Sherwin-Williams Q2 adjusted EPS $2.41 vs $2.65 prior year; cuts FY22 adjusted EPS guidance to $8.50-$8.80

SHERWIN WILLIAMS CO

2022-Q2 EPS reported $3.61 revenue$10,871,000,000

Consolidated net sales up 9.2% to $5.87B; same-store sales in Americas Group up 6.4%.
Diluted EPS $2.21 (incl. $0.20 acquisition amort.); adjusted diluted EPS $2.41 vs $2.65 year ago.
Consumer Brands Group segment profit fell 48.3% to $63.5M; PCG segment profit rose 35.9%.
Lowering FY22 adjusted diluted EPS guidance to $8.50-$8.80 from prior range (not stated).
Company implementing 10% price increase in Americas Group effective Sept 6; bought 2.55M shares YTD.

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