The Sherwin-Williams Company (NYSE:SHW) Q4 2025 Earnings call January 29, 2026 10:00 AM ET Company ParticipantsBen Meisenzahl - VP of Investor RelationsChris Parkinson - Managing DirectorDavid Begleiter - DirectorGarik Shmois - Managing DirectorGreg Melich - Senior Managing DirectorHeidi G. Petz - Chair, President, and CEOJim Jaye - Head of Investor Relations and CommunicationsJohn Roberts - Managing DirectorJosh Spector - Executive Director of Chemicals Equity ResearchKevin McCarthy - PartnerVincent Andrew ...

Key Takeaways PPG Industries reported Q4 adjusted EPS of $1.51, missing estimates, while revenues rose 5% year over year.PPG Industries saw sales beats across segments, helped by higher prices and FX.PPG guided 2026 adjusted EPS of $7.70-$8.10, citing soft global production and mixed regional demand.PPG Industries, Inc. (PPG) reported a fourth-quarter 2025 profit (from continuing operations) of $302 million or $1.34 per share compared with $2 million or a penny per share a year ago.In the fourth quarter, ex ...

Core Viewpoint - PPG Industries reported a revenue of $3.91 billion for Q4 2025, marking a 5% year-over-year increase, but the EPS of $1.51 showed a decline from $1.61 a year ago, indicating mixed performance against market expectations [1]. Financial Performance - Revenue of $3.91 billion exceeded the Zacks Consensus Estimate of $3.74 billion by 4.52% [1]. - EPS of $1.51 was below the consensus estimate of $1.57, resulting in a surprise of -3.82% [1]. - PPG Industries' shares returned +8.1% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3]. Segment Performance - Performance Coatings generated net sales of $1.32 billion, surpassing the four-analyst average estimate of $1.27 billion, with a year-over-year change of +4.8% [4]. - Global Architectural Coatings achieved net sales of $951 million, exceeding the average estimate of $906.28 million [4]. - Industrial Coatings reported net sales of $1.64 billion, slightly above the average estimate of $1.6 billion, with a year-over-year change of +3.5% [4]. - Segment Income for Performance Coatings was $246 million, above the average estimate of $235.86 million [4]. - Segment Income for Global Architectural Coatings reached $137 million, exceeding the average estimate of $124.12 million [4]. - Segment Income for Industrial Coatings was $200 million, below the average estimate of $208.55 million [4].

Axalta Coating Systems (NYSE:AXTA) is one of the best Materials stocks to invest in according to Hedge Funds. On January 7, RBC Capital analyst Arun Viswanathan revised his price target for Axalta Coating Systems (NYSE:AXTA) from $30 to $33, and maintained a Sector Perform rating on the stock. USA Rare Earth (USAR) Jumps 9.7% Ahead of Magnet Facility Operations Nestor Rizhniak/Shutterstock.com Viswanathan’s upward revision in price target comes on the back of S&P’s latest projections for global auto pr ...

Group 1 - PPG Industries, Inc. has partnered with 4PLASTIC to launch an advanced texture refinishing system aimed at enhancing the quality and efficiency of plastic surface restoration in automotive applications [1][8] - The new system combines SEM's expertise in refinish coatings with 4PLASTIC's plastic repair technologies, allowing technicians to replicate OEM textures on various automotive plastic components [1][2] - The system is designed for precision, durability, and ease of application, which reduces labor time and improves finish consistency for body shops and restoration experts [2][3] Group 2 - The product lineup will be supported by specialized tools and equipment to facilitate plastic component repairs, including a tool for pushing out dents and sharpening bodylines on plastic bumpers [3] - The complete offering is now available in both the U.S. and Canadian markets, expanding PPG's reach in the automotive repair sector [3] - PPG's shares have declined by 7.2% over the past year, contrasting with a 0.8% decline in the industry [4]

Core Insights - Axalta Coating Systems has received six Business Intelligence Group Innovation Awards for its commitment to product innovation in sustainability, productivity, and safety [1][3] Group 1: Product Innovations - Axalta's six awarded innovations span across its three business units: Refinish, Mobility Coatings, and Industrial Coatings [3] Refinish - The Spies Hecker Permahyd® Hi-TEC 8260 Premium Waterborne Clearcoat reduces solvent emissions by over 65%, has low odor, and minimizes application defects, helping body shops meet stringent emission regulations [4] Mobility Coatings - The Axalta OEM Low-Bake Integrated Metal Body and Plastics Coatings Technology allows for energy savings of up to 40% and a reduction of CO2 emissions by approximately 343 tons per year in a plant producing 100,000 vehicles annually, alongside potential annual maintenance cost savings of up to $40 million [5] - The Lumeera 3250 Low Bake Clearcoat cures at 80°C, reducing CO2 emissions by at least 20% or about 16 kg CO2 per vehicle, enhancing manufacturing efficiency [6] Industrial Coatings - Alesta® e-PRO FG Black is a flame and heat-resistant coating that enhances safety for electric vehicle battery enclosures by improving flame and smoke containment [7] - Axalta's Total Cabinet Coating Solution features a 100% solids UV-cure roll coat enamel with zero VOCs, improving operational efficiency and supporting sustainability goals [8] - Voltatex® 1255 Electrical Steel Coating enhances high-speed bonding processes for electric motors, resulting in more powerful and efficient e-motors [9]

