The Sherwin-Williams Company
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.27B | $5.37B | $5.25B | $6.12B | $6.24B | $5.44B | $5.23B | $6.05B |
| Cost of Revenue | $3.21B | $2.84B | $2.70B | $3.20B | $3.37B | $3.02B | $3.00B | $3.46B |
| Gross Profit | $3.06B | $2.53B | $2.55B | $2.92B | $2.87B | $2.42B | $2.23B | $2.59B |
| Gross Margin | 48.8% | 47.2% | 48.5% | 47.7% | 46.0% | 44.5% | 42.7% | 42.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $1.85B | $1.80B | $1.86B | $1.76B | $1.76B | $1.69B | $1.64B | $1.61B |
| Operating Income | $1.41B | $884.3M | $791.2M | $1.30B | $1.23B | $839.4M | $686.4M | $1.10B |
| Operating Margin | 22.5% | 16.5% | 15.1% | 21.2% | 19.7% | 15.4% | 13.1% | 18.1% |
| Interest Expense | $110.8M | $103.0M | $94.6M | $101.9M | $111.7M | $109.3M | $108.3M | $101.2M |
| Pretax Income | $1.17B | $640.0M | $474.0M | $1.01B | $1.01B | $614.8M | $494.9M | $877.2M |
| Income Tax Expense | $283.5M | $134.8M | $117.8M | $247.5M | $218.4M | $137.4M | $108.6M | $192.1M |
| Net Income | $889.9M | $505.2M | $356.2M | $761.5M | $793.7M | $477.4M | $386.3M | $685.1M |
| Net Margin | 14.2% | 9.4% | 6.8% | 12.4% | 12.7% | 8.8% | 7.4% | 11.3% |
| EPS (Basic) | $3.55 | $2.00 | $1.41 | $2.98 | $3.10 | $1.86 | $1.50 | $2.66 |
| EPS (Diluted) | $3.50 | $1.97 | $1.39 | $2.95 | $3.07 | $1.84 | $1.48 | $2.62 |
| Shares Outstanding (Basic) | 251.0M | 252.5M | 255.4M | 255.1M | 256.0M | 256.7M | 258.0M | 257.7M |
| Shares Outstanding (Diluted) | 254.2M | 255.8M | 258.3M | 258.4M | 258.9M | 259.7M | 261.8M | 261.1M |
| Dividends Per Share | $0.72 | $0.72 | $0.61 | $0.61 | $0.61 | $0.61 | $0.60 | $0.60 |