Sherwin-Williams Co. (SHW), while reporting higher first-quarter earnings above market estimates, with increased revenues, on Tuesday issued second-quarter revenue growth view, and backs fiscal 2023 forecast.
For the second quarter, the company projects consolidated net sales growth to be up or down a low-single digit percentage compared to the second quarter of 2022.
For fiscal 2023, the company said its net income per share guidance remains unchanged at $6.79 to $7.59 per share, including acquisition-related amortization expense of $0.81 per share and restructuring expense of $0.25 to $0.35 per share, compared to $7.72 per share in 2022.
Full year 2023 adjusted net income per share is still expected to be in the range of $7.95 to $8.65 per share, compared to $8.73 per share in 2022.
On average, 28 analysts polled by Thomson Reuters expect earnings of $8.48 per share for the year. Analysts' estimates typically exclude special items.
For the full year, the company continues to expect consolidated net sales to be down a mid-single digit percentage to flat compared to full year 2022.
In pre-market activity on the NYSE, the shares were trading at $243.79, up 3.06 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.