The Sherwin-Williams Company (NYSE:SHW) Q3 2024 Earnings Conference Call October 22, 2024 10:00 AM ET
Company Participants
Jim Jaye - Senior Vice President, Investor Relations & Communications
Heidi Petz - President & Chief Executive Officer
Al Mistysyn - Chief Financial Officer
Conference Call Participants
Vincent Andrews - Morgan Stanley
Chris Parkinson - Wolfe Research
John Roberts - Mizuho
John McNulty - BMO
David Begleiter - Deutsche Bank
Mike Harrison - Seaport Research Partners
Patrick Cunningham - Citi
Greg Melich - Evercore ISI
Aleksey Yefremov - KeyBanc Capital Park Markets
Michael Sison - Wells Fargo
Duffy Fischer - Goldman Sachs
Michael Leithead - Barclays
Ghansham Panjabi - Baird
Kevin McCarthy - Vertical Research Partners
Arun Viswanathan - RBC Capital Markets
Jeff Zekauskas - JPMorgan
Chuck Cerankosky - Northcoast Research
Josh Spector - UBS
Steve Byrne - Bank of America
Adam Baumgarten - Zelman
Garik Shmois - Loop Capital Markets
Eric Bosshard - Cleveland Research Company
Operator
Good morning. Thank you for joining the Sherwin-Williams Company Review of the Third Quarter 2024 Results and our Outlook for the Fourth Quarter and Full Year of 2024. With us on today’s call are Heidi Petz, President and CEO; Al 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 US Federal Securities laws with respect to sales, earnings and other matters. Any forward-looking statements 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 the session to questions.
I will now turn the call over to Jim Jaye.
Jim Jaye
Thank you, and good morning. In our third quarter, characterized by ongoing choppy demand, Sherwin-Williams grew consolidated sales, expanded gross margin and grew diluted earnings per share and EBITDA. Sales in all three segments were within our guidance range. We also returned $631 million to our shareholders in the quarter through dividends and share repurchases.