Reports Q1 revenue $5.31B, consensus $5.41B. “In a demand environment that remained choppy as we anticipated, Sherwin-Williams (SHW) continued to execute our strategy and delivered solid first quarter results driven by gross margin expansion and good cost control,” said Chair, President and CEO, Heidi G. Petz. “Consolidated sales were within our guidance range, led by Paint Stores Group, and we delivered mid-single digit percentage growth in both adjusted diluted net income per share and adjusted EBITDA. We continued to execute our consistent capital allocation strategy and invested $351.7M in share repurchases and increased our dividend by 10.5% in the quarter.
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Read More on SHW:
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- Sherwin-Williams: Resilience and Growth Potential Amidst Challenges
- Sherwin-Williams Approves New Compensation Plan and Amendments
- Sherwin-Williams price target lowered to $410 from $415 at RBC Capital
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