The Sherwin-Williams (SHW) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined compared to the immediately preceding quarter. Compared to the same quarter one year earlier, revenue was slightly higher.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined compared to the immediately preceding quarter. Compared to the same quarter one year earlier, revenue was slightly higher.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.3B
Revenue reported for this quarter.
Quarter-over-quarter
-14.1%
Change from the immediately preceding quarter.
Year-over-year
+0.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$23.1B
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 |
|---|---|---|
| Mar 31, 2023 | $5.4B | +8.9% |
| Jun 30, 2023 | $6.2B | +6.3% |
| Sep 30, 2023 | $6.1B | +1.1% |
| Dec 31, 2023 | $5.3B | +0.4% |
Revenue performance
The reported revenue decreased from the prior quarter, marking a reversal from the sequential growth seen in earlier periods of the year. The year-over-year comparison showed a marginal increase, continuing a pattern of modest annual gains.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Compared to the same quarter one year earlier, revenue was slightly higher.
What to watch
The sequential decline in revenue warrants attention given the prior quarters' consistent growth.