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The Sherwin-Williams Company - SHW STOCK NEWS

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The Sherwin-Williams Company, a global leader in the paint and coatings industry, was founded in 1866 and has its global headquarters in Cleveland, Ohio. The company engages in the development, manufacture, distribution, and sale of paints, coatings, and related products. It serves professional, industrial, commercial, and retail customers across North and South America, Europe, and Asia. Sherwin-Williams operates through three main segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.

The Paint Stores Group is the largest segment, selling Sherwin-Williams branded architectural paints and coatings, industrial and marine products, and original equipment manufacturer product finishes through over 5,000 company-operated stores. This segment targets professional end-users such as contractors and painting professionals.

The Consumer Brands Group distributes branded products through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. Some of its well-known brands include Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson's® WaterSeal®, and Cabot®.

The Performance Coatings Group provides a broad range of highly-engineered solutions for the construction, industrial, packaging, and transportation markets across over 120 countries. The segment covers various applications such as automotive refinishing, protective and marine coatings, and general industrial finishes.

Recently, Sherwin-Williams has reported strong financial performance, with significant sales and margin growth across its segments. The company has been actively involved in strategic acquisitions and divestitures to streamline operations and focus on core growth areas. For instance, it has divested a non-core aerosol business in the U.S. and its China architectural business while acquiring German-based SIC Holding GmbH, enhancing its capabilities in the industrial wood and automotive coatings markets.

In its latest financial results, Sherwin-Williams reported record sales and earnings, with consolidated net sales reaching $23.05 billion and adjusted diluted net income per share increasing by 18.6% to $10.35 per share for the full year 2023. The company also generated strong operating cash flow, returning $2.06 billion to shareholders through dividends and share repurchases.

Looking forward, Sherwin-Williams continues to invest in growth initiatives, including new store openings, customer-focused innovation, and digital technologies, ensuring it remains a market leader. The company has a proven strategy and is well-positioned to navigate the variable demand environment across different regions and end-markets, maintaining its focus on creating shareholder value.

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Sherwin-Williams (NYSE: SHW) reported its Q2 2024 financial results, showing consolidated net sales up 0.5% to $6.27 billion. The company saw diluted net income per share increase 14.0% to $3.50, while adjusted diluted net income per share rose 12.5% to $3.70. EBITDA grew 12.1% to $1.44 billion. The Paint Stores Group led performance with a 3.5% increase in net sales and 6.8% growth in segment profit. Consumer Brands Group sales declined 10.7%, while Performance Coatings Group sales increased slightly by 0.6%. Sherwin-Williams has increased its full-year 2024 guidance, now expecting diluted net income per share between $10.30 and $10.60, and adjusted diluted net income per share ranging from $11.10 to $11.40.

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The Sherwin-Williams Company (NYSE: SHW) has announced a regular quarterly dividend of $0.715 per common share. This dividend will be payable on September 6, 2024, to shareholders of record on August 16, 2024. The announcement was made by the company's Board of Directors on July 17, 2024. This dividend declaration demonstrates Sherwin-Williams' commitment to returning value to its shareholders and may indicate the company's financial stability and confidence in its future performance.

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The Sherwin-Williams Company (NYSE: SHW) will announce its financial results for the second quarter of 2024 on July 23, 2024, before the market opens. The release will include information on the company's financial health and segment performances.

A conference call will follow at 11:00 a.m. EDT, where CEO Heidi Petz and other senior executives will discuss the results and provide outlooks for Q3 and the full year 2024. The webcast of the call will be available on the Sherwin-Williams website, with an archived replay accessible two hours post-call.

Contact information for Investor Relations and Corporate Communications is provided in the release.

