Rochester, NY 7/9/2009 9:14:10 AM
After Hours Results - SHW - Tax Abatement Recieved to Sherwin Williams - Sourced WhisperFromWallStreet.com
The Sherwin-Williams Company
After Hours Results - SHW - Tax Abatement Recieved to Sherwin Williams - Sourced WhisperFromWallStreet.com
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SHERWIN WILLIAMS CO,SHW
The Ennis City Commission voted to give Sherwin-Williams almost another year to meet its tax abatement employment requirements on Monday. Sherwin-Williams’ abatement, a 72 percent reduction in its taxes for seven years, was suspended as a part of the concession made by the commission. The commission gave the company until June 1, 2010, to hire 18 new employees for a caulk line that is sitting idle at the plant, and suspended Sherwin-Williams’ tax abatement privileges for two tax cycles. The decision puts the city in a position to profit - the suspension of the abatement could bring in an additional $86,000 in taxes over the two-year waiting period, said City Manager Steve Howerton.
About
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 Paint Stores Group segment sells paint, coatings, and related products to end-use customers. This segment markets and sells Sherwin-Williams branded architectural paints and coatings, industrial and marine products, and original equipment manufacturer product finishes and related items. As of December 31, 2008, it operated 3,346 paint stores in the United States, Canada, Jamaica, Virgin Islands, Trinidad and Tobago, and Puerto Rico. The Consumer Group segment engages in the development, manufacture, and distribution of paints, coatings, and related products to third party customers primarily in the United States and Canada, as well as to the Paint Stores Group.
Last Trade: 52.08
Day's Range: 51.55 - 52.47
52wk Range: 42.19 - 65.00
Volume: 921,284
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