Complete financial analysis of The Sherwin-Williams Company (SHW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Sherwin-Williams Company, a leading company in the Chemicals – Specialty industry within the Basic Materials sector.
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The Sherwin-Williams Company (SHW)
About The Sherwin-Williams Company
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners. The Consumer Brands Group segment supplies a portfolio of branded and private-label architectural paints, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks, and adhesives to retailers and distributors. The Performance Coatings Group segment develops and sells industrial coatings for wood finishing and general industrial applications, automotive refinish products, protective and marine coatings, coil coatings, packaging coatings, and performance-based resins and colorants. It serves retailers, dealers, jobbers, licensees, and other third-party distributors through its branches and direct sales staff, as well as through outside sales representatives. The company has operations primarily in the North and South America, the Caribbean, Europe, Asia, and Australia. As of February 17, 2022, it operated approximately 5,000 company-operated stores and facilities. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.05B | 22.15B | 19.94B | 18.36B | 17.90B | 17.53B | 14.98B | 11.86B | 11.34B | 11.13B | 10.19B | 9.53B | 8.77B | 7.78B | 7.09B | 7.98B | 8.01B | 7.81B | 7.19B | 6.11B | 5.41B | 5.18B | 5.07B | 5.21B | 5.00B | 4.93B | 4.88B | 4.13B | 3.27B | 3.10B | 2.95B | 2.75B | 2.54B | 2.27B | 2.12B | 1.95B | 1.79B | 1.55B | 2.19B |
| Cost of Revenue | 12.29B | 12.82B | 11.40B | 9.68B | 9.86B | 10.12B | 8.20B | 5.93B | 5.78B | 5.97B | 5.57B | 5.31B | 5.02B | 4.30B | 3.83B | 4.48B | 4.41B | 4.40B | 4.11B | 3.41B | 2.95B | 2.85B | 2.85B | 2.74B | 2.60B | 2.66B | 2.65B | 2.30B | 1.80B | 1.71B | 1.64B | 1.52B | 1.45B | 1.29B | 1.23B | 1.15B | 1.03B | 892.30M | 1.38B |
| Gross Profit | 10.76B | 9.33B | 8.54B | 8.68B | 8.04B | 7.42B | 6.78B | 5.92B | 5.56B | 5.16B | 4.62B | 4.22B | 3.74B | 3.48B | 3.26B | 3.50B | 3.60B | 3.41B | 3.08B | 2.70B | 2.46B | 2.34B | 2.22B | 2.47B | 2.40B | 2.28B | 2.24B | 1.83B | 1.47B | 1.39B | 1.31B | 1.22B | 1.09B | 973.30M | 890.30M | 800.50M | 764.50M | 660.60M | 819.60M |
| Gross Profit Ratio | 46.67% | 42.10% | 42.83% | 47.29% | 44.89% | 42.31% | 45.26% | 49.95% | 49.03% | 46.40% | 45.32% | 44.28% | 42.72% | 44.76% | 46.00% | 43.85% | 44.95% | 43.72% | 42.84% | 44.19% | 45.40% | 45.10% | 43.81% | 47.35% | 48.05% | 46.16% | 45.81% | 44.31% | 45.04% | 44.77% | 44.33% | 44.57% | 42.85% | 42.94% | 41.93% | 41.04% | 42.65% | 42.54% | 37.34% |
| Research & Development | 196.60M | 119.30M | 115.90M | 97.10M | 103.10M | 51.92M | 58.47M | 58.04M | 57.67M | 50.02M | 47.04M | 44.65M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 6.65B | 5.99B | 5.67B | 5.51B | 5.31B | 4.68B | 4.41B | 3.81B | 3.58B | 3.52B | 3.21B | 2.95B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 420.70M | 24.90M | -101.80M | -27.70M | -39.10M | 357.80M | 374.10M | 351.00M | 338.19M | 299.20M | 262.49M | 247.47M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 7.07B | 6.01B | 5.57B | 5.48B | 5.27B | 5.03B | 4.79B | 4.16B | 3.91B | 3.82B | 3.47B | 3.20B | 2.96B | 2.73B | 2.57B | 2.64B | 2.60B | 2.51B | 2.33B | 2.07B | 1.88B | 1.78B | 1.73B | 1.74B | 1.67B | 1.60B | 1.57B | 1.31B | 1.08B | 1.02B | 981.30M | 914.70M | 825.90M | 745.70M | 685.60M | 628.60M | 585.50M | 493.70M | 652.90M |
