Sherwin-Williams Stock Price, News & Analysis

The Sherwin-Williams Company (NYSE: SHW) has signed a purchase agreement with Hempel A/S to divest its Wattyl business in Australia and New Zealand. The transaction involves a business generating approximately $200 million USD in annual revenue and employing 750 staff. Expected to close in Q1 2021, this decision aims to realign company resources towards opportunities with greater growth and returns. Wattyl was acquired in 2017 through Sherwin-Williams' purchase of Valspar, and its performance no longer meets the company's strategic criteria.

The Sherwin-Williams Company (NYSE: SHW) announced a quarterly dividend of $1.65 per share, marking a 23.1% increase from $1.34 in the same quarter of 2020. The dividend will be paid on March 12, 2021, to shareholders of record as of March 1, 2021. Additionally, the Board authorized the repurchase of 15 million shares for treasury, with adjustments following a three-for-one stock split announced on February 3, 2021. This buyback authorization has no expiration date and aims to support general corporate purposes.

The Sherwin-Williams Company (NYSE: SHW) will conduct its annual Financial Community Presentation (FCP) virtually on June 8, 2021, from 9:00 am to 12:00 pm EDT, ensuring health safety amid the COVID-19 pandemic. This year's agenda includes a technology showcase and highlights on environmental, social, and governance (ESG) initiatives. Registration details will be shared closer to the event, with a live audio webcast available on the day. Sherwin-Williams is a leading global manufacturer of paint and coatings, offering sought-after brands through an extensive retail network.

The Sherwin-Williams Company (NYSE: SHW) announced a three-for-one stock split approved by its Board of Directors to enhance stock accessibility for employees and investors. Shareholders on record as of March 23, 2021 will receive two additional shares for each share held, with distribution after market close on March 31, 2021. Post-split trading will commence on April 1, 2021. This decision aims to broaden the investor base and facilitate employee ownership.

For the year ended December 31, 2020, Sherwin-Williams reported record net sales of $18.36 billion, up 2.6%, with fourth-quarter sales at $4.49 billion, a 9.1% increase. Full-year diluted net income per share rose 33.9% to $22.08, excluding acquisition-related costs, adjusted EPS was $24.58. Net operating cash increased 47% to $3.41 billion. The company forecasts 2021 diluted EPS between $23.87 and $24.67, anticipating mid-to-high single-digit sales growth. The Americas Group and Consumer Brands Group showed strong sales, while Performance Coatings Group saw a decline.

The Sherwin-Williams Company (NYSE: SHW) will announce its financial results for the fourth quarter and full year 2020 on January 28, 2021. A press release detailing the company's financial condition, operating segment results, and additional information will be available before market opening. Additionally, a conference call will be held at 11:00 a.m. EST on the same day, featuring comments from Chairman and CEO John Morikis and other executives. The call will be webcast live.

Sherwin-Williams reported a 5.2% increase in consolidated net sales for Q3 2020, totaling $5.12 billion. The diluted net income per share rose to $7.66 from $6.16 in Q3 2019, with adjusted earnings reaching $8.29 per share. EBITDA also increased to $1.11 billion (21.6% of sales). Notably, the company raised its FY20 diluted net income per share guidance to $21.49 to $21.79 per share. Strong cash flow generation was highlighted with $2.56 billion in net operating cash year-to-date, and ongoing strategic investments were made alongside shareholder returns of over $500 million.

The Sherwin-Williams Company (NYSE: SHW) has declared a regular quarterly dividend of $1.34 per common share, payable on December 4, 2020. Shareholders of record as of November 13, 2020 will receive this dividend.

This announcement underscores the company's commitment to returning value to its shareholders, reflecting confidence in its ongoing financial performance.

The Sherwin-Williams Company (NYSE: SHW) is set to announce its third-quarter financial results on October 27, 2020, prior to market opening. The release will provide insights into the company's financial health and performance across its operating segments. Following the announcement, a conference call is scheduled for 11:00 a.m. EDT on the same day to discuss the results and the outlook for the fourth quarter and full year. Participants will include Chairman and CEO John Morikis and other senior executives.