Loading...
•
Sep 30, 2020
Sherwin-Williams Q3 2020 Earnings Report
Reported strong third quarter results driven by strength in DIY business, residential repaint and industrial coatings demand.
Key Takeaways
Sherwin-Williams reported a 5.2% increase in consolidated net sales to $5.12 billion for the third quarter of 2020. Diluted net income per share increased to $7.66, and EBITDA increased to $1.11 billion, representing 21.6% of sales.
Consolidated net sales increased 5.2% to $5.12 billion.
Diluted net income per share increased to $7.66 compared to $6.16 in Q3 2019.
EBITDA increased to $1.11 billion, or 21.6% of sales.
Net sales from stores in U.S. and Canada open more than twelve calendar months increased 3.1%.
Sherwin-Williams
Sherwin-Williams
Sherwin-Williams Revenue by Segment
Revenue by Segment
Paint Stores Group Revenue
CapyFin.comConsumer Brands Group Revenue
CapyFin.comPerformance Coatings Group Revenue
CapyFin.com Forward Guidance
The company anticipates consolidated net sales will increase by 3% to 7% in the fourth quarter compared to last year. Full year 2020 diluted net income per share guidance is in the range of $21.49 to $21.79 per share.
Positive Outlook
- Consolidated net sales are expected to increase by 3% to 7% in Q4 2020 compared to Q4 2019.
- Full year 2020 diluted net income per share guidance is in the range of $21.49 to $21.79 per share.
- Updated full year 2020 adjusted diluted net income per share guidance of $24.00 to $24.30 per share, excluding $2.51 of acquisition-related amortization expense, compares to $21.12 per share for full year 2019, excluding acquisition-related costs of $3.21 per share and other adjustments of $1.42 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income