Sherwin-Williams Q3: Earnings Beat, 1.1% Sales Growth, Raised FY23 Earnings Guidance & More
Portfolio Pulse from Shivani Kumaresan
Sherwin-Williams Company (NYSE:SHW) reported Q3 FY23 sales growth of 1.1% YoY to $6.117 billion, beating the analyst consensus estimate. The increase was driven by selling price increases. Adjusted EPS of $3.20 beat the consensus estimate of $2.77. The company raised its FY23 adjusted EPS outlook from $9.30 - $9.70 to $10.10 - $10.30, above the consensus of $9.83. SHW shares are trading higher by 1.51% at $242.24.
October 24, 2023 | 2:27 pm
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Sherwin-Williams reported better than expected Q3 results and raised its FY23 EPS outlook, leading to a 1.51% increase in its stock price.
Sherwin-Williams reported a YoY sales growth of 1.1% and an adjusted EPS of $3.20, both beating analyst estimates. The company also raised its FY23 EPS outlook, which is likely to have a positive impact on investor sentiment and the stock price in the short term.
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