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Sherwin-Williams' Q2 Adjusted Net Income, Net Sales Rise
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Sherwin-Williams' Q2 Adjusted Net Income, Net Sales Rise
Jul 23, 2024 4:59 AM

07:40 AM EDT, 07/23/2024 (MT Newswires) -- Sherwin-Williams Company ( SHW ) reported Q2 adjusted net income Tuesday of $3.70 per diluted share, up from $3.29 a year earlier.

Analysts polled by Capital IQ expected $3.49.

Net sales for the quarter ended June 30 were $6.27 billion, compared with $6.24 billion a year earlier.

Analysts surveyed by Capital IQ expected $6.33 billion.

The company raised its full-year 2024 adjusted earnings guidance to a range of $11.10 to $11.40 per diluted share, from $10.85 to $11.35 previously. Analysts polled by Capital IQ expect $11.36.

For Q3, the company expects net sales to grow by low single digit.

The company's shares were up more than 5% during recent premarket activity Tuesday.

Price: 339.36, Change: +17.01, Percent Change: +5.28

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