earnings
confidence high
sentiment positive
materiality 0.85
Sherwin-Williams Q3 record sales $6.05B (+17.5%), adj EPS $2.83 (+35.4%), reaffirms FY guidance
SHERWIN WILLIAMS CO
2022-Q3 EPS reported
$6.23
revenue$16,918,400,000
- Record Q3 net sales of $6.05B, up 17.5% YoY; same-store sales in Americas Group up 20.7%.
- GAAP diluted EPS $2.62; adjusted diluted EPS $2.83, up 35.4% vs $2.09 last year.
- Reaffirmed FY22 adjusted EPS guidance $8.50-$8.80; Q4 sales expected high-single to low-double digit % growth.
- Generated $1.28B operating cash YTD; returned $1.21B to shareholders via dividends and buybacks in Q3.
- Plans cost reduction actions in Consumer Brands Group, PCG, and Administrative segments due to uncertain demand.