Sherwin-Williams Co (The) (SHW) released its first quarter results on Wednesday, April 28, 2021. The company reported net earnings of $0.50 per share for the first quarter ending March 31, 2021. Earnings for this past quarter declined 56 percent compared to the same period a year ago.
The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio. The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
Sherwin-Williams Co's revenue increased 5 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 46.77% for the first quarter compared to the same period in the previous year, and operating margins increased to 15.13% over the same period. Net earnings for past trailing twelve months were $2118.3 million, up 31% from the prior year.
Moving on to the balance sheet, Sherwin-Williams Co’s cash levels jumped 32% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 4.23% this past year. The current ratio for Sherwin-Williams Co now stands at 0.9. The company decreased shares outstanding by 2.76%.
Shares of SHW are currently trading around $268.96. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 40.12 and price to book ratio of 70.92.