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Sherwin-Williams reports Q4 adjusted EPS $1.89, consensus $1.86
The Fly

Sherwin-Williams reports Q4 adjusted EPS $1.89, consensus $1.86

Reports Q4 revenue $5.23B, consensus $5.26B. "Sherwin-Williams delivered strong Q4 results compared to the same period a year ago, including high single-digit percentage sales growth, significant year-over-year gross margin improvement, expanded adjusted operating margins in all three segments, strong double-digit adjusted diluted net income per share growth and strong EBITDA growth," said CEO John Morikis. "Our strong Q4 performance led to record full year sales, which increased 11.1% to $22.1B. Full year adjusted diluted net income per share also increased to a record level. Additionally, we generated strong net operating cash in the year, which enabled us to invest $883M in share repurchases, pay $619M in dividends and deploy $1B to complete five acquisitions that will add to our solutions and capabilities. Our more than 61,000 employees delivered these results in another year of difficult operating conditions, including relentless cost inflation, less than optimal raw material availability, slowing economies, a war in Europe and COVID lockdowns in China. We refused to be deterred by these challenges and continued to do what we do best – serve our customers."

Published first on TheFly

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