The Sherwin-Williams Company (NYSE:SHW) Q4 2023 Earnings Call Transcript

James Jaye: Thank you, Eric.

Operator: You final question for today is coming from Patrick Cunningham with Citi.

Eric Zhang: Hi, this is Eric Zhang on for Patrick. Can you provide an update on contractor backlogs and repair and remodel activity for the quarter? And where do you see levels for both in 2024 relative to 2023? Thank you.

Heidi Petz: I would say they’re normalizing. I don’t have a lot of color. I think as you look at some of the visibility into backlog, it’s not as long as we have with other segments such as commercial. So to Al’s earlier comment, we’ll — like everybody else, we’ll know more in the next quarter or two. But at this point, it’s pretty limited in terms of future visibility. So the base characteristic would be that it’s normalized at the current state.

James Jaye: Thank you, Patrick. Eric, I’m sorry.

Operator: We have reached the end of the question-and-answer session, and I’ll now turn the call over to Jim Jaye for closing remarks.

James Jaye: Well, thank you again, everybody, for joining us today. I hope you heard today that we’re very confident in our strategy, and we’re going to deliver an increased sales and earnings this year even as an environment continues to be choppy. So as always, we’ll be available to answer your questions over the next few days, and thanks for joining us today. Have a great day.

Operator: This concludes today’s conference, and you may disconnect your lines at this time. Thank you for your participation.