Sherwin-Williams FY23 record sales $23.05B, adj EPS up 18.6%; guides FY24 adj EPS $10.85-$11.35

SHERWIN WILLIAMS CO

2023-FY EPS reported $9.25 revenue$23,051,900,000

Full year 2023 net sales $23.05B (+4.1%); diluted EPS $9.25 (adjusted $10.35, +18.6% YoY).
Q4 net sales $5.252B (+0.4%); diluted EPS $1.39 (adjusted $1.81, -4.2% YoY).
Paint Stores Group same-store sales +2.1% in Q4; segment margin expanded to 19.3% from 17.2%.
FY23 net operating cash $3.52B; returned $2.06B to shareholders via dividends and buybacks.
FY24 guidance: adjusted diluted EPS $10.85-$11.35; low to mid-single-digit sales growth; 5% price increase in PSG effective Feb 1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SHERWIN WILLIAMS CO reported the fourth quarter and year ended December 31, 2023 results: revenue $5,252.2, net income $474.0, EPS $1.39. Guidance reaffirmed.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $5,252.2
Net income: $474.0
EPS: $1.39
Guidance: reaffirmed
Result: reported results

Exact text from the filing

recent acquisitions and delivered strong adjusted segment margin.” FOURTH QUARTER CONSOLIDATED RESULTS Three Months Ended December 31, 2023 2022 $ Change % Change Net sales $ 5,252.2 $ 5,230.5 $ 21.7 0.4 % Income before income taxes $ 474.0 $ 494.9 $ (20.9) (4.2) % As a % of net sales 9.0% 9.5% Net income per share - diluted $ 1.39 $ 1.48 $ (0.09) (6.1) %

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Source: SEC EDGAR

accession 0000089800-24-000011

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