earnings
confidence high
sentiment positive
materiality 0.75
Sherwin-Williams Q2 adjusted EPS $3.70, up 12.5%; raises full-year guidance
SHERWIN WILLIAMS CO
2024-Q2 EPS reported
$5.47
revenue$11,638,800,000
- Consolidated net sales $6.27B (+0.5% YoY); diluted EPS $3.50 (+14%), adj. EPS $3.70 (+12.5%), EBITDA $1.44B (+12.1%).
- Paint Stores Group sales +3.5%, same-store +2.4%; Consumer Brands sales -10.7% on weak North America DIY demand.
- Performance Coatings Group +0.6% led by Industrial Wood and Coil; all segments showed sequential and YoY margin improvement.
- Full year 2024 adj. EPS guidance raised to $11.10-$11.40 (vs. $10.35 in 2023); diluted EPS $10.30-$10.60.
- Generated $1.14B operating cash in H1; returned $1.34B to shareholders via dividends and share repurchases.