The Sherwin-Williams (SHW) Revenue — Quarter Ended Mar 31, 2023
Revenue increased compared to the same quarter last year. The growth rate slowed from the prior quarter's year-over-year pace.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased compared to the same quarter last year. The growth rate slowed from the prior quarter's year-over-year pace.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.4B
Revenue reported for this quarter.
Quarter-over-quarter
+4.1%
Change from the immediately preceding quarter.
Year-over-year
+8.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $5.9B | +9.2% |
| Sep 30, 2022 | $6B | +17.5% |
| Dec 31, 2022 | $5.2B | +9.8% |
| Mar 31, 2023 | $5.4B | +8.9% |
Revenue performance
The reported revenue rose from the same period a year earlier, continuing an upward trajectory. Sequentially, revenue increased from the immediately preceding quarter.
Quarterly comparison
Compared with the prior quarter, revenue improved. Versus the same quarter one year ago, revenue was higher, though the rate of year-over-year expansion moderated relative to the prior quarter's annual comparison.
What to watch
The sequential revenue increase follows a decline in the prior quarter, warranting attention to the sustainability of the recovery.