Sherwin-Williams Q3 2020 Earnings Report
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
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