Sherwin-Williams Co

Latest Results (17.12.2024):

Revenue Growth

In the third quarter of 2024, Sherwin-Williams Co reported a consolidated net sales increase of 0.7%, reaching $6.16 billion. This growth was primarily driven by higher sales in the Paint Stores Group, despite facing challenges such as lower sales in the Consumer Brands and Performance Coatings Groups and unfavorable foreign currency translation.

Earnings Per Share

Sherwin-Williams Co's diluted net income per share for the third quarter of 2024 rose by 7.8% to $3.18, compared to $2.95 in the same quarter of 2023. The adjusted diluted net income per share also saw an increase of 5.3%, reaching $3.37, up from $3.20 in the previous year.

EBITDA Performance

The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the third quarter of 2024 increased by 1.2% to $1.28 billion, representing 20.8% of net sales. This improvement reflects the company's ability to expand its gross margin and manage costs effectively despite a challenging demand environment.

Shareholder Returns

During the third quarter of 2024, Sherwin-Williams Co returned $631 million to its shareholders through dividends and share repurchases. This strong cash generation underscores the company's commitment to delivering value to its shareholders while continuing to invest in long-term growth opportunities.

2024 Outlook

Sherwin-Williams Co reaffirmed its full-year 2024 guidance, projecting diluted net income per share in the range of $10.30 to $10.60, including acquisition-related amortization expense. The adjusted diluted net income per share is expected to be between $11.10 and $11.40, reflecting the company's confidence in its growth and efficiency investments amid a challenging macroeconomic environment.