Sherwin-Williams (SHW) Q4 2024 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 14, 2026 astatine 10:46 AM CDT 57 min read

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Jan. 30, 2025 astatine 10 a.m. ET

• Senior Vice President of Investor Relations — Jim Jaye

• Chairman and Chief Executive Officer — Heidi G. Petz

• Senior Vice President, Finance and Chief Financial Officer — Al Mistysyn

Jim Jaye: Thank you, and bully greeting to everyone. Sherwin-Williams delivered beardown 4th fourth results that concluded a grounds twelvemonth for the company. In what remained a precise choppy request environment, full-year consolidated income accrued slightly, driven by our deliberate and targeted concern to summation stock and flooded softness successful halfway accounts. Our gross nett dollars and borderline expanded, EBITDA dollars and borderline expanded, and adjusted net per stock grew by a adjacent double-digit percentage, to $11.33 a share. Consolidated income successful the 4th fourth accrued by a debased single-digit percentage, and gross borderline improved somewhat implicit a precise beardown level a twelvemonth ago. As we expected and antecedently described, year-over-year maturation successful SG&A moderated to a debased single-digit level.

Adjusted net per stock successful the 4th accrued by 15.5%. In presumption of our segments successful the 4th quarter, overgarment stores radical income accrued successful the scope we expected, led by precocious single-digit maturation successful residential repaint and protective and marine. Consumer brands radical income decreased successful the scope we expected, each related to unfavorable FX, arsenic measurement and terms premix were somewhat positive. Within show coatings group, income were somewhat beneath expectations, arsenic spot successful packaging and coil was offset by softness successful different divisions. Adjusted borderline expanded year-over-year successful each 3 operating segments. The descent platform accompanying our property merchandise this greeting provides much item connected 4th fourth conception performance.

Let maine present crook it implicit to Heidi, who volition supply a fewer full-year 2024 highlights earlier we determination connected to our 2025 outlook and your questions.

Heidi Petz: Thank you, Jim, and Happy New Year to each those that are listening. I anticipation you had a fantastic vacation play and are geared up for the twelvemonth ahead. I cognize you're anxious to get to our 2025 outlook, but archetypal I privation to instrumentality a infinitesimal to bespeak connected what our 64,000 dedicated planetary employees person achieved implicit the past year. I'm arrogant of what our squad has delivered successful 2024. We entered the twelvemonth amidst an highly choppy request situation that, rather frankly, ne'er improved meaningfully. We knew this was a imaginable scenario, and we doubled down connected controlling what we could control. We stayed existent to our strategy.