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Sherwin-Williams(SHW) - 2025 Q1 - Quarterly Results
2025-04-29 11:12
Exhibit 99.1 NEWS | | | 101 W. Prospect | Cleveland, Ohio | | (216) 566- | | --- | --- | --- | --- | --- | --- | | The Sherwin-Williams Company | • | Avenue | • 44115 | • | 2000 | The Sherwin-Williams Company Reports 2025 First Quarter Financial Results CLEVELAND, April 29, 2025 - The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the first quarter ended March 31, 2025. All comparisons are to the first quarter of the prior year, unless otherwise noted. • Consolidated Net sales decr ...
The Sherwin-Williams Company Reports 2025 First Quarter Financial Results
Prnewswire· 2025-04-29 11:00
Consolidated Net sales decreased primarily due to an approximate 1% impact from unfavorable currency translation. Lower sales in the Performance Coatings and Consumer Brands Groups were partially offset by higher sales in the Paint Stores Group. Income before income taxes increased primarily due to the realization of higher selling prices in the Paint Stores Group and effective cost control, partially offset by lower sales volumes in all segments. Diluted net income per share included a charge of $0.19 per ...
What's in Store for Sherwin-Williams This Earnings Season?
ZACKS· 2025-04-28 13:41
Core Viewpoint - Sherwin-Williams is set to report its first-quarter 2025 results on April 29, with mixed performance in previous quarters and a notable share price increase compared to the industry [1]. Sales Estimates - The Zacks Consensus Estimate for Sherwin-Williams' sales in the upcoming quarter is $5,346.5 million, reflecting a decline of approximately 0.4% year-over-year [2]. - The Consumer Brands Group's estimated net sales are $761.4 million, indicating a year-over-year decrease of 6.1% [2]. - The Performance Coatings Group is expected to report sales of $1,645.9 million, which represents a 2.1% decline compared to the previous year [2]. - The Paint Stores Group is projected to achieve sales of $2,919.9 million, suggesting a 1.6% increase from the year-ago figure [3]. Factors Influencing Performance - Sherwin-Williams has been implementing aggressive cost-reduction strategies, streamlining its supply chain, and enhancing productivity, which are expected to support profit margins in the first quarter [4]. - Price increases and gains from acquisitions are likely to contribute positively to profitability [4]. - However, the Consumer Brands Group may face revenue challenges due to weakness in the DIY market, influenced by inflation and sluggish home sales in North America [5]. - The Performance Coatings Group is also experiencing demand softness in the general industrial sector, particularly in heavy equipment and transportation markets [6]. Earnings Prediction Model - The current model does not predict an earnings beat for Sherwin-Williams this season, as the Earnings ESP is -1.04%, with the Most Accurate Estimate at $2.16 compared to the Zacks Consensus Estimate of $2.18 [8][9]. - Sherwin-Williams holds a Zacks Rank of 3, indicating a hold position [9].
Sherwin-Williams (SHW) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2025-04-24 14:21
Core Viewpoint - Sherwin-Williams is expected to report quarterly earnings of $2.18 per share, reflecting a 0.5% increase year-over-year, with revenues projected at $5.38 billion, a 0.2% increase from the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 1%, indicating analysts' reassessment of their initial forecasts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Net sales- Paint Stores Group' will reach $2.92 billion, a 1.6% increase from the year-ago quarter [5]. - 'Net sales- Consumer Brands Group' is projected at $761.41 million, reflecting a 6.1% decrease year-over-year [5]. - 'Net sales- Performance Coatings Group' is expected to be $1.65 billion, indicating a 2.1% decline from the previous year [5]. Store Metrics - The consensus estimate for 'Net New Stores - Paint Stores Group' is 9, compared to 7 in the same quarter last year [6]. - Analysts forecast the 'Number of Stores - Paint Stores Group' to reach 4,782, up from 4,701 in the same quarter of the previous year [6]. Segment Profit Estimates - 'Segment Profit- Paint Stores Group' is predicted to be $520.36 million, an increase from $493.20 million in the same quarter last year [7]. - 'Adjusted segment profit- Performance Coatings Group (PCG)' is expected to be $283.62 million, slightly down from $286.90 million year-over-year [7]. - 'Adjusted segment profit- Consumer Brands Group (CBG)' is projected at $155.01 million, down from $169.90 million in the previous year [8]. Stock Performance - Sherwin-Williams shares have decreased by 3.8% over the past month, compared to a 5.1% decline in the Zacks S&P 500 composite [9].
Sherwin-Williams: Is This Best-In-Class Company Worth The Premium Right Now?
