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![SHERWIN WILLIAMS CO [SHW] reports annual net loss of $2.4 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FSHW.png&w=1200&q=75)
SHERWIN WILLIAMS CO [SHW] has reported a net loss of $2.4 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $23.1 billion
Based in CLEVELAND, Ohio, SHERWIN WILLIAMS CO operates in the RETAIL sector.
In the annual report for the 12 months ended December 31, 2023, the company reported a net sales revenue of $23.1 billion, showing a growth compared to the previous year's figure of $22.1 billion in the same period in 2022 and $19.9 billion in 2021. This indicates a positive trend in revenue generation over the years.
The cost of goods sold for the current reporting period was $12.3 billion, slightly lower than the previous year's $12.8 billion in 2022 but higher than the 2021 figure of $11.4 billion. This suggests that the company has been able to better manage its cost of goods sold in the current year compared to the previous period.
The gross profit for the company in 2023 was $10.8 billion, displaying an increase from $9.3 billion in 2022 and $8.5 billion in 2021. This indicates improved profitability and operational efficiency over the years.
The net income for the company in the current period stood at $2.4 billion, showing a growth from $2.0 billion in 2022 and $1.9 billion in 2021. This demonstrates an upward trend in the company's overall financial performance and bottom line.
The earnings per share for basic and diluted amounts also exhibited an increase, with the basic earnings per share at $9.35 in 2023 compared to $7.83 in 2022 and $7.10 in 2021. Similarly, the diluted earnings per share were $9.25 in 2023, up from $7.72 in 2022 and $6.98 in 2021.
Overall, the company's financial performance has shown positive growth in revenue, profitability, and earnings per share, indicating solid progress and efficiency in operations over the years.
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