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The Sherwin-Williams Company reported its 2024 first-quarter financial results, with consolidated net sales decreasing by 1.4% to $5.37 billion. Diluted net income per share increased by 7.1% to $1.97 per share. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) increased by 2.0% to $896.2 million. The company reaffirmed its full-year 2024 diluted net income per share guidance in the range of $10.05 to $10.55 per share.
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The Sherwin-Williams Company (NYSE: SHW) has declared a regular quarterly dividend of $0.715 per common share, payable on June 7, 2024, to shareholders of record on May 17, 2024.
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Sherwin-Williams (SHW) will announce its first quarter 2024 financial results on April 23, 2024. The press release will include information on the financial condition, reportable segment results, and a conference call with executives discussing the results and outlook for the year.
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The Sherwin-Williams Company (SHW) will host its Financial Community Presentation in Boston, MA on August 29, 2024, featuring key executives like CEO Heidi G. Petz and CFO Allen J. Mistysyn. Registration details will be released later. Contact information for Investor Relations and Media is provided.
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The Sherwin-Williams Company (SHW) announced an 18.2% increase in its quarterly dividend to $0.715 per common share, payable on March 8, 2024. This marks 45 consecutive years of dividend increases.
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Sherwin-Williams (SHW) reported a 4.1% increase in consolidated net sales, reaching a record $23.05 billion for the full year 2023. Diluted net income per share increased 19.8% to $9.25 per share. However, diluted net income per share decreased 6.1% to $1.39 per share in the fourth quarter. The company generated $3.52 billion in net operating cash during the year, enabling it to return $2.06 billion to shareholders through dividends and share repurchases. Full year 2024 diluted net income per share guidance is in the range of $10.05 to $10.55 per share, with adjusted diluted net income per share guidance in the range of $10.85 to $11.35 per share.
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Sherwin-Williams Company (NYSE: SHW) will release Q4 and full year 2023 financial results on January 25, 2024. The press release will include information on the financial condition, reportable segment results, and a conference call with President and CEO, Heidi Petz.
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FAQ

What products does The Sherwin-Williams Company offer?

Sherwin-Williams offers a range of paints, coatings, and related products for professional, industrial, commercial, and retail customers. Its brands include Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, and more.

How does Sherwin-Williams distribute its products?

Sherwin-Williams distributes its products through over 5,000 company-operated stores, leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors.

Where are Sherwin-Williams' headquarters?

The global headquarters of The Sherwin-Williams Company is located in Cleveland, Ohio.

How many segments does Sherwin-Williams operate in?

Sherwin-Williams operates in three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.

What recent acquisitions has Sherwin-Williams made?

Sherwin-Williams has recently acquired German-based SIC Holding GmbH, which includes Oskar Nolte GmbH and Klumpp Coatings GmbH, to enhance its industrial wood and automotive coatings capabilities.

What were Sherwin-Williams' latest financial results?

For the full year 2023, Sherwin-Williams achieved record sales of $23.05 billion with an adjusted diluted net income per share increase of 18.6% to $10.35 per share.

How is Sherwin-Williams performing in its segments?

The Paint Stores Group and Performance Coatings Group showed growth, particularly in protective and marine, commercial, and automotive refinish businesses. The Consumer Brands Group faced challenges in North America DIY demand but saw growth in Latin America and Europe.

What strategic moves have Sherwin-Williams undertaken recently?

Sherwin-Williams has divested its non-core domestic aerosol business and the China architectural business while making acquisitions to strengthen its core product lines.

What is Sherwin-Williams' outlook for 2024?

Sherwin-Williams expects consolidated net sales to grow by a low to mid-single digit percentage for 2024, with projected adjusted diluted net income per share between $10.85 to $11.35.

How is Sherwin-Williams supporting its growth strategy?

Sherwin-Williams is investing in new store openings, customer-focused innovation, and digital technologies to drive above-market growth and sustain its market leadership.

The Sherwin-Williams Company

NYSE:SHW

SHW Rankings

SHW Stock Data

87.13B
253.55M
7.86%
79.52%
1.68%
Paint and Coating Manufacturing
Manufacturing
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United States of America
CLEVELAND