Seeking Alpha· 2025-04-21 19:11
The Sherwin-Williams Company (NYSE: SHW ) is a supremely well-managed company that operates in the highly fragmented market of selling paint and coatings. As shown in the graph below, it has an incredible history ofI have been investing in the stock market since I was 17 years old, and over the 25+ years since I have learned the joy of compounding, the value of dividend reinvesting, and the principle that patient investing through good times and bad brings the greatest rewards. I believe the key to creating ...
Sherwin-Williams Shareholders Elect New Director
Prnewswire· 2025-04-16 18:00
Core Insights - Sherwin-Williams has appointed Bob Gamgort to its Board of Directors, bringing extensive leadership experience in the consumer products industry [1] - Gamgort's previous roles include Executive Chairman and CEO of Keurig Dr Pepper, and CEO of Pinnacle Foods, indicating a strong background in managing large consumer brands [1][2] - Sherwin-Williams is a global leader in the manufacture and sale of paint and coatings, with a diverse portfolio of well-known brands and a significant retail presence [3] Company Overview - Founded in 1866, Sherwin-Williams specializes in paint, coatings, and related products for various customer segments including professional, industrial, commercial, and retail [3] - The company operates over 5,000 stores and branches, selling products under brands such as Sherwin-Williams®, Valspar®, and Krylon® [3] - Sherwin-Williams Performance Coatings Group offers engineered solutions for construction, industrial, packaging, and transportation markets in over 120 countries [3]
Sherwin-Williams to Announce First Quarter 2025 Financial Results on April 29, 2025
Prnewswire· 2025-04-01 12:00
Financial Results Announcement - The Sherwin-Williams Company will announce its financial results for the first quarter ended March 31, 2025, prior to market open on April 29, 2025 [1] - A copy of the press release and information regarding the company's financial condition and reportable segment results will be available on their website [1] Conference Call Details - The company will host a conference call at 10:00 a.m. EDT on April 29, 2025, to discuss its financial results and outlook for the second quarter and full year 2025 [2] - The call will feature participation from Sherwin-Williams' Chair, President, and CEO, Heidi Petz, along with other senior executives [2] Webcast Information - The conference call will be webcast in listen-only mode, with an archived replay available approximately two hours after the call ends [3]
Why Sherwin-Williams Stock Deserves a Closer Look
The Motley Fool· 2025-03-17 23:00
Core Viewpoint - The article discusses the investment recommendation for Sherwin-Williams by The Motley Fool, highlighting its potential as a strong investment opportunity [1]. Company Summary - Sherwin-Williams is recommended by The Motley Fool, indicating a positive outlook on the company's performance and growth potential [1].
Sherwin-Williams(SHW) - 2024 Q4 - Annual Report
2025-02-20 22:24
Financial Reporting and Internal Controls - The Sherwin-Williams Company reported effective internal control over financial reporting as of December 31, 2024, based on the COSO criteria[263]. - The consolidated financial statements present a fair view of the Company's financial position as of December 31, 2024, 2023, and 2022, in accordance with U.S. GAAP[279]. - The Audit Committee meets quarterly to review the adequacy of financial controls and the effectiveness of internal control over financial reporting[275]. - The independent registered public accounting firm expressed an unqualified opinion on the effectiveness of internal control over financial reporting as of December 31, 2024[263]. - The Company conducted an assessment of internal control effectiveness based on the 2013 Internal Control – Integrated Framework[259]. - The Company has designed safeguards to reduce the risk of material misstatements in financial reporting[258]. Financial Performance - Net sales for the year ended December 31, 2024, were $23,098.5 million, a slight increase from $23,051.9 million in 2023, representing a growth of 0.2%[288]. - Gross profit increased to $11,195.1 million in 2024, up from $10,758.1 million in 2023, reflecting a gross margin of 48.5%, compared to 46.7% in the previous year[288]. - Net income for 2024 was $2,681.4 million, an increase of 12.2% from $2,388.8 million in 2023, with diluted earnings per share rising to $10.55 from $9.25[288]. - Comprehensive income for 2024 was $2,430.5 million, a decrease from $2,465.1 million in 2023, primarily due to foreign currency translation adjustments[291]. - The company reported total assets of $23,632.6 million as of December 31, 2024, an increase from $22,954.4 million in 2023[294]. - Current liabilities increased to $6,808.7 million in 2024, compared to $6,626.9 million in 2023, primarily due to higher short-term borrowings[294]. - The company’s retained earnings grew significantly to $7,246.3 million in 2024, up from $5,288.3 million