secwatch.observer — SEC 8-K summary
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Issuer:     SHERWIN WILLIAMS CO (SHW)
CIK:        0000089800
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000089800-24-000084
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/89800/000008980024000084/0000089800-24-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/89800/000008980024000084/shw-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000089800-24-000084

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