The Sherwin-Williams Company

$19.00

SKU: SHW Category:

Description

Sherwin-Williams had an excellent first quarter compared to the same period last year, with consolidated net sales growing by a high single-digit percentage, led by a mid-teens percentage increase in the professional architectural end markets. The company managed an all-around beat. Sales in the industrial side of the business also grew in all regions except for Asia Pacific. Gross margin improved sequentially and year-over-year due to solid volume in the Paint Stores Group and reasonable pricing. Despite higher inflation in wages and other employee-related categories, the cost of goods sold was partially offset by a slight decrease in raw material costs compared to the previous year. The margin in all three reportable segments increased year-over-year, with strong growth in diluted net income per share and EBITDA. Sherwin-Williams continued to streamline its portfolio by divesting a non-core aerosol business and its China architectural business. The company aims to maintain most of the pricing they have introduced in the market, given the ongoing investments in innovation, enhanced services, and talent acquisition that provide differentiated solutions to help customers achieve their goals and success. We give the company a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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