Sherwin-Williams Earnings Up 16.5 Percent
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Sherwin-Williams Co., a maker and retailer of paint, reported earnings increased 16.5 percent in the fourth quarter on sales increases and recent acquisitions.
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The company said its fourth-quarter earnings rose 43 percent, beating estimates, on increased merger advisory fees.
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Fourth-quarter earnings at the Industrial conglomerate  rose to 1.06 billion as sales rose across each of segments, with aerospace unit Sikorsky and Otis leading the way, the company said.
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Allstate Corp. , the largest  publicly traded home insurer in the United States, said on  Tuesday that quarterly earnings rose 16.5 percent, helped by  low catastrophe losses.
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Defense contractor Raytheon Co.  on Thursday said quarterly profit rose 16 percent, helped by higher U.S. government spending on its military products and lower tax payments.
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Earnings for Nashville-based Renal Care Group Inc. were up 15 percent in the third quarter and 21 percent through the first nine months of this year.
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Second-quarter profit rose 16 percent as higher prices overshadowed an increase in advertising costs.
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The company said third-quarter profit rose 16 percent despite a drop in production, but warned that performance of its refining operations was weaker than it appeared.
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Business software giant Oracle Corp. said Tuesday that first-quarter earnings rose 16 percent driven by new database license sales that rose 19 percent.
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Paint giant Sherwin-Williams is one step closer to completing its $253 million acquisition of Beltsville-based Duron. The Federal Trade Commission has terminated its review of the proposed merger and will not contest it.
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Royal Dutch Shell Plc posted a 2.6 percent rise in underlying quarterly profits on Thursday, beating analysts' forecasts, thanks to higher production and strong oil prices.
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The companyâs consumer segment, which accounts for more than half of the companyâs sales, posted a 16 percent drop in earnings as the cost of ingredients jumped.
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The company said it earned $52 million in the fourth quarter on strong U.S. and international sales. Its shares climbed more than 7 percent in morning trading.
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The company reported profit of $5.83 billion for the year as demand for its upscale sedans and SUVs led to a surge in sales.
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By Steve Lackmeyer, The Daily Oklahoman  Dec. 17--John Panno, an attorney with Cleveland-based Sherwin Williams, recently visited Oklahoma City with a mission: find developments where the Fortune 500 company could potentially invest millions.
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The company said fourth-quarter earnings rose 17 percent on higher sales of its Enbrel arthritis drug and Prevnar vaccine, but said generic competition would hit 2008 profit.
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Net income rose 14% to $475 million, or 47 cents a share, thanks to a 15% increase in sales at its Duracell battery unit, which benefited from the series of hurricanes that hit Florida and other parts of the Southeast US during the period.