Sherwin-Williams Co

Latest Results (23.10.2025):

The Sherwin-Williams Company reported its financial results for the second quarter of 2025, showcasing a marginal increase in consolidated net sales by 0.7% to $6.31 billion. Despite the sales growth, the company experienced a decline in diluted net income per share by 14.3%, adjusting its full-year guidance to account for restructuring and other expenses amidst a challenging demand environment.

Net Sales Growth

Consolidated net sales for Sherwin-Williams Co. rose by 0.7% to $6.31 billion in the second quarter of 2025 compared to the same period last year. The Paint Stores Group contributed to this growth with a 2.3% increase in net sales, driven by higher selling prices and strong performance in protective and marine sales, as well as residential repainting.

Decline in Net Income

The company's diluted net income per share decreased by 14.3% to $3.00 in the second quarter of 2025, down from $3.50 per share in the second quarter of 2024. Adjusted diluted net income per share also saw an 8.6% reduction, reflecting increased selling, general, and administrative expenses related to restructuring initiatives and higher growth investments.

Segment Performance

While the Paint Stores Group showed strong sales growth, the Consumer Brands Group experienced a 4.1% decline in net sales due to softer DIY demand and unfavorable foreign exchange impacts in Latin America. The Performance Coatings Group maintained flat net sales but faced an 18.7% decrease in segment profit, primarily from increased costs and currency transaction losses.

Shareholder Returns

Sherwin-Williams Co. demonstrated solid cash generation by returning $716 million to shareholders through dividends and share repurchases during the quarter. The company generated $1.05 billion in net operating cash and maintained significant authorization for future stock purchases.

Guidance Update

The company adjusted its full-year 2025 diluted net income per share guidance to a range of $10.11 to $10.41, including acquisition-related amortization and restructuring expenses. This adjustment reflects the ongoing response to a softer demand environment and the acceleration of restructuring actions to mitigate financial pressures.