2023-07-25 07:03:48 ET
- Sherwin Williams press release ( NYSE: SHW ): Q2 Non-GAAP EPS of $3.29 beats by $0.60 .
- Revenue of $6.24B (+6.3% Y/Y) beats by $210M .
- EBITDA increased 31.4% to $1.28 billion in the quarter and was 20.6% of net sales.
- Outlook: Increasing full year 2023 diluted net income per share guidance to a range of $8.46 to $8.86 per share, including acquisition-related amortization expense of $0.81 per share and restructuring expense of $0.03 per share.
- Increasing full year 2023 adjusted diluted net income per share guidance to a range of $9.30 to $9.70 per share vs. consensus of $8.79.
- Third Quarter outlook: Net sales up or down low-single digit %.
For further details see:
Sherwin Williams beats Q2 top and bottom line estimates; raises FY23 and initiates Q3 outlook