Sherwin-Williams sees Q2 net sales up or down low-single digit %

CEO John Morikis, said, "Against this backdrop, we expect 2023 Q2 consolidated net sales growth to be up or down a low-single digit percentage compared to the Q2 of 2022. For the FY23, we continue to expect consolidated net sales to be down a mid-single digit percentage to flat compared to full year 2022. Our full year 2023 diluted net income per share guidance remains unchanged at $6.79-$7.59 per share, including acquisition-related amortization expense of 81c per share and restructuring expense of 25c-35c per share, compared to $7.72 per share in 2022. FY23 adjusted diluted net income per share is expected to be in the range of $7.95-$8.65 per share compared to $8.73 per share in 2022."