Sherwin-Williams said consolidated net sales for Q1 2024 were $5,367.3 million, down 1.4% from $5,442.4 million a year earlier. The company cited lower sales volumes in the Consumer Brands Group and in the North American Performance Coatings Group as factors.

1. 01

   Sherwin-Williams said consolidated net sales for Q1 2024 were $5,367.3 million, down 1.4% from $5,442.4 million a year earlier. The company cited lower sales volumes in the Consumer Brands Group and in the North American Performance Coatings Group as factors.

2. 02

   The Sherwin-Williams Company said diluted net income per share for Q1 was $1.97, up 7.1% from $1.84 a year earlier, and adjusted diluted net income per share was $2.17, up 6.4% from $2.04. It said both Q1 periods included an acquisition-related amortization expense of $0.20 per share.

3. 03

   The company said it used $58.9 million of net operating cash in Q1 2024, which it funded through an increase in short-term borrowings. It said it returned $728.0 million to shareholders in the same quarter through dividends and repurchases of 1.7 million shares.

4. 04

   The company reaffirmed its full-year 2024 diluted net income per share outlook of $10.05 to $10.55, which includes acquisition-related amortization expense of $0.80 per share. It also maintained its adjusted diluted net income per share outlook of $10.85 to $11.35.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.