance sheet. Finished the quarter with net debt of slightly more than... Read Full Story
Jane Genova has poster the details on how to tune in the RISC webcast of oral arguments in the the State v Sherwin Williams (SHW) and NL Industries (NL). Follow this link: Disclosure ("none" means no position):Long SHW, none ↑ Grab this Headline Animator Visit the ValuePlays Bookstore for Great Investing Books This work is licensed under a Creative Commons Attribution 2.5 License .
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A win for the paint industry in the latest consumer product litigation scam. Jane Genova reports : Today, MEALEY'S LITIGATION REPORT issued a special e-mail bulletin on the long-awaited Wisconsin Supreme Court ruling in "Ruben Baez Godoy v. E.I. duPont de Nemours and Co., (DD) et al." MEALEY'S editor James Cordrey reports, "The Wisconsin Supreme Court today unanimously affirmed an appellate court ruling and held that lead pigment is not defectively designed, dismissing a lead-poisoned boy's... Read Full Story
