earnings
confidence high
sentiment negative
materiality 0.75
Sherwin-Williams Q1 adj EPS $1.61 down 21.8% YoY; revenue +7.4% to $5.0B; reaffirms FY guidance
SHERWIN WILLIAMS CO
2022-Q1 EPS reported
$1.41
revenue$4,998,700,000
- Net sales $5.00B (+7.4%); diluted EPS $1.41 vs $1.51; adjusted EPS $1.61 vs $2.06.
- Americas Group sales +5.6% (same-store +3.8%); segment profit -7.2% to $445M on raw material costs.
- Consumer Brands Group sales -10.1% to $699M; segment profit -54.8% to $65M due to Wattyl divestiture and supply chain costs.
- Performance Coatings Group sales +20.4% to $1.65B; segment profit +0.5% to $145M.
- FY22 adjusted EPS guidance reaffirmed at $9.25-$9.65; Q2 net sales expected up low-double-digit to mid-teens.