Core Insights - Axalta Coating Systems has received six Business Intelligence Group Innovation Awards for its commitment to product innovation in sustainability, productivity, and safety [1][3] Product Innovations Refinish - The Spies Hecker Permahyd® Hi-TEC 8260 Premium Waterborne Clearcoat reduces solvent emissions by over 65%, has low odor, and minimizes application defects, helping body shops comply with stringent emission regulations [4] Mobility Coatings - The Axalta OEM Low-Bake Integrated Metal Body and Plastics Coatings Technology allows for simultaneous painting of metal and plastic parts, potentially saving up to 40% in energy and reducing CO2 emissions by approximately 343 tons annually, equivalent to the carbon absorption of 350,000 square meters of pine forest [5] - The Lumeera 3250 Low Bake Clearcoat cures at 80°C, reducing CO2 emissions by at least 20% or about 16 kg CO2 per vehicle, while increasing manufacturing efficiency [6][7] Industrial Coatings - Alesta® e-PRO FG Black is a flame and heat-resistant coating that enhances safety for electric vehicle battery enclosures by improving flame and smoke containment [8] - Axalta's Total Cabinet Coating Solution features a 100% solids UV-cure roll coat enamel with zero VOCs, improving operational efficiency and supporting sustainability goals [9] - The Voltatex® 1255 Electrical Steel Coating enhances high-speed bonding processes for electric motors, resulting in more powerful and efficient e-motors [10]

Core Insights - Axalta Coating Systems has announced its 2026 Global Automotive Color of the Year, named Solar Boost, which is a vibrant orange designed to resonate with modern consumer preferences for expressive colors and finishes [1][3]. Group 1: Color Significance - Vehicle color significantly influences buyers' perceptions regarding safety, sportiness, elegance, and resale value, with over 80% of buyers considering it a key factor in their purchasing decision [3]. - Solar Boost reflects a trend towards individualistic design, appealing particularly to younger and trend-conscious consumers who desire vehicles that express personal identity [3][4]. Group 2: Global Color Trends - Orange is emerging as a globally significant color, symbolizing warmth and optimism in North America, vibrancy in Latin America, and individuality in the Asia Pacific region, particularly in the context of electric vehicles [4]. - The color Solar Boost captures a shared sense of positivity and momentum, making it a powerful statement for drivers seeking to reflect their individuality and confidence [4]. Group 3: Expertise and Innovation - The development of Solar Boost is based on Axalta's extensive experience in color science, human psychology, and popular culture, ensuring that the color is manufacturable, beautiful, durable, and sustainable [5]. - This marks the 12th year Axalta has recognized an Automotive Color of the Year, showcasing its 160 years of expertise in color design and innovation [5].

Core Insights - Axalta Coating Systems has announced its 2026 Global Automotive Color of the Year, named Solar Boost, which is a vibrant orange tone designed for modern vehicles [1][3] Group 1: Color Significance - Vehicle color significantly influences buyer perception regarding safety, sportiness, elegance, and resale value, with over 80% of buyers considering it a key factor in their purchasing decision [3] - Solar Boost reflects a trend towards individualistic design choices, appealing particularly to younger and trend-conscious consumers who prefer expressive colors over traditional neutrals [3][4] Group 2: Global Color Trends - Orange is emerging as a globally significant color, evoking warmth and optimism in North America, vibrancy in Latin America, and gaining traction in Asia Pacific, especially in electric vehicles [4] - The color Solar Boost captures a shared sense of positivity and individuality, making it a powerful statement for drivers [4] Group 3: Expertise and Innovation - The development of Solar Boost is based on Axalta's extensive experience in color science, human psychology, and popular culture, ensuring the color is manufacturable, beautiful, durable, and sustainable [5] - This marks the 12th year Axalta has recognized an Automotive Color of the Year, showcasing its 160 years of expertise in color design and innovation [5]

Core Viewpoint - RPM International Inc. is a global leader in specialty coatings, sealants, and building materials, with a focus on innovative products and strategic acquisitions to drive growth [1] Financial Performance - On January 8, 2026, RPM reported earnings per share (EPS) of $1.20, missing the estimated $1.41, while revenue was approximately $1.91 billion, slightly below the expected $1.93 billion [2] - RPM anticipates sales growth across its segments, driven by strong demand and recent acquisitions, with MAP 2025 initiatives expected to improve margins and support year-over-year growth in adjusted earnings before interest and taxes (EBIT) [2] - In the previous quarter, RPM's adjusted EPS and net sales exceeded the Zacks Consensus Estimate by 0.5% and 3.4%, respectively, with year-over-year growth of 2.2% and 7.4% [2] - Over the last four quarters, RPM has surpassed analysts' expectations three times, resulting in a negative average surprise of 5.4% [2] Valuation Metrics - RPM has a price-to-earnings (P/E) ratio of approximately 19.16, indicating the price investors are willing to pay for each dollar of earnings [3] - The price-to-sales ratio stands at about 1.70, suggesting the value placed on each dollar of sales [3] - RPM's enterprise value to sales ratio is roughly 1.70, reflecting its total valuation compared to sales [3] - The enterprise value to operating cash flow ratio is around 15.68, showing how RPM's valuation compares to its cash flow from operations [3] - With an earnings yield of approximately 5.22%, RPM offers a return on investment relative to its share price [3] - The debt-to-equity ratio is about 0.11, indicating a relatively low level of debt compared to equity [3] - RPM has a current ratio of approximately 2.22, suggesting strong liquidity and the ability to cover its short-term liabilities [3]