Sherwin-Williams Co., a manufacturer of paint and coatings, announced its second-quarter financial results on Tuesday. The company presented its earnings, adjusted earnings, and sales growth outlook for the entire 2024 fiscal year, as well as its sales growth forecast for the first quarter.
For 2024, Sherwin-Williams anticipates earnings to fall between $10.05 and $10.55 per share, with adjusted earnings ranging from $10.85 to $11.35 per share. Moreover, the company forecasts a mid-single digit percentage increase in net sales.
Analysts surveyed by Thomson Reuters, on average, predict that the company will report earnings of $11.33 per share on a net sales increase of 2.4 percent, resulting in a total of $23.57 billion for the year. However, these projections usually exclude any extraordinary items.
For the upcoming first quarter, Sherwin-Williams predicts that consolidated net sales might increase or decrease by a low-single digit percentage compared to the previous year. Nonetheless, analysts are expecting a slight decline of 0.2 percent to $5.43 billion.
