Sherwin-Williams Q2 EPS beats; raises full-year guidance

SHERWIN WILLIAMS CO

2023-Q2 EPS reported $4.90 revenue$11,683,000,000

Q2 net sales rose 6.3% to record $6.24B; diluted EPS $3.07 (+38.9% YoY); adjusted diluted EPS $3.29 (+36.5%).
Paint Stores Group same-store sales up 9.5%; segment margin expanded to 24.3% from 21.5%.
EBITDA increased 31.4% to $1.28B, or 20.6% of sales; operating cash flow $1.29B in H1, up 102%.
FY2023 diluted EPS guidance raised to $8.46-$8.86 (from $6.79-$7.59); adjusted EPS guidance $9.30-$9.70 (from $7.95-$8.65).
Returned $849M to shareholders via dividends and share repurchases YTD; remaining authorization for 42.9M shares.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SHERWIN WILLIAMS CO reported the second quarter ended June 30, 2023 results: revenue record $6.24 billion, EPS $3.07 per share. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: record $6.24 billion
EPS: $3.07 per share
Guidance: raised
Result: reported results

Exact text from the filing

June 30, 2023. All comparisons are to the second quarter of the prior year, unless otherwise noted. SUMMARY • Consolidated net sales increased 6.3% in the quarter to a record $6.24 billion ◦ Net sales from stores in U.S. and Canada open more than twelve calendar months increased 9.5% in the quarter • Diluted net income per share increased 38.9% to $3.07 per share

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accession 0000089800-23-000023

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