2023-04-25 07:03:57 ET
- Sherwin Williams press release ( NYSE: SHW ): Q1 Non-GAAP EPS of $2.04 beats by $0.25 .
- Revenue of $5.44B (+8.8% Y/Y) beats by $300M .
- Earnings Before Interest, Taxes, Depreciation and Amortization increased 26.7% to $878.2 million in the quarter
- Reaffirming full year 2023 diluted net income per share guidance in the range of $6.79 to $7.59 per share, including acquisition-related amortization expense of $0.81 per share and restructuring expense of $0.25 to $0.35 per share
- Reaffirming full year 2023 adjusted diluted net income per share guidance in the range of $7.95 to $8.65 per share vs. consensus of $8.47.
- "Against this backdrop, we expect 2023 second quarter consolidated net sales growth to be up or down a low-single digit percentage compared to the second quarter of 2022. For the full year 2023, we continue to expect consolidated net sales to be down a mid-single digit percentage to flat compared to full year 2022.
For further details see:
Sherwin Williams beats Q1 top and bottom line estimates; initiates Q2 and reffirms FY23 outlook