Sherwin-Williams Q1 adjusted EPS $2.17 beats $2.04 YoY; reaffirms FY2024 guidance

SHERWIN WILLIAMS CO

2024-Q1 EPS reported $1.97 revenue$5,367,300,000

Consolidated net sales down 1.4% to $5.37B; diluted EPS rose 7.1% to $1.97, adjusted EPS up 6.4% to $2.17.
Paint Stores Group net sales up 0.5% (same-store sales -0.1%); segment profit down 6.4% due to investments.
Consumer Brands Group sales down 7.1%, segment profit up 63.5% on raw material costs and higher absorption.
Performance Coatings Group sales down 1.6%, segment profit up 8.6% (adjusted +6.7%).
Reaffirmed FY2024 adjusted EPS $10.85-$11.35; Q2 net sales flat to up low-single digit.

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 first quarter ended March 31, 2024 results: revenue $5.37 billion, EPS $1.97 per share. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $5.37 billion
EPS: $1.97 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

ended March 31, 2024. All comparisons are to the first quarter of the prior year, unless otherwise noted. SUMMARY • Consolidated net sales decreased 1.4% in the quarter to $5.37 billion ◦ Net sales from stores in the Paint Stores Group open more than twelve calendar months were approximately flat in the quarter • Diluted net income per share increased 7.1% to

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accession 0000089800-24-000084

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