Sherwin-Williams Q1 net sales up 8.9% to $5.44B; diluted EPS rises 30.5% to $1.84

SHERWIN WILLIAMS CO

2023-Q1 EPS reported $1.84 revenue$5,442,400,000

Consolidated net sales $5.44B, up 8.9% YoY; Paint Stores Group same-store sales +14.2%.
GAAP diluted EPS $1.84 (+30.5%); adjusted diluted EPS $2.04 (+26.7%).
EBITDA $878.2M (+26.7%); all three segments expanded margins YoY and sequentially.
FY2023 adjusted EPS guidance reaffirmed at $7.95-$8.65; Q2 net sales expected up or down low-single digit %.
Performance Coatings Group sales +3.4% ($1.71B); segment profit +51.5% to $218.9M.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SHERWIN WILLIAMS CO reported the first quarter ended March 31, 2023 results: revenue $5.44 billion, EPS $1.84 per share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $5.44 billion
EPS: $1.84 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

SUMMARY • Consolidated net sales increased 8.9% in the quarter to $5.44 billion ◦ Net sales from stores in U.S. and Canada open more than twelve calendar months increased 14.2% in the quarter • Diluted net income per share increased 30.5% to $1.84 per share in the quarter compared to $1.41 per share in the first quarter 2022

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accession 0000089800-23-000012

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