Why Invest in SHW?
Regulation G Reconciliation
Adjusted EPS
Year Ended
December 31, 2017
Tax
Year Ended
December 31, 2018
Year Ended
December 31, 2019
Tax
Year Ended
December 31, 2020
Tax
Effect (1)
Tax
Pre-Tax
Effect (1)
After-Tax
Pre-Tax
After-Tax
Pre-Tax
After-Tax
Pre-Tax
Effect
(1)
Effect (1)
$ 6.21
$ 3.89
$ 5.50
Year Ended
December 31, 2021
Year Ended
December 31, 2022
After-Tax
Pre-Tax
Effect
Tax
(1)
After-Tax
Pre-Tax
Tax
(1)
Effect
After-Tax
Diluted net income per share from continuing operations
Severance and other
Trademark impairment
Loss on divestiture
Brazil indirect tax credit
California litigation expense
Solar tax credit investment loss
$ 7.36
0.44
0.11
0.33
$ 6.98
$ 7.72
0.18
0.06
0.03
0.01
0.15
0.05
0.41
0.07
0.34
(0.18) (0.06) (0.12)
0.48
0.12
0.36
(0.12)
(0.03) (0.09)
(0.26) 0.26
Pension plan settlement expense
0.13
0.03
0.10
0.12
0.03
0.09
Environmental expense provision
0.58
0.14
0.44
One-time benefit from deferred tax benefits
2.35
(2.35)
Total other adjustments
$
$ 2.35 $ (2.35)
$ 1.19
$ 0.29 $ 0.90
$ 0.26
$ (0.21) $ 0.47
$
$
$
$ 0.41
$ 0.07
$ 0.34
$ 0.24
$ 0.04 $ 0.20
Transaction and integration costs
(2)
0.49
0.20
0.29
0.55
0.03
0.52
Acquisition-related amortization expense
(3)
1.02
0.31
0.71
1.15
0.28
0.87
0.29
1.10
0.06
0.26
0.23
0.84
1.10
0.27
0.83
1.10
0.27
0.83
1.06
0.25
0.81
Inventory accounting change
0.21
0.05
0.16
Total acquisition-related costs
$ 1.72
$ 0.56
$ 1.16
$ 1.70 $ 0.31
$ 1.39
$ 1.39 $ 0.32
$ 1.07
$ 1.10
$ 0.27
$ 0.83
$ 1.10 $ 0.27
$ 0.83
$
1.06 $ 0.25 $ 0.81
Adjusted diluted net income per share
$ 5.02
$ 6.18
$ 7.04
$ 8.19
$ 8.15
$ 8.73
(1) The tax effect is calculated based on the statutory rate and the nature of the item, unless otherwise noted.
(2) Transaction and integration costs consist primarily of professional service expenses, salaries and other employee-related expenses dedicated directly to the integration effort, and severance expense. These costs are included in
Selling, general and administrative and other expenses and Cost of goods sold.
(3) Acquisition-related amortization expense consists primarily of the amortization of intangible assets related to the Valspar acquisition and is included in Amortization.
SHERWIN-WILLIAMS. 34View entire presentation