The Sherwin-Williams (SHW) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to the same quarter one year earlier. However, it decreased from the immediately preceding quarter.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to the same quarter one year earlier. However, it decreased from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.1B
Revenue reported for this quarter.
Quarter-over-quarter
-2.0%
Change from the immediately preceding quarter.
Year-over-year
+1.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$23B
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 |
|---|---|---|
| Dec 31, 2022 | $5.2B | +9.8% |
| Mar 31, 2023 | $5.4B | +8.9% |
| Jun 30, 2023 | $6.2B | +6.3% |
| Sep 30, 2023 | $6.1B | +1.1% |
Revenue performance
The reported revenue direction is mixed: a year-over-year gain but a sequential decline from the prior quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell. Compared to the same quarter one year earlier, revenue rose.
What to watch
The sequential revenue decline after several quarters of growth may warrant attention.