Overview
- Sherwin-Williams, which reported Tuesday, posted adjusted earnings of $2.35 per share and $5.66 billion in sales, topping LSEG estimates on both metrics.
- Executives projected mid-single-digit sales growth for the second quarter driven by selective price increases and recent acquisitions such as Suvinil, with full-year EPS guidance unchanged.
- Management is rolling out targeted price increases by end market and region to protect margins as Middle East supply disruptions push up raw material, energy, and logistics costs.
- Performance was uneven by segment, with consumer brands up 19.2% on contributions from the Suvinil deal and Europe, while paint stores rose 3.7% helped by higher prices.
- Petz warned that demand will likely stay soft through 2026, citing weak DIY activity tied to high mortgage rates and a slow housing market.