The Sherwin-Williams Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 6,240.6 million compared to USD 5,872.3 million a year ago. Net income was USD 793.7 million compared to USD 577.9 million a year ago. Basic earnings per share from continuing operations was USD 3.1 compared to USD 2.24 a year ago. Diluted earnings per share from continuing operations was USD 3.07 compared to USD 2.21 a year ago.
For the six months, sales was USD 11,683 million compared to USD 10,871 million a year ago. Net income was USD 1,271.1 million compared to USD 948.7 million a year ago. Basic earnings per share from continuing operations was USD 4.96 compared to USD 3.67 a year ago. Diluted earnings per share from continuing operations was USD 4.9 compared to USD 3.61 a year ago.
The Sherwin-Williams Company specializes in developing, manufacturing and marketing paints, coating and related products. Net sales break down by activity as follows:
- retail sale of paints and industrial and architectural coating (57.1%): owned, at the end of 2024, 4,773 specialized stores in the United States, Canada and the Caribbean region;
- sale of performance coatings for wood finishing and industrial applications (29.4%): activity ensured through a network of 324 branches worldwide (of which 225 in the United States);
- sale of branded and private-label protective and anti-corrosion paints and coatings (13.5%): activity ensured through a network of 334 specialist outlets in Latin America.
At the end of 2024, the group had 103 principal production sites worldwide.
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