Sherwin-Williams reports Q4 adjusted EPS $1.81, consensus $1.80

Reports Q4 revenue $5.25B, consensus $5.22B. “Sherwin-Williams delivered solid Q4 results, with positive sales growth and significant year-over-year gross margin improvement,” said CEO Heidi Petz. “We continued our accelerated growth investments in the quarter, which we are confident will continue to drive profitable above-market growth in future periods. Sales in all three reportable segments were within or better than our guidance…For the full year, sales grew to a record $23.05B, gross margin expanded to 46.7%, well within our current targeted range, and adjusted diluted net income per share increased 18.6% to a record $10.35 per share. We generated strong net operating cash in the year, which enabled us to continue to invest in customer-focused innovation, while returning $2.06 billion to shareholders through dividends and share repurchases”.