Sherwin-Williams Stock Price, News & Analysis

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.

The Sherwin-Williams Company (NYSE: SHW) has revised its net sales guidance upwards for Q3 2020, expecting a 3-5% increase compared to Q3 2019. This is a significant change from previous guidance of low-single-digit fluctuations. For the full year, consolidated net sales are anticipated to be flat to slightly up, compared to 2019. Diluted net income per share guidance has also been raised to $20.96-$21.46, up from $19.21-$20.71. The positive outlook is attributed to strong demand in architectural coatings and improved performance in the industrial sector.

Sherwin-Williams Company (NYSE: SHW) has announced key partners for its new global headquarters and R&D center in Cleveland, with a planned investment of at least $600 million. The headquarters will span approximately 1 million square feet, while the R&D center will cover 500,000 square feet. This development is expected to create 400 new jobs, increasing the local workforce by 11%. The timeline for completion has been updated to 2024, shifting from the previously expected late 2023 date.

The Sherwin-Williams Company (NYSE: SHW) reported Q2 2020 net sales of $4.60 billion, a 5.6% decrease largely due to COVID-19 impacts, while year-to-date net sales fell 1.9% to $8.75 billion. Despite the sales decline, diluted EPS rose to $6.48 from $5.03 in Q2 2019. Adjusted EBITDA increased 6.2% to $979 million. The company raised its FY20 diluted EPS guidance to $19.21-$20.71, up from a previous range of $16.46-$18.46. Net operating cash surged 42% to $1.07 billion. The Consumer Brands Group saw a 21.8% sales increase, while the Performance Coatings Group experienced a 16.5% sales drop.

The Sherwin-Williams Company (NYSE: SHW) announced a regular quarterly dividend of $1.34 per common share, payable on September 11, 2020. Shareholders of record as of August 21, 2020 will receive this distribution. This move reflects the company's ongoing commitment to return value to its shareholders despite the economic challenges posed by the pandemic.

The Sherwin-Williams Company (NYSE: SHW) will announce its second quarter financial results on July 28, 2020, before market opening. Investors can access the press release and other financial information on the company's website. A conference call will be held at 11:00 a.m. EDT on the same day, featuring Chairman and CEO John Morikis and senior executives, discussing financial results and the outlook for Q3 and the full year 2020. Details on accessing the webcast are provided in the release.

The Sherwin-Williams Company (NYSE: SHW) has raised its guidance for second quarter 2020 consolidated net sales, now anticipating a mid-single-digit percentage decrease compared to Q2 2019, an improvement from the previous low to mid-teens guidance. The Americas Group expects a high-single-digit decline, better than earlier forecasts. Consumer Brands Group is projected to outperform previous expectations, while Performance Coatings will remain consistent with past guidance. The company credits strong demand in North American architectural businesses and adaptability during the pandemic.