| Other Expenses | 0.00 | 317.10M | 309.50M | 313.40M | 312.80M | -209.24M | -3.89M | -7.78M | -36.35M | -22.08M | -3.46M | 4.69M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 7.07B | 6.33B | 5.88B | 5.79B | 5.59B | 5.35B | 4.99B | 4.16B | 3.91B | 3.82B | 3.47B | 3.20B | 2.96B | 2.73B | 2.63B | 2.64B | 2.60B | 2.51B | 2.33B | 2.07B | 1.88B | 1.78B | 1.73B | 1.90B | 1.83B | 1.75B | 1.71B | 1.41B | 1.15B | 1.08B | 1.04B | 981.00M | 873.80M | 790.20M | 727.60M | 665.50M | 614.40M | 518.30M | 679.20M |
| Cost & Expenses | 19.53B | 19.16B | 17.28B | 15.47B | 15.45B | 15.47B | 13.19B | 10.09B | 9.69B | 9.79B | 9.04B | 8.51B | 7.98B | 7.03B | 6.46B | 7.12B | 7.00B | 6.91B | 6.44B | 5.48B | 4.83B | 4.63B | 4.58B | 4.64B | 4.43B | 4.40B | 4.36B | 3.71B | 2.95B | 2.79B | 2.68B | 2.50B | 2.33B | 2.08B | 1.96B | 1.82B | 1.64B | 1.41B | 2.05B |
| Interest Income | 25.20M | 8.00M | 4.90M | 3.60M | 25.90M | 5.29M | 8.57M | 4.96M | 1.40M | 3.00M | 3.24M | 2.91M | 3.71M | 2.93M | 2.39M | 3.93M | 14.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 417.50M | 390.80M | 334.70M | 336.80M | 349.30M | 366.73M | 263.47M | 154.09M | 61.79M | 64.21M | 62.71M | 42.79M | 42.50M | 70.60M | 40.03M | 65.68M | 71.63M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 622.50M | 998.00M | 973.30M | 999.80M | 968.70M | 772.58M | 507.20M | 197.71M | 198.56M | 198.95M | 187.79M | 179.20M | 180.90M | 175.31M | 170.90M | 165.51M | 163.48M | 145.92M | 152.24M | 137.28M | 116.56M | 115.65M | 148.10M | 160.03M | 155.80M | 147.90M | 139.20M | 103.60M | 77.90M | 60.50M | 55.10M | 66.30M | 47.90M | 44.50M | 42.00M | 36.90M | 28.90M | 24.60M | 26.30M |
| EBITDA | 4.16B | 3.97B | 3.57B | 3.87B | 3.31B | 2.51B | 2.25B | 1.88B | 1.82B | 1.48B | 1.34B | 1.13B | 964.95M | 923.69M | 833.75M | 945.67M | 1.15B | 1.07B | 959.32M | 787.62M | 708.83M | 691.18M | 652.66M | 1.09B | 760.40M | 699.10M | 677.50M | 540.90M | 399.50M | 376.60M | 326.40M | 319.20M | 267.30M | 212.50M | 184.10M | 129.70M | 156.00M | 122.80M | 163.30M |
| EBITDA Ratio | 18.07% | 14.88% | 14.50% | 17.27% | 15.26% | 12.44% | 13.35% | 14.85% | 14.21% | 11.88% | 11.28% | 10.85% | 8.98% | 9.67% | 9.18% | 9.78% | 14.92% | 13.73% | 13.34% | 12.88% | 13.11% | 13.33% | 12.88% | 20.99% | 15.20% | 14.17% | 13.88% | 13.09% | 12.20% | 12.15% | 11.07% | 11.62% | 10.52% | 9.37% | 8.67% | 6.65% | 8.70% | 7.91% | 7.44% |
| Operating Income | 3.52B | 2.98B | 2.58B | 2.86B | 2.42B | 1.86B | 1.79B | 1.56B | 1.41B | 1.12B | 960.88M | 854.98M | 606.56M | 576.77M | 480.20M | 614.65M | 1.03B | 926.56M | 807.08M | 650.34M | 592.26M | 575.53M | 504.56M | 934.04M | 604.60M | 551.20M | 538.30M | 437.30M | 321.60M | 316.10M | 271.30M | 252.90M | 219.40M | 168.00M | 142.10M | 92.80M | 127.10M | 98.20M | 137.00M |