in 2023, indicating strong profitability retention[294]. Expenses and Cash Flow - Selling, general and administrative expenses were $7,422.1 million in 2024, representing 32.1% of net sales, compared to 30.6% in 2023[288]. - The company’s interest expense was $415.7 million in 2024, slightly down from $417.5 million in 2023, reflecting effective debt management[288]. - Net operating cash for 2024 was $3,153.2 million, down from $3,521.9 million in 2023, reflecting a decrease of 10.4%[297]. - Cash dividends per share increased to $2.86 in 2024 from $2.42 in 2023, marking an 18.2% increase[299]. - The company reported a decrease in cash and cash equivalents at the end of 2024 to $210.4 million from $276.8 million at the end of 2023, a decline of 24.0%[297]. - The company incurred $779.8 million in income taxes paid in 2024, a slight decrease from $816.7 million in 2023[297]. Investments and Acquisitions - The Company signed an agreement to acquire BASF's Brazilian decorative paints business for $1.15 billion, with annual sales of approximately $525 million[347][348]. - The Company completed the acquisition of a metal packaging coatings business for approximately $80 million, recognizing $21.1 million of goodwill and $27.9 million of finite-lived intangibles[350][364]. - The Company finalized the acquisition of SIC Holding for approximately $290 million, resulting in $181.3 million of goodwill and $110.8 million of finite-lived intangibles[352][365]. - The Company expects to finalize the purchase price allocation for the recent acquisitions within the allowable measurement period, with no material impact on consolidated financial results[351]. Liabilities and Debt Management - Long-term debt totaled $9,226.0 million as of December 31, 2024, down from $9,476.7 million in 2023[375]. - The Company repaid $600.0 million of 4.05% senior notes due August 2024 and issued $400.0 million of 4.55% senior notes due 2028[376]. - The Company had unused capacity under its various credit agreements of $3.274 billion as of December 31, 2024[385]. - Domestic commercial paper borrowings increased to $655.6 million in 2024 from $347.7 million in 2023[385]. - The weighted average interest rate for domestic short-term borrowings was 4.7% in 2024, down from 5.5% in 2023[385]. Environmental and Legal Matters - The company is involved in various litigation cases, including lead pigment and lead-based paint litigation, which may have a material impact on its financial condition[428]. - The company is vigorously defending against lead pigment and lead-based paint litigation, expecting additional claims in the future[431]. - The Ohio Supreme Court ruled in favor of the insurers regarding insurance coverage for lead pigment abatement, which may affect the company's financial condition[440]. - The company is currently facing a lawsuit from the New Jersey Department of Environmental Protection seeking recovery for alleged hazardous substance discharges[442]. Employee Benefits and Pension Plans - The Company had 32,283 active employees covered by domestic health care plans in 2024, with benefit costs amounting to $382.6 million, an increase from $363.2 million in 2023[389]. - The annual contribution for the domestic defined contribution pension plan was $103.5 million in 2024, up from $97.8 million in 2023, reflecting a growth of 1.8%[390]. - The domestic defined benefit pension plan was overfunded as of December 31, 2024, with a projected benefit obligation of $95.3 million and fair value of plan assets at $148.7 million, resulting in excess plan assets of $53.4 million[392]. - The Company expects to make benefit payments of $19.2 million in 2025 and a total of $139.2 million from 2030 through 2034 for all defined benefit pension plans[394]. Stock and Shareholder Matters - As of December 31, 2024, the company had 900,000,000 shares of common stock and 30,000,000 shares of serial preferred stock authorized for issuance[444]. - The total dividends declared and paid on common stock in 2024 amounted to $723.4 million, with a cash dividend per share of $2.86[449]. - The company purchased 5,200,000 treasury shares during the year ended December 31, 2024, increasing the total treasury stock to 25,688,335 shares[448]. - The number of shares outstanding decreased to 251,291,100 as of December 31, 2024, down from 254,543,290 in 2023[448].
Sherwin-Williams Declares Dividend of $0.79 per Common Share
Prnewswire· 2025-02-19 18:33
Core Points - The Sherwin-Williams Company announced a quarterly dividend of $0.79 per common share, marking a 10.5% increase from the $0.715 paid in the same quarter of 2024 [1] - This dividend increase follows a remarkable streak of 46 consecutive years of dividend increases [1] - The dividend is payable on March 14, 2025, to shareholders of record on March 3, 2025 [1] Financial Summary - The new dividend amount is $0.79 per share, up from $0.715, reflecting a significant increase [1] - The increase in dividend reflects the company's strong financial performance and commitment to returning value to shareholders [1]