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Sherwin-Williams' (SHW) Q2 Earnings Top Estimates, Sales Lag
ZACKS· 2024-07-23 14:05
Net sales in the Performance Coatings Group rose roughly 0.6% year over year to around $1,806.4 million in the reported quarter, beating the consensus estimate of $1,793.6 million. Performance Coating's net sales increased primarily due to 1.7% incremental sales from an acquisition, which were slightly offset by a 1% negative currency translation. Sales volumes were varied by region and business. Industrial Wood, Coil and Automotive Refinish in North America aided the performance, which was partly offset by ...
Sherwin-Williams (SHW) Beats Q2 Earnings Estimates
ZACKS· 2024-07-23 13:16
Sherwin-Williams (SHW) came out with quarterly earnings of $3.70 per share, beating the Zacks Consensus Estimate of $3.51 per share. This compares to earnings of $3.29 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary o ...
Sherwin-Williams(SHW) - 2024 Q2 - Quarterly Results
2024-07-23 11:09
| --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------|-------|------------------|-------|-----------------------------------|-----------------|-------------------------------|----------------------| | Paint Stores Group (PSG) \nNet sales | $ | 2024 \n3,619.9 | $ | Three Months \n2023 \n3,498.7 | Ended \n$ \n$ | June 30, \nChange \n121.2 | % Change \n3.5 % | | (1) Same-store sales change | | 2.4% | | 9.5% | | | | | Segment profit | $ | 907.1 | $ | 849.3 | $ | 57.8 ...
The Sherwin-Williams Company Reports 2024 Second Quarter Financial Results
Prnewswire· 2024-07-23 11:00
CEO REMARKS "Led by strong performance in the Paint Stores Group, we continued to execute on our proven strategy across the Company to deliver consolidated sales within our expectations, gross margin expansion, EBITDA growth, and a 12.5% percent increase in adjusted diluted net income per share," said President and Chief Executive Officer, Heidi G. Petz. "We generated strong cash flow and continued to execute our disciplined capital allocation strategy, including returning $1.34 billion to our shareholders ...
What's in Store for Sherwin-Williams (SHW) in Q2 Earnings?
ZACKS· 2024-07-22 12:10
The Sherwin-Williams Company (SHW) is scheduled to release second-quarter 2024 results before the opening bell on Jul 23. The company beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missing once, the average surprise being 8.5%. Image Source: Zacks Investment Research Sherwin-Williams' shares have gained 20.1% in the past year in line with the industry's rise. What Do the Estimates Say? The company is taking restructuring measures focused on the Consumer Brands Group, ...
I Have High Hopes for This Top Dividend Stock to Become a Dividend King Before 2030
The Motley Fool· 2024-07-21 11:30
Sherwin-Williams has a healthy dividend and is a well-rounded company worth considering now. A primer on Sherwin-Williams Earlier this year, Sherwin-Williams announced an 18.2% dividend raise -- marking the 45th consecutive year of increasing its payout. That puts it on track to become a Dividend King by 2029. Dividend Kings are S&P 500 companies that have paid and raised their dividends for at least 50 consecutive years. Sherwin-Williams is a conglomerate whose portfolio extends far beyond its flagship She ...
Sherwin-Williams Q2 Preview: Weakness Might Continue (Rating Downgrade)
Seeking Alpha· 2024-07-19 18:21
2028 2030 2032 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------| | | | | | | | | | | | | | Revenue | 23,282 | 24,901 | 26,632 | 28,484 | 30,464 | 32,582 | 34,847 | 37,270 | 39,861 | 42,633 | | Operating Profits | 3,420 | 3,770 | 4,148 | 4,556 | 4,995 | 5,468 | 5,979 | 6,530 | 7,126 | 7,984 | | Net Profits | 2,446 | 2,772 | 3,118 | 3,508 | 3,949 | 4,442 | 4,996 | 5,615 | 6 ...
Sherwin-Williams Declares Dividend of $0.715 per Common Share
Prnewswire· 2024-07-17 17:06
Investor Relations Contacts: Media Contact: CLEVELAND, July 17, 2024 /PRNewswire/ -- The Board of Directors of The Sherwin-Williams Company (NYSE: SHW) today announced a regular quarterly dividend of $0.715 per common share payable on September 6, 2024, to shareholders of record on August 16, 2024. Eric Swanson Vice President, Investor Relations Sherwin-Williams Direct: 216.566.2766 [email protected] SOURCE The Sherwin-Williams Company Jim Jaye Senior Vice President, Investor Relations & Corporate Communica ...
Sherwin-Williams (SHW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-07-16 15:06
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. For the last reported quarter, it was expected that Sherwin-Williams would post earnings of $2.25 per share when it actually produced earnings of $2.17, delivering a surprise of -3.56%. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which ...
Sherwin-Williams to Announce Second Quarter 2024 Financial Results on July 23, 2024
Prnewswire· 2024-07-01 13:49
CLEVELAND, July 1, 2024 /PRNewswire/ -- The Sherwin-Williams Company (NYSE: SHW) will issue a press release announcing its financial results for the second quarter ended June 30, 2024, prior to market open on Tuesday, July 23, 2024. At that time, a copy of the press release and information regarding SherwinWilliams' financial condition, reportable segment results and other information will be available by clicking on this link Sherwin-Williams Press Releases, then clicking on the reference to the July 23rd ...