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 ...

A month has gone by since the last earnings report for Sherwin-Williams (SHW) . Shares have added about 1.2% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Sherwin-Williams due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Sherwin-Williams' Q1 Earnings and Sales L ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 1-04851 THE SHERWIN-WILLIAMS COMPANY (Exact name of registrant as specified in its charter) | Ohio | 34-0526850 | | --- | --- | | (S ...

Financial Data and Key Metrics Changes - Consolidated sales in Q1 2024 were at the low end of the guided range, driven by lower than anticipated volume, particularly in the Paint Stores Group [7][10] - Gross margin expanded by 270 basis points year-over-year to 47.2%, while EBITDA margin improved by 60 basis points to 16.7% [15] - Adjusted diluted net income per share increased by 6.4%, and the company returned $728 million to shareholders through dividends and share repurchases, a 59% increase year-over-year [15] Business Line Data and Key Metrics Changes - **Paint Stores Group**: Sales increased by 0.5% against a mid-teens comparison, with volume flat and segment margin decreasing to 17.2% due to higher planned growth investments [10][11] - **Consumer Brands Group**: Sales decreased by 7.1%, with lower volume and divestitures partially offset by price increases, particularly in Latin America [22] - **Performance Coatings Group**: Sales were in line with expectations, with adjusted segment margin improving to 17.1%, reflecting disciplined strategy and growth from acquisitions [24] Market Data and Key Metrics Changes - Sales in North America decreased by a high single-digit percentage in the Consumer Brands Group, while sales outside North America increased by a double-digit percentage in Europe [22] - The residential repaint market showed mid-single-digit growth, indicating above-market performance due to increased investments [20] Company Strategy and Development Direction - The company is focused on aggressive growth strategies, including increasing exclusive national contracts and enhancing customer engagement through digital initiatives [17][29] - The company plans to open 80 to 100 new stores in 2024, viewing this as a significant growth opportunity [21][75] - Management emphasized the importance of controlling internal factors to capitalize on market disruptions and improve market share [28][63] Management's Comments on Operating Environment and Future Outlook - Management acknowledged uncertainties in the macroeconomic environment but expressed confidence in improving demand indicators, particularly in the housing market [27][30] - The company expects to see benefits from focused investments throughout the year, with a belief that demand will eventually increase [30][63] Other Important Information - The company maintained a disciplined capital allocation approach, with expectations for raw material costs to remain stable [31][59] - Management highlighted the importance of their differentiated business model and the potential for share gains as market conditions improve [14][63] Q&A Session Summary Question: Impact of Weather on Sales - Management acknowledged weather as a factor but emphasized that execution and delayed activity were also significant contributors to lower sales [34][35] Question: Gross Margin Drivers - Gross margin improvement was primarily due to moderating raw material costs and modest price increases, with higher volumes in the Paint Stores Group contributing positively [43][44] Question: Consumer Brands EBIT Expectations - Sequential margin improvement is expected in the Consumer Brands Group for Q2 and Q3 due to seasonality and improved sales volume [48][49] Question: New Exclusive National Accounts - The 56 new exclusive national account wins are considered material and indicative of the company's ability to service contractors effectively [51] Question: Raw Material Environment - The raw material basket was down mid-single-digit percentage year-over-year, with expectations for continued moderation in costs [54][58] Question: Market Share Gains - The company remains confident in its ability to gain market share, supported by strategic investments and a robust sales approach [61][63] Question: Pricing Strategy - The company implemented a 5% price increase effective February 1, with full realization expected by the end of Q2 [70] Question: Protective & Marine Coatings Outlook - Management expects Protective & Marine coatings to grow faster than architectural sales, despite some project delays [108]

Exhibit 99.1 NEWS | | 101 W. Prospect | Cleveland, Ohio | | (216) 566- | | --- | --- | --- | --- | --- | | The Sherwin-Williams Company | • Avenue | • 44115 | • | 2000 | The Sherwin-Williams Company Reports 2024 First Quarter Financial Results CLEVELAND, April 23, 2024 - The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the first quarter ended March 31, 2024. All comparisons are to the first quarter of the prior year, unless otherwise noted. SUMMARY CEO REMARKS "In what is a seaso ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Commission file number 1-04851 THE SHERWIN-WILLIAMS COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Ohio 34-0526850 101 West Prospect Avenue (Address of principal execu ...

The Sherwin-Williams Company (NYSE:SHW) Q4 2023 Earnings Conference Call January 25, 2024 11:00 AM ET Company Participants Heidi Petz - President and Chief Executive Officer Allen Mistysyn - Senior Vice President of Finance and Chief Financial Officer Jane Cronin - Senior Vice President of Enterprise Finance James Jaye - Senior Vice President of Investor Relations & Corporate Communications Conference Call Participants Vincent Andrews - Morgan Stanley John McNulty - BMO Capital Markets Jeffrey Zekauskas - J ...

Sherwin-Williams Co (NYSE:SHW) Q3 2023 Earnings Conference Call October 24, 2023 11:00 AM ET Company Participants James Jaye - SVP, IR & Corporate Communications Heidi Petz - President, COO & Director John Morikis - Chairman & CEO Allen Mistysyn - SVP, Finance & CFO Conference Call Participants John McNulty - BMO Capital Markets Vincent Andrews - Morgan Stanley Jeffrey Zekauskas - JPMorgan Chase & Co. Gregory Melich - Evercore ISI Stephen Byrne – Bank of America Merrill Lynch Garik Shmois - Loop Capital Mar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) THE SHERWIN-WILLIAMS COMPANY (Exact name of registrant as specified in its charter) | Ohio | 34-0526850 | | --- | --- | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | 101 West Prospect Avenue Cleveland, Ohio 44115-1075 (Address of principal executive offices) (Zip Code) (216) 566-2000 (Registrant's telephone number including area code) ☒ Quarterly Report Pur ...

The Sherwin-Williams Company (NYSE:SHW) Q2 2023 Earnings Conference Call July 25, 2023 11:00 AM ET Company Participants Jim Jaye - Senior Vice President, Investor Relations and Communications John Morikis - Chairman and Chief Executive Officer Heidi Petz - President and Chief Operating Officer Al Mistysyn - Chief Financial Officer Jane Cronin - Senior Vice President, Enterprise Finance Conference Call Participants Greg Melich - Evercore ISI Vincent Andrews - Morgan Stanley John McNulty - BMO Christopher Par ...