Sherwin-Williams Full-Year Report 2023
- Consolidated net sales increased 4.1% in the year to a record $23.05 billion
- Net sales from stores in the Paint Stores Group open more than twelve calendar months increased 6.8% in the year
- Diluted net income per share increased 19.8% to $9.25 per share in the year compared to $7.72 per share in the full year 2022
- Adjusted diluted net income per share increased to $10.35 per share in the year compared to $8.73 per share in the full year 2022
- Diluted net income per share decreased 6.1% to $1.39 per share and adjusted diluted net income per share decreased 4.2% to $1.81 per share, in the fourth quarter of 2023
- Generated net operating cash of $3.52 billion, or 15.3% of net sales, in the year
- Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) increased 17.5% in the year to $4.24 billion or 18.4% of net sales
- Full year 2024 diluted net income per share guidance in the range of $10.05 to $10.55 per share, including acquisition-related amortization expense of $0.80 per share
- Full year 2024 adjusted diluted net income per share guidance in the range of $10.85 to $11.35 per share
