Core Viewpoint - Sherwin-Williams reported mixed financial results for Q3 2024, with earnings per share increasing but revenues falling short of estimates, leading to a downward trend in estimates for the stock. Financial Performance - Q3 2024 earnings were $3.18 per share, a 7.8% increase from $2.95 in the same quarter last year, but adjusted earnings of $3.37 missed the Zacks Consensus Estimate of $3.56 [2] - Revenues for the quarter were approximately $6.16 billion, up 0.7% year over year, but below the Zacks Consensus Estimate of $6.23 billion [3] Segment Analysis - The Paint Stores Group reported net sales of $3.65 billion, a 3.2% year-over-year increase, but missed the Zacks Consensus Estimate of $3.74 billion [4] - The Consumer Brands Group saw a 7.5% decline in net sales to $790.5 million, exceeding the Zacks Consensus Estimate of $770.8 million, attributed to weaker DIY demand and foreign currency translation impacts [5] - The Performance Coatings Group's net sales decreased by roughly 0.2% year over year to $1.72 billion, missing the Zacks Consensus Estimate of $1.73 billion [6] Cash Flow and Shareholder Returns - For the first nine months of 2024, the company generated $2.22 billion in net operating cash and returned $1.97 billion to shareholders through dividends and share repurchases [7] Future Outlook - The company anticipates flat to low single-digit percentage growth in consolidated net sales for Q4 2024 compared to Q4 2023, with full-year earnings per share expected to range from $10.3 to $10.6 [8] - Full-year 2024 adjusted earnings per share are forecasted to be between $11.10 and $11.40 [8] Estimate Trends - Recent estimates for the stock have trended downward, indicating a shift in expectations [9][11] VGM Scores - Sherwin-Williams holds a Growth Score of B but has a low Momentum Score of D and a Value Score of D, placing it in the bottom 40% for the value investment strategy, resulting in an aggregate VGM Score of C [10]

Leadership Transition - John G. Morikis will retire as Executive Chairman effective December 31, 2024, after a 40-year career with Sherwin-Williams [1] - Heidi G. Petz has been elected to assume the role of Chair of the Board effective January 1, 2025, while she continues as President and CEO [1][2] - The leadership transition is described as a defined and thoughtful process, with the Board believing that having Heidi serve as both CEO and Chair provides unified leadership [3] Company Performance and Future Outlook - Ms. Petz expressed gratitude for Mr. Morikis's leadership, noting that his dedication resulted in strong and sustained performance for the company [2] - The company is positioned well for future growth, building on the foundation laid by Mr. Morikis [4] Company Overview - Sherwin-Williams, founded in 1866, is a global leader in manufacturing, developing, distributing, and selling paint, coatings, and related products [4] - The company operates over 5,000 stores and offers products under well-known brands such as Sherwin-Williams®, Valspar®, and Krylon® [4]

Sherwin-Williams is joining the Dow, but that's not why investors should buy the stock.The stock of coatings and paint supplier Sherwin-Williams (SHW 3.98%) popped Monday morning after news about the company was released late Friday. Shares jumped as much as 7% before paring some of that gain.Still, as of 10:38 a.m. ET, Sherwin-Williams stock was higher by 4%. The move came after news that the well-known company will join the Dow Jones Industrial Average (DJIA) stock index. It will be replacing chemical mak ...

Sherwin-Williams TodaySHWSherwin-Williams$362.72 +1.34 (+0.37%) 52-Week Range$232.06▼$392.57Dividend Yield0.79%P/E Ratio36.97Price Target$390.71Add to WatchlistThe Sherwin-Williams NYSE: SHW Q3 earnings report sparked a knee-jerk reaction in the market, opening a significant opportunity for investors. While the results did not match analysts' and market expectations, the diversified paint and coating business sustained growth and indicated business health will persist in 2025. With shares down 5% and on tra ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------- ...

A tough environment for Sherwin-Williams might mean an opportunity for investors.Shares of paint and coatings supplier Sherwin-Williams (SHW -3.98%) dropped as much as almost 5% after it reported third-quarter earnings today. The company missed Wall Street analyst expectations for both earnings per share and revenue.That not only led to the stock's plunge, but also declines in leading home improvement stocks Home Depot (HD -1.28%) and Lowe's (LOW -1.65%). As of 1:10 p.m. ET, Sherwin-Williams stock was still ...

Key TakeawaysSherwin-Williams shares fell Tuesday after the paint maker posted third-quarter results below what analysts were expecting.Sales and profits grew year-over-year, but not as much as expected.CEO Heidi Petz said the company has seen "continued choppiness" and "softness" in demand for its paint products. Sherwin-Williams (SHW) shares slipped Tuesday morning after the paint manufacturer's third-quarter earnings missed estimates as demand in the do-it-yourself (DIY) painting market slumped. The Clev ...

For the quarter ended September 2024, Sherwin-Williams (SHW) reported revenue of $6.16 billion, up 0.8% over the same period last year. EPS came in at $3.37, compared to $3.20 in the year-ago quarter.The reported revenue represents a surprise of -1.05% over the Zacks Consensus Estimate of $6.23 billion. With the consensus EPS estimate being $3.56, the EPS surprise was -5.34%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

The Sherwin-Williams Company (SHW) logged third-quarter 2024 earnings (as reported) of $3.18 per share, up around 7.8% from $2.95 in the year-ago quarter.Barring one-time items, adjusted earnings in the reported quarter were $3.37 per share, which missed the Zacks Consensus Estimate of $3.56.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Sherwin-Williams posted revenues of $6,162.5 million, up around 0.7% year over year. The figure missed the Zacks Consensus Estimate of $6,227.6 mill ...

I downgraded The Sherwin-Williams Company (NYSE: SHW ) to a “Sell” rating in my previous article, published in July 2024, due to concerns about the stock's hefty price. Since that article, the stock price continued to rise as theAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for ...