| Operating Income Ratio | 15.26% | 13.45% | 12.95% | 15.57% | 13.51% | 10.62% | 11.97% | 13.18% | 12.45% | 10.09% | 9.43% | 8.97% | 6.92% | 7.42% | 6.77% | 7.70% | 12.88% | 11.86% | 11.22% | 10.64% | 10.95% | 11.10% | 9.96% | 17.92% | 12.08% | 11.17% | 11.03% | 10.58% | 9.82% | 10.20% | 9.20% | 9.20% | 8.63% | 7.41% | 6.69% | 4.76% | 7.09% | 6.32% | 6.24% |
| Total Other Income/Expenses | -407.30M | -297.10M | -291.80M | -335.00M | -443.60M | -530.70M | -229.70M | -117.43M | -65.67M | -47.25M | -15.89M | -32.53M | -33.10M | -68.08M | -71.96M | -121.43M | -71.33M | -67.40M | -97.93M | -52.28M | -50.71M | -56.90M | -65.33M | -423.84M | -84.90M | -91.50M | -95.90M | -43.20M | -2.80M | -10.40M | -6.70M | -17.70M | -16.40M | 19.30M | 28.10M | 70.30M | 34.60M | 75.90M | -11.80M |
| Income Before Tax | 3.11B | 2.57B | 2.25B | 2.52B | 1.98B | 1.36B | 1.53B | 1.60B | 1.55B | 1.26B | 1.09B | 987.31M | 741.55M | 677.78M | 622.82M | 714.48M | 912.94M | 834.31M | 656.22M | 580.20M | 522.93M | 497.16M | 424.45M | 143.41M | 490.20M | 440.10M | 427.30M | 375.40M | 318.50M | 298.50M | 264.30M | 226.00M | 198.80M | 187.30M | 170.20M | 163.10M | 161.70M | 174.10M | 128.60M |
| Income Before Tax Ratio | 13.49% | 11.62% | 11.27% | 13.72% | 11.07% | 7.75% | 10.20% | 13.46% | 13.66% | 11.31% | 10.66% | 10.36% | 8.46% | 8.72% | 8.78% | 8.95% | 11.40% | 10.68% | 9.13% | 9.49% | 9.67% | 9.59% | 8.38% | 2.75% | 9.80% | 8.92% | 8.75% | 9.08% | 9.73% | 9.63% | 8.96% | 8.22% | 7.82% | 8.26% | 8.02% | 8.36% | 9.02% | 11.21% | 5.86% |
| Income Tax Expense | 721.10M | 553.00M | 384.20M | 488.80M | 440.50M | 250.90M | -285.58M | 462.53M | 495.12M | 392.34M | 333.40M | 307.11M | 299.69M | 215.30M | 186.97M | 237.60M | 297.37M | 258.25M | 191.60M | 185.66M | 190.87M | 186.46M | 161.29M | 127.38M | 186.30M | 167.20M | 166.70M | 146.20M | 117.80M | 111.90M | 99.10M | 81.40M | 70.60M | 64.60M | 61.30M | 62.00M | 67.90M | 78.10M | 54.00M |
| Net Income | 2.39B | 2.02B | 1.86B | 2.03B | 1.54B | 1.11B | 1.77B | 1.13B | 1.05B | 865.89M | 752.56M | 680.20M | 441.86M | 462.49M | 435.85M | 476.88M | 615.58M | 576.06M | 463.26M | 393.25M | 332.06M | 127.57M | 263.16M | 16.03M | 303.90M | 272.90M | 260.60M | 229.20M | 200.70M | 186.60M | 165.20M | 62.80M | 128.20M | 122.70M | 108.90M | 101.10M | 96.60M | 106.00M | 74.60M |
| Net Income Ratio | 10.36% | 9.12% | 9.35% | 11.06% | 8.61% | 6.32% | 11.83% | 9.55% | 9.29% | 7.78% | 7.39% | 7.13% | 5.04% | 5.95% | 6.14% | 5.98% | 7.69% | 7.38% | 6.44% | 6.43% | 6.14% | 2.46% | 5.19% | 0.31% | 6.07% | 5.53% | 5.34% | 5.55% | 6.13% | 6.02% | 5.60% | 2.29% | 5.04% | 5.41% | 5.13% | 5.18% | 5.39% | 6.83% | 3.40% |
| EPS | 9.35 | 7.83 | 7.10 | 7.48 | 5.60 | 3.97 | 6.36 | 4.11 | 3.79 | 2.98 | 2.47 | 2.21 | 1.41 | 1.43 | 1.28 | 1.36 | 1.61 | 1.44 | 1.13 | 0.93 | 0.76 | 0.28 | 0.56 | 0.03 | 0.60 | 0.53 | 0.50 | 0.45 | 0.39 | 0.36 | 0.31 | 0.12 | 0.24 | 0.24 | 0.21 | 0.19 | 0.18 | 0.20 | 0.14 |
| EPS Diluted | 9.25 | 7.72 | 6.98 | 7.36 | 5.50 | 3.89 | 6.22 | 4.00 | 3.72 | 2.93 | 2.42 | 2.16 | 1.38 | 1.40 | 1.26 | 1.33 | 1.57 | 1.40 | 1.09 | 0.91 | 0.75 | 0.28 | 0.56 | 0.03 | 0.60 | 0.52 | 0.50 | 0.44 | 0.39 | 0.36 | 0.31 | 0.12 | 0.24 | 0.24 | 0.21 | 0.19 | 0.18 | 0.20 | 0.14 |
