Sherwin-Williams Paints A Rosy Picture: Q2 Profit Soars Amid Sales Challenges
Sherwin-Williams Paints A Rosy Picture: Q2 Profit Soars Amid Sales Challenges
Sherwin-Williams Company (NYSE:SHW) shares are trading higher after the company reported second-quarter FY24 results.
宣偉公司（紐交所：SHW）發佈業績後，股價上漲。
Adjusted earnings per share of $3.70, beating the Wall Street view of $3.48.
調整每股收益爲3.70美元，超出華爾街預期的3.48美元。
Quarterly revenue rose 0.5% Y/Y to $6.27 billion, missing the analyst consensus of $6.33 billion.
季度營業收入同比增長0.5%至627億美元，未達到分析師共識的633億美元。
Revenue increased due to higher sales volumes in the Paint Stores and Performance Coatings Groups despite lower volumes in the Consumer Brands Group.
儘管消費品牌集團銷售量下降，但漆店和性能塗料集團的銷售量增加，導致營收增加。
Net sales in Paint Stores Group rose 3.5% Y/Y, mainly due to low-single-digit volume growth and the continued impact of higher selling prices implemented earlier in the year.
漆店銷售額同比增長3.5%，主要是由於單位銷售量的小幅增長以及今年早些時候實施的較高銷售價格的持續影響。
Quarterly gross profit increased to $3.06 billion from $2.87 billion a year ago. Gross margin in the quarter under review expanded to 48.8% from 46.0% a year ago.
季度毛利潤從去年的28.7億美元增加至30.6億美元。審視期內的毛利率從去年的46.0%增至48.8%。
Repurchase & Dividend: The company returned cash of $1.34 billion to shareholders in the form of dividends and repurchases of 3.1 million shares of its common stock during the first six months of 2024.
回購和分紅：公司在2024年前六個月以紅利和回購公司普通股310萬股的形式向股東返還了13.4億美元現金。
As of June 30, 2024, the company had authorization to buy back 36.5 million shares of its common stock through open market purchases.
截至2024年6月30日，公司已授權通過公開市場交易回購3650萬股普通股。
Sherwin-Williams exited the quarter with cash and equivalents worth $200.0 million.
宣偉公司以2億美元的現金及其等價物結束了這個季度。
Outlook: Sherwin-Williams raised 2024 adjusted EPS guidance to $11.10-$11.40 (from $10.85-$11.35) versus the $11.37 estimate.
宣偉公司將2024財年調整後每股收益指引上調至11.10美元至11.40美元（原預期範圍爲10.85美元至11.35美元），而分析師預期的每股收益爲11.37美元。
The company expects consolidated net sales to be up a low-single-digit percentage (vs. up low to mid-single digit percentage earlier) compared to the full year 2023.
公司預計全年2023年營收將同比略有增長（較早期預計的低到中等單位數字百分比的增長），
For the third quarter, Sherwim-Williams expects net sales growth to be a low-single-digit percentage Y/Y.
宣偉公司表示，第三季度淨銷售額同比增長幅度將爲單位數字百分比。
President and Chief Executive Officer Heidi G. Petz said, "Led by strong performance in the Paint Stores Group, we continued to execute on our proven strategy across the Company to deliver consolidated sales within our expectations, gross margin expansion, EBITDA growth, and a 12.5% percent increase in adjusted diluted net income per share."
首席執行官海蒂·G·佩茨表示：“在漆店集團表現強勁的帶領下，我們繼續在公司各個領域執行我們的業已驗證的策略，以實現我們的預期營收，毛利率擴大，Ebitda增長以及調整後稀釋的每股淨收入增長12.5%。”
"Consumer Brands Group sales continued to be impacted by soft North America DIY paint demand."
受北美DIY塗料需求低迷的影響，消費品牌組的銷售仍受到影響。
Investors can gain exposure to the stock via Materials Select Sector SPDR (NYSE:XLB) and Fidelity MSCI Materials Index ETF (NYSE:FMAT).
投資者可以通過材料選擇部門SPDR（NYSE：XLB）和富達MSCI材料指數ETF（NYSE：FMAT）獲得該股的投資回報。
Price Action: SHW shares are up 4.20% at $335.89 at the last check Tuesday.
最後一次檢查時，SHW股票上漲4.20%，報335.89美元。
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Image: Shutterstock/ Sebastian Duda
圖片：shutterstock / Sebastian Duda
譯文內容由第三人軟體翻譯。