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 ...

Core Insights - Sherwin-Williams reported third-quarter results that fell short of analyst expectations, leading to a decline in share prices [1][2] - The company experienced year-over-year growth in sales and profits, but the growth was less than anticipated [1] - CEO Heidi Petz highlighted ongoing "choppiness" and "softness" in demand for paint products, particularly in the North American DIY market [2] Financial Performance - Total sales for the quarter reached $6.16 billion, representing an increase of less than 1% year-over-year, but missing estimates of $6.22 billion [1] - Profits rose over 5% to $806.2 million, yet fell short of the consensus estimate of $873.54 million [1] - The company affirmed its full-year outlook, projecting a flat to low single-digit increase in net sales and earnings per share (EPS) between $10.30 to $10.60 [2] Market Reaction - Following the earnings report, Sherwin-Williams shares dropped nearly 3% at market open, although the stock has gained approximately 19% since the beginning of the year [2]

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 ...

Sherwin-Williams (SHW) came out with quarterly earnings of $3.37 per share, missing the Zacks Consensus Estimate of $3.56 per share. This compares to earnings of $3.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.34%. A quarter ago, it was expected that this paint and coatings maker would post earnings of $3.51 per share when it actually produced earnings of $3.70, delivering a surprise of 5.41%.Over the last four quarte ...

Exhibit 99.1 NEWS | --- | --- | --- | |------------------------------|---------------------------------------------------------------------------|------------| | | | | | | | | | | Cleveland, Ohio | (216) 566- | | The Sherwin-Williams Company | • 44115 | • 2000 | | | The Sherwin-Williams Company Reports 2024 Third Quarter Financial Results | | CLEVELAND, October 22, 2024 - The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the third quarter ended September 30, 2024. All comparisons ...

Consolidated net sales increased 0.7% in the quarter to $6.16 billionNet sales from stores in the Paint Stores Group open more than twelve calendar months increased 2.2% in the quarterDiluted net income per share increased 7.8% to $3.18 per share in the quarter compared to $2.95 per share in the third quarter 2023Adjusted diluted net income per share increased 5.3% to $3.37 per share in the quarter compared to $3.20 per share in the third quarter 2023Earnings Before Interest, Taxes, Depreciation and Amortiz ...

The Sherwin-Williams Company (SHW) is scheduled to release third-quarter 2024 results before the opening bell on Oct. 22.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missing once, with the average surprise being 4.5%.Sherwin-Williams' shares have gained 62.7% in the past year compared with the industry’s rise of 7.3%.Image Source: Zacks Investment ResearchWhat Do SHW’s Estimates Sa ...