Sherwin-Williams Co

SHW

Equity

ISIN US8243481061 / Valor 970105

New York Stock Exchange, Inc (2024-10-24)

USD 361.59-0.31%

Sherwin-Williams Co
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About company

Sherwin-Williams Co is a global company that supplies a wide range of branded and private-label products for the construction, industrial, packaging, and transportation markets. The company's products are sold through various channels, including company-operated stores, mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors across North America, Europe, China, Australia, and New Zealand. With a presence in over 120 countries, Sherwin-Williams Co is known for its highly engineered solutions and industry-recognized portfolio of products.

Summarized from source with an LLMView SourceSector: Industrials

Net Sales Growth

Sherwin-Williams Co reported a 0.5% increase in consolidated net sales for the second quarter of 2024, reaching $6.27 billion. This growth was primarily driven by higher sales volumes in the Paint Stores and Performance Coatings Groups, despite a decline in the Consumer Brands Group.

Income and Profit

The company saw a significant rise in income before income taxes, which increased by 15.9% to $1.17 billion in Q2 2024. This improvement was largely due to benefits from moderating raw material costs and higher net sales, partially offset by continued investments in long-term growth strategies.

Earnings Per Share

Sherwin-Williams Co's diluted net income per share increased by 14.0% to $3.50 in the second quarter of 2024, compared to $3.07 in the same period of 2023. Adjusted diluted net income per share also saw a rise, reaching $3.70, up 12.5% from $3.29 in the previous year.

Segment Performance

The Paint Stores Group (PSG) reported a 3.5% increase in net sales to $3.62 billion, driven by low-single digit sales volume growth and higher selling prices. Segment profit for PSG rose by 6.8% to $907.1 million, benefiting from higher net sales and moderating raw material costs.

Cash Flow and Shareholder Returns

In the first six months of 2024, Sherwin-Williams Co generated $1.14 billion in net operating cash. The company returned $1.34 billion to shareholders through dividends and share repurchases, demonstrating a strong commitment to shareholder value.

Summarized from source with an LLMView Source

Key figures

53.9%1Y

17.9%3Y

89.0%5Y

Performance

21.3%1Y

27.8%3Y

30.0%5Y

Volatility