Sherwin-Williams said diluted earnings per share rose 14.0% to $3.50 in Q2 2024, from $3.07 in Q2, and EBITDA increased 12.1% to $1.438 billion, or 22.9% of net sales.

1. 01

   Sherwin-Williams said diluted earnings per share rose 14.0% to $3.50 in Q2 2024, from $3.07 in Q2, and EBITDA increased 12.1% to $1.438 billion, or 22.9% of net sales.

2. 02

   The company said consolidated net sales rose 0.5% in Q2. Net sales increased 3.5% at the Paint Stores Group, decreased 10.7% at the Consumer Brands Group and increased 0.6% at the Performance Coatings Group.

3. 03

   The company said consolidated gross profit increased $191.1 million in Q2 and gross margin rose from 46.0% to 48.8%. It cited moderating raw material costs and higher net sales as the drivers.

4. 04

   The company said net operating cash for the first six months of 2024 was $1.144 billion, and it returned $1.341 billion to shareholders through dividends and share repurchases. Cash and cash equivalents were $200.0 million as of June 30, 2024, and total debt was $10.339 billion.

Key figures

Quarter ended June 30, 2024

Revenue

$6.3B

Operating income

$1.4B

Net income

$890M

EPS

$3.50

Gross profit

$3.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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