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Sherwin-Williams — Oct 22, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000089800-24-000155
Open on SEC.gov ↗
Showing in the filing
Sales
“flat to up a low-single digit percentage compared to full year 2023”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 8
Acquisition-related amortization expense for FY2024
“$0.80 per share”
Adjusted diluted net income per share for FY2024
“$11.10 to $11.40 per share”
SG&A for H2 FY2024
“low to mid-single digit increase”
SG&A increase for FY2024
“low to mid-single digit increase”
Effective tax rate for FY2024
“Low twenty percent”
Consolidated net sales for Q4 FY2024
“flat to up a low-single digit percentage”
Sales for FY2024
“flat to up a low-single digit percentage compared to full year 2023”
Diluted net income per share for FY2024
“$10.30 to $10.60 per share”
Exhibit 99.1 · the passage around this item
… earlier in the release
This range accounts for several variables that are hard to forecast precisely, including demand related to recovery from hurricanes Helene and Milton, and the potential for extended holiday shutdowns by industrial customers. Specifically, we expect full year 2024 sales to be flat to up a low-single digit percentage compared to full year 2023. We continue to guide to full year 2024 diluted net income per share of $10.30 to $10.60 per share, including acquisition-related amortization expense of $0.80 per share, compared to $9.25 per share in 2023. Our adjusted diluted net income per share guidance remains $11.10 to $11.40 per share, an increase of 8.7% at the mid-point compared to 2023.” CONFERENCE CALL INFORMATION The Company will host a conference call to discuss its financial results for the third quarter, and its outlook for the fourth quarter and full year 2024, at 10:00 a.m. EDT on Tuesday, October 22, 2024. Heidi G. Petz, Sherwin-Williams President and Chief Executive Officer, along with other senior executives, will participate on the call. The conference call will be webcast simultaneously in listen only mode. To listen to the webcast on the Sherwin-Williams website, click on https://investors.sherwin-williams.com/financials/quarterly-results/, then click on the webcast icon following the reference to the Q3 webcast. An archived replay of the webcast will be available at https://investors.sherwin-williams.com/financials/quarterly-results/ beginning approximately two hours after the call ends. ABOUT THE SHERWIN-
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.