Sherwin-Williams reports Q3 adjusted EPS $3.20, consensus $2.77

Reports Q3 revenue $6.12B, consensus $6.02B. “Sherwin-Williams delivered strong Q3 results in an environment where demand remained highly variable by end market and region, and against a challenging prior year comparison,” said CEO John Morikis. “Consolidated net sales were within our guidance range, and consolidated gross margin of 47.7% expanded significantly both sequentially and year-over-year driven by pricing discipline and moderating raw material costs…While we executed on these initiatives, we continued to create shareholder value as adjusted diluted net income per share and EBITDA grew by double digit percentages, and we returned $566M to our shareholders through dividends and share repurchases during the quarter..”