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Sherwin-Williams Q3: Earnings Beat, 1.1% Sales Growth, Raised FY23 Earnings Guidance & More

Grand News Network | October 24, 2023

Sherwin-Williams Company (NYSE: SHW) reported third-quarter FY23 sales growth of 1.1% year-on-year to $6.117 billion, beating the analyst consensus estimate of $6.02 billion.

The increase in sales was driven by selling price increases, which impacted sales by a low-single-digit percentage.

Net sales from stores in the U.S. and Canada open more than twelve calendar months increased 3% in the quarter.

Adjusted EPS of $3.20 beat the consensus estimate of $2.77.

Gross profit margin expanded 490 basis ...

Full story available on Benzinga.com


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