Sherwin-Williams Guides FY24 Adj. EPS In Line With Estimates - Update

(RTTNews) - While reporting financial results for the second quarter on Tuesday, paint and coating manufacturer Sherwin-Williams Co. (SHW) initiated its earnings, adjusted earnings and sales growth guidance for the full-year 2024. The company also provided sales growth guidance for the first quarter.

For fiscal 2024, the company now projects earnings in a range of $10.05 to $10.55 per share and adjusted earnings in a range of $10.85 to $11.35 per share on net sales growth in mid-single digit percentage.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $11.33 per share on net sales growth of 2.4 percent to $23.57 billion for the year. Analysts' estimates typically exclude special items.

For the first quarter, the company anticipates consolidated net sales to be up or down in low-single digits from last year, while analysts are looking for a decline of 0.2 percent to $5.43 billion.

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