| Weighted Avg Shares Out | 255.40M | 258.00M | 262.50M | 271.28M | 275.41M | 278.98M | 278.73M | 275.52M | 276.59M | 288.57M | 302.69M | 305.14M | 310.41M | 321.06M | 340.54M | 350.51M | 381.67M | 400.97M | 409.96M | 422.85M | 435.01M | 450.23M | 467.14M | 480.78M | 503.70M | 518.16M | 517.75M | 513.13M | 514.62M | 518.33M | 532.90M | 523.33M | 526.85M | 518.45M | 518.57M | 522.93M | 526.91M | 538.98M | 545.85M |
| Weighted Avg Shares Out (Dil) | 258.30M | 261.80M | 267.10M | 275.83M | 280.34M | 284.96M | 284.78M | 283.46M | 282.07M | 294.23M | 309.15M | 311.79M | 317.02M | 326.36M | 346.27M | 358.03M | 392.77M | 412.45M | 423.71M | 433.74M | 440.78M | 455.59M | 469.93M | 480.78M | 506.50M | 521.46M | 521.20M | 516.99M | 514.62M | 518.33M | 532.90M | 523.33M | 526.85M | 518.45M | 518.57M | 522.93M | 526.91M | 538.98M | 545.85M |
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The Sherwin-Williams Company (SHW) Q2 2024 Earnings Call Transcript
The Sherwin-Williams Company (NYSE:SHW ) Q2 2024 Earnings Conference Call July 23, 2024 11:00 AM ET Company Participants Heidi Petz - President and CEO Allen Mistysyn - CFO Jim Jaye - SVP of Investor Relations & Corporate Communications Conference Call...
Why Sherwin-Williams Stock Is Up Today
Sherwin-Williams beat earnings expectations thanks to strong pricing power in its paint stores unit. It also boosted its full-year profit guidance.
Sherwin-Williams Stock Surges as Residential Growth Powers Adjusted Profit Beat
Sherwin-Williams (SHW) shares rose Tuesday after the paint maker posted better-than-forecast second-quarter adjusted profit on higher residential sales. The paint maker also raised its 2024 profit outlook.
Sherwin-Williams (SHW) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Sherwin-Williams (SHW) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates...
Sherwin-Williams' (SHW) Q2 Earnings Top Estimates, Sales Lag
Consolidated net sales of Sherwin-Williams (SHW) increase primarily owing to higher sales volumes in the Paint Stores and Performance Coatings Groups in Q2.
Sherwin-Williams (SHW) Beats Q2 Earnings Estimates
Sherwin-Williams (SHW) came out with quarterly earnings of $3.70 per share, beating the Zacks Consensus Estimate of $3.51 per share. This compares to earnings of $3.29 per share a year ago.
Sherwin-Williams stock jumps premarket after profit beat offsets sales shortfall
Sherwin-Williams Co.'s stock SHW, +0.16% jumped 6% premarket Tuesday, after the paint company's better-than-expected second-quarter profit offset a sales miss. Cleveland, Ohio-based Sherwin-Williams posted net income of $889.9 million, or $3.50 a share, for the quarter, up from $793.7 million,...
The Sherwin-Williams Company Reports 2024 Second Quarter Financial Results
CLEVELAND , July 23, 2024 /PRNewswire/ -- The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the second quarter ended June 30, 2024. All comparisons are to the second quarter of the prior year, unless otherwise noted.
Source: https://incomestatements.info
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