Sherwin-Williams Beats Q2 FY23 Sales Estimates, Driven By Price Increases And Volume Growth
Portfolio Pulse from Shivani Kumaresan
Sherwin-Williams Co (NYSE:SHW) reported Q2 FY23 sales growth of 6.3% YoY to $6.24 billion, beating the analyst consensus estimate of $6.03 billion. The increase was driven by selling price increases and volume growth. Adjusted EPS of $3.29 beat the analyst consensus of $2.69. The company sees FY23 adjusted EPS of $9.30 - $9.70, below the consensus of $8.79. SHW shares are trading higher by 3.47% at $277.24.
July 25, 2023 | 3:59 pm
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Sherwin-Williams reported better than expected Q2 FY23 results, with sales growth of 6.3% YoY and adjusted EPS beating estimates. The company's FY23 adjusted EPS outlook is also above consensus. SHW shares are trading higher.
Sherwin-Williams reported strong Q2 FY23 results, with sales growth driven by price increases and volume growth. The company's adjusted EPS also beat estimates, and its FY23 EPS outlook is above consensus. These positive results are likely to boost investor confidence and could drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100