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Sherwin-Williams Stock Slips as 'Continued Softness' in DIY Demand Weighs on Results
SHWSherwin-Williams(SHW) Investopedia·2024-10-22 14:50

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 ...