Sherwin-Williams beats estimates but guides below consensus
Sherwin-Williams reported first quarter earnings and revenue that surpassed analyst expectations, with adjusted EPS of $2.35 and revenue of $5.67 billion. Despite the strong quarterly performance, the company's full-year adjusted EPS guidance midpoint of $11.70 fell slightly below consensus estimates. Shares rose 2.8% after the report, as the company highlighted growth across all segments despite ongoing market challenges.
Opening excerpt (first ~120 words) tap to expand
Investing.com -- Sherwin-Williams Company (NYSE:SHW) on Tuesday reported first quarter results that exceeded analyst expectations, though its full-year guidance fell short of Wall Street forecasts, sending shares up 2.8% following the announcement. The paint and coatings manufacturer posted adjusted earnings per share of $2.35, beating the analyst estimate of $2.27 by $0.08. Revenue reached $5.67 billion, surpassing the consensus estimate of $5.56 billion and representing a 6.8% increase from $5.31 billion in the prior-year quarter. The company reaffirmed its full-year adjusted EPS guidance of $11.50 to $11.90, with a midpoint of $11.70 that sits below the analyst consensus of $11.72.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Investing.com.
Discussion
0 commentsMore from Investing.com
