Reports Q1 revenue $5.44, consensus $5.13B. "We delivered strong results in the Q1, with higher than expected consolidated net sales, sequential and year-over-year expansion in gross margin, and double-digit percentage growth in diluted net income per share and EBITDA," said Chairman and CEO, John G. Morikis. "Segment margin expanded sequentially and year-over-year in all three of our reportable segments. We also continued to invest in growth initiatives across the business during the quarter while returning cash to our shareholders through an increase in our quarterly dividend and an investment of $301.7M to repurchase 1.3M shares."
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on SHW:
- The Sherwin-Williams Company Reports 2023 First Quarter Financial Results
- Sherwin-Williams Declares Dividend of $0.605 per Common Share
- Sherwin-Williams price target raised to $263 from $255 at Mizuho
- Sherwin-Williams to divest China paint business to Akzo Nobel N.V.
- Sherwin-Williams named short-term buy idea at Deutsche Bank