Sherwin-Williams Increases 2024 Adj. EPS Guidance To $11.10-$11.40 (Prior $10.85-$11.35) Vs. $11.37 Est.; Expects Net Sales To Be Up A Low-Single Digit Percentage
Portfolio Pulse from Benzinga Newsdesk
Sherwin-Williams has increased its 2024 adjusted EPS guidance to $11.10-$11.40 from the prior $10.85-$11.35, compared to the $11.37 estimate. The company expects net sales to grow by a low-single digit percentage.
July 23, 2024 | 11:07 am
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Sherwin-Williams has raised its 2024 adjusted EPS guidance to $11.10-$11.40 from the prior $10.85-$11.35, which is slightly above the $11.37 estimate. The company also expects net sales to grow by a low-single digit percentage.
The increase in adjusted EPS guidance indicates stronger expected profitability, which is likely to positively impact the stock price in the short term. The net sales growth, although modest, also supports a positive outlook.
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