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.
宣伟公司（纽交所：SHW）发布财报后，股价上涨。
Adjusted earnings per share of $3.70, beating the Wall Street view of $3.48.
调整每股收益为3.70美元，超出华尔街预期的3.48美元。
Quarterly revenue rose 0.5% Y/Y to $6.27 billion, missing the analyst consensus of $6.33 billion.
季度营业收入同比增长0.5%至627亿美元，未达到分析师共识的633亿美元。
Revenue increased due to higher sales volumes in the Paint Stores and Performance Coatings Groups despite lower volumes in the Consumer Brands Group.
尽管消费品牌集团销售量下降，但漆店和性能涂料集团的销售量增加，导致营收增加。
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.
漆店销售额同比增长3.5%，主要是由于单位销售量的小幅增长以及今年早些时候实施的较高销售价格的持续影响。
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.
季度毛利润从去年的28.7亿美元增加至30.6亿美元。审视期内的毛利率从去年的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.
回购和分红：公司在2024年前六个月以红利和回购公司普通股310万股的形式向股东返还了13.4亿美元现金。
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，公司已授权通过公开市场交易回购3650万股普通股。
Sherwin-Williams exited the quarter with cash and equivalents worth $200.0 million.
宣伟公司以2亿美元的现金及其等价物结束了这个季度。
Outlook: Sherwin-Williams raised 2024 adjusted EPS guidance to $11.10-$11.40 (from $10.85-$11.35) versus the $11.37 estimate.
宣伟公司将2024财年调整后每股收益指引上调至11.10美元至11.40美元（原预期范围为10.85美元至11.35美元），而分析师预期的每股收益为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.
公司预计全年2023年营收将同比略有增长（较早期预计的低到中等单位数字百分比的增长），
For the third quarter, Sherwim-Williams expects net sales growth to be a low-single-digit percentage Y/Y.
宣伟公司表示，第三季度净销售额同比增长幅度将为单位数字百分比。
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."
首席执行官海蒂·G·佩茨表示：“在漆店集团表现强劲的带领下，我们继续在公司各个领域执行我们的业已验证的策略，以实现我们的预期营收，毛利率扩大，Ebitda增长以及调整后稀释的每股净收入增长12.5%。”
"Consumer Brands Group sales continued to be impacted by soft North America DIY paint demand."
受北美DIY涂料需求低迷的影响，消费品牌组的销售仍受到影响。
Investors can gain exposure to the stock via Materials Select Sector SPDR (NYSE:XLB) and Fidelity MSCI Materials Index ETF (NYSE:FMAT).
投资者可以通过材料选择部门SPDR（NYSE：XLB）和富达MSCI材料指数ETF（NYSE：FMAT）获得该股的投资回报。
Price Action: SHW shares are up 4.20% at $335.89 at the last check Tuesday.
最后一次检查时，SHW股票上涨4.20%，报335.89美元。
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Image: Shutterstock/ Sebastian Duda
图片：shutterstock / Sebastian Duda