https://assets.capyfin.com/instruments/678fdc13234e27009c5d588e.png avatar
Sherwin-Williams
🇺🇸 NYSE:SHW
View Company
OverviewEarningsDividends
•
Dec 31, 2020

Sherwin-Williams Q4 2020 Earnings Report

Sherwin-Williams reported record sales and earnings, driven by strong growth in the Americas Group and Consumer Brands Group.

Key Takeaways

Sherwin-Williams announced its financial results for the year and fourth quarter ended December 31, 2020. Consolidated net sales for the year increased 2.6% to a record $18.36 billion and increased 9.1% in the quarter to a record $4.49 billion. Diluted net income per share increased in the quarter to $4.46 per share from $2.66 per share for 2019.

Consolidated net sales increased 9.1% in the quarter to a record $4.49 billion.

Net sales from stores in U.S. and Canada open more than twelve calendar months increased 9.3% in the quarter.

Diluted net income per share increased to $4.46 per share from $2.66 per share for 2019.

The company anticipates diluted net income per share for 2021 in the range of $23.87 to $24.67 per share, including acquisition-related amortization expense of $2.53 per share

Total Revenue
$4.49B
Previous year: $4.11B
+9.1%
EPS
$1.7
Previous year: $1.42
+19.7%
Gross Profit
$2.13B
Previous year: $1.89B
+12.4%
Cash and Equivalents
$227M
Previous year: $162M
+40.0%
Total Assets
$19.3B
Previous year: $16.3B
+18.2%

Sherwin-Williams

Sherwin-Williams

Sherwin-Williams Revenue by Segment

Forward Guidance

In the first quarter of 2021, the company anticipates net sales will increase high single digits compared to the first quarter of 2020. For the full year 2021, the company expects net sales to increase mid-to-high single digits compared to full year 2020. With annual sales at that level, the company anticipates diluted net income per share for 2021 will be in the range of $23.87 to $24.67 per share compared to $22.08 per share earned in 2020.

Positive Outlook

  • North American new residential and residential repaint demand will remain strong.
  • Industrial businesses have never been better positioned.
  • Industrial demand will continue to improve.
  • Targeting growth at a rate that outpaces the market through customer driven solutions.
  • Ongoing growth investments and multiple growth opportunities.

Challenges Ahead

  • Commercial end markets will likely remain choppy.
  • DIY business will face challenging comparisons.
  • COVID-19 pandemic impacts.
  • Raw material availability and pricing changes.
  • Adverse weather conditions or impacts of climate change.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Sherwin-Williams