Sherwin-Williams Co (SHW) recently reported a decrease in fourth quarter profits compared to the same time the previous year, but still managed to outperform market estimates. The firm's net income was $356.2 million, equivalent to $1.39 per share. This is a decrease from the $386.3 million, or $1.48 per share, earned in the fourth quarter of the previous year.
Upon excluding special items, Sherwin-Williams Co. reported adjusted earnings of $1.81 per share for the duration. The average market expectation was slightly lower, with analysts predicting earnings of $1.80 per share, typically excluding special items.
The company’s quarterly revenue experienced a marginal increase of 0.4%, rising to $5.25 billion from $5.23 billion last year.
In summary, Sherwin-Williams Co's earnings at a glance (GAAP) for the fourth quarter are as follows:
- Earnings were $356.2 million, a decrease from $386.3 million the previous year.
- Earnings per share (EPS) were $1.39, down from $1.48 the previous year.
- Analyst Estimates averaged at $1.80.
- Revenue was $5.25 billion, a slight increase from $5.23 billion last year.
