How did Sherwin-Williams' revenue and expenses trend in Q4 2024?

Sherwin-Williams' revenue and expenses in Q4 2024 showed a flat to low-single-digit increase in sales, with gross margin at 48.47%: 1. **Revenue Trend**: The company's total revenue for Q4 2024, was $5.3 billion. This represents a slight increase from the previous quarter's revenue of $6.16 billion reported in Q3 2024, which had a year-over-year change of +0.8%. The recent quarter's revenue was also higher than the $5 billion reported for Q2 2024. 2. **Gross Margin**: The gross margin for Q4 2024, was 48.47%, indicating that the company retained 48.47% of its sales as gross profit after fulfilling its cost obligations. This is a standard metric used to assess a company's profitability and efficiency in generating income from its core operations. 3. **Expenses Trend**: The Selling, General, and Administrative (SG&A) expenses for Q4 2024, were $1.88 billion. This represents a significant expense in the quarter, which is essential for managing operational costs and maintaining profitability. The R&D expenses for the same period were not provided, making it difficult to assess the specific allocation of expenses towards innovation and development. |code|Ticker|Name|Date|Selling, General, and Administrative Expenses|R&D Expenses|Gross Profit|Total Revenue|market_code| |---|---|---|---|---|---|---|---|---| |SHW|SHW.N|The Sherwin-Williams|2023 Q4|1.8831E9||2.5487E9|5.2522E9|169| |SHW|SHW.N|The Sherwin-Williams|2024 Q1|1.7998E9||2.531E9|5.3673E9|169| |SHW|SHW.N|The Sherwin-Williams|2024 Q2|1.8457E9||3.0634E9|6.2715E9|169| |SHW|SHW.N|The Sherwin-Williams|2024 Q3|1.8937E9||3.0275E9|6.1625E9|169| In conclusion, Sherwin-Williams experienced a slight increase in revenue for Q4 2024, with gross margin remaining stable at 48.47%. The SG&A expenses were substantial, indicating the company's focus on managing operational costs to maintain profitability. The lack of R&D expense data prevents a comprehensive analysis of the company's investment in innovation, which may impact its long-term growth and competitiveness in the market.