23.04.2024 13:04:12 - dpa-AFX: Sherwin-Williams Co Q1 Profit Increases, but misses estimates

WASHINGTON (dpa-AFX) - Sherwin-Williams Co (SHW) announced earnings for its
first quarter that increased from last year but missed the Street estimates.

The company's earnings totaled $505.2 million, or $1.97 per share. This
compares with $477.2 million, or $1.84 per share, in last year's first quarter.

Excluding items, Sherwin-Williams Co reported adjusted earnings of $2.17 per
share for the period.

Analysts on average had expected the company to earn $2.21 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 1.3% to $5.37 billion from $5.44
billion last year.

Sherwin-Williams Co earnings at a glance (GAAP) :

-Earnings (Q1): $505.2 Mln. vs. $477.2 Mln. last year.
-EPS (Q1): $1.97 vs. $1.84 last year.
-Revenue (Q1): $5.37 Bln vs. $5.44 Bln last year.

-Guidance:
Full year EPS guidance: $10.85 - $11.35


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
SHERWIN-WILLIAMS DL 1 856050 Frankfurt 282,000 03.06.24 08:11:05 +4,250 +1,53% 0,000 0,000 282,000 282,000

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