Sherwin-Williams: Q1 Earnings Snapshot
By AP News
Published - Apr 23, 2024, 07:09 AM ET
Last Updated - Apr 23, 2024, 07:09 AM EDT
CLEVELAND (AP) — CLEVELAND (AP) — Sherwin-Williams Co. (SHW) on Tuesday reported first-quarter profit of $505.2 million.
The Cleveland-based company said it had profit of $1.97 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $2.17 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.
The paint and coatings maker posted revenue of $5.37 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $5.51 billion.
