The Sherwin-Williams Company (NYSE:SHW) Q2 2024 Earnings Conference Call July 23, 2024 11:00 AM ET
Company Participants
Heidi Petz - President and CEO
Allen Mistysyn - CFO
Jim Jaye - SVP of Investor Relations & Corporate Communications
Conference Call Participants
Vincent Andrews - Morgan Stanley
Chris Parkinson - Wolfe Research
Arun Viswanathan - RBC Capital Markets
Jeff Zekauskas - JPMorgan
John McNulty - BMO Capital Markets
Michael Sison - Wells Fargo
Adam Baumgarten - Zelman
Michael Leithead - Barclays
Patrick Cunningham - Citi
Kevin McCarthy - Vertical Research Partners
Gregory Melich - Evercore ISI
Ghansham Panjabi - Baird
Steve Byrne - Bank of America
Josh Spector - UBS
Michael Harrison - Seaport Research Partners
Duffy Fischer - Goldman Sachs
David Begleiter - Deutsche Bank
Aleksey Yefremov - KeyBanc Capital Markets
John Roberts - Mizuho
Chuck Cerankosky - Northcoast Research
Garik Shmois - Loop Capital
Eric Bosshard - Cleveland Research Company
Aron Ceccarelli - Berenberg
Laurence Alexander - Jefferies
Operator
Good morning. Thank you for joining the Sherwin-Williams Company's Review of Q2 2024 Results and our Outlook for the Q3 and Full-Year of 2024.
With us on today's call are Heidi Petz, President and CEO; Allen Mistysyn, Chief Financial Officer; Jane Cronin, Senior Vice President, Enterprise Finance; and Jim Jaye, Senior Vice President, Investor Relations and Communications.
This conference call is being webcast simultaneously in listen-only mode by Issuer Direct via the Internet at www.sherwin.com. An archived replay of this webcast will be available at www.sherwin.com beginning approximately two hours after this conference call concludes. This conference call will include certain forward-looking statements as defined under U. S. federal securities laws with respect to sales, earnings and other matters. Any forward-looking statement speaks only as of the date on which such statement is made, and the company undertakes no obligation to update or revise any forward-looking statement whether as a result of new information, future events or otherwise. A full declaration regarding forward-looking statements is provided in the company's earnings release transmitted earlier this morning. After the company's prepared remarks, we will open up this session to questions.
I will now turn the call over to Jim Jaye.
Jim Jaye
Thank you, and good morning. Sherwin-Williams delivered a strong quarter, driven by continued execution continued execution of our strategy and with little help from what continues to be an uneven global macroeconomic environment. Led by Paint Stores Group, consolidated sales were within our guided range, gross margin expanded and diluted earnings per share and EBITDA grew by double-digit percentages. Margin improved sequentially and year-over-year in all three reportable segments.