The Sherwin-Williams (SHW) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared with the same quarter one year earlier. Sequentially, revenue increased from the immediately preceding quarter.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined compared with the same quarter one year earlier. Sequentially, revenue increased from the immediately preceding quarter.
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
+2.2%
Change from the immediately preceding quarter.
Year-over-year
-1.4%
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 |
|---|---|---|
| Jun 30, 2023 | $6.2B | +6.3% |
| Sep 30, 2023 | $6.1B | +1.1% |
| Dec 31, 2023 | $5.3B | +0.4% |
| Mar 31, 2024 | $5.4B | -1.4% |
Revenue performance
The reported revenue decreased relative to the prior-year quarter, reflecting a lower top line.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose. However, versus the same quarter one year ago, revenue was lower.
What to watch
The sequential revenue improvement may warrant monitoring for sustainability.