Welcome to our dedicated page for Sherwin-Williams news (Ticker: SHW), a resource for investors and traders seeking the latest updates and insights on Sherwin-Williams stock.
Sherwin-Williams (SHW) maintains its leadership in paints and coatings through continuous innovation across architectural, industrial, and consumer markets. This news hub provides investors and professionals with essential updates on corporate developments, financial performance, and market strategies.
Access real-time press releases covering earnings disclosures, product innovations, sustainability initiatives, and strategic partnerships. Our curated collection includes analysis of regulatory changes impacting the coatings industry and SHW's responses to raw material market fluctuations.
Key focus areas include technological advancements in water-based coatings, expansion of professional painter support programs, and global supply chain developments. Bookmark this page for immediate access to SHW's latest corporate communications, including SEC filings and leadership updates.
Sherwin-Williams (NYSE: SHW) has announced a definitive agreement to acquire BASF's Brazilian architectural paints business (Suvinil) for $1.15 billion in an all-cash transaction. The acquisition targets a business with annual sales of approximately $525 million for 2024, including the well-known Suvinil and Glasu! brands.
The acquired business employs around 1,000 people and operates two strategic production facilities in Brazil's Northeast and Southeast regions. The transaction will be financed through a combination of cash, existing facilities, and new debt, with the purchase price representing a low teens EBITDA multiple after anticipated synergies.
The deal is expected to close in the second half of 2025, subject to Brazilian regulatory approval. Upon completion, Suvinil will be integrated into Sherwin-Williams Consumer Brands Group, with a focus on customer experience and employee opportunities.
Sherwin-Williams (NYSE: SHW) reported strong financial results for Q4 and full-year 2024. The company achieved record consolidated net sales of $23.10 billion for the year, with same-store sales in Paint Stores Group increasing 1.7%. Diluted net income per share rose 14.1% to $10.55, while adjusted diluted EPS grew 9.5% to $11.33.
Q4 performance showed consolidated net sales increase of 0.9% to $5.30 billion, with diluted EPS up 36.7% to $1.90. The Paint Stores Group led growth with a 3.4% sales increase, while Consumer Brands and Performance Coatings Groups experienced decreases. The company generated strong operating cash of $3.15 billion and returned $2.46 billion to shareholders through dividends and share repurchases.
For 2025, SHW projects net sales growth in low-single digits and adjusted diluted EPS guidance of $11.65-$12.05, representing 4.6% growth at midpoint. The company expects demand softness to persist in several markets through 2025.
Sherwin-Williams (NYSE: SHW) has announced it will release its fourth quarter and full year 2024 financial results before market open on January 30, 2025. The company will host a conference call at 10:00 a.m. EST on the same day to discuss the results and provide outlook for Q1 and full year 2025. President and CEO Heidi Petz will participate in the call along with other senior executives. The conference call will be available as a webcast in listen-only mode on the company's investor relations website, with an archived replay accessible approximately two hours after the call concludes.
Nordson (NASDAQ: NDSN) has appointed Maria Spangler as director of Nordson Foundation and Community Relations, effective Dec. 2, 2024. She succeeds Cecilia Render, who will retire on Dec. 31, 2024. Spangler brings over 15 years of experience from Sherwin-Williams, where she most recently served as director of community engagement. In her previous role, she led community engagement strategy and corporate giving programs. The appointment reinforces Nordson's commitment to community investment through their Nordson Impact philanthropy initiative.
Sherwin-Williams announced that Executive Chairman John G. Morikis will retire on December 31, 2024, after 40 years with the company. He will remain on the Board until April 2025. The Board has elected current President and CEO Heidi G. Petz to assume the additional role of Chair effective January 1, 2025.
Petz joined Sherwin-Williams through the Valspar acquisition in 2017 and has held various leadership positions including President of Consumer Brands Group and The Americas Group. The Board believes this unified leadership structure, with Petz serving as both CEO and Chair, will provide the most efficient and effective model for the company.
Sherwin-Williams (NYSE: SHW) reported its Q3 2024 financial results, showing a 0.7% increase in consolidated net sales to $6.16 billion. The company's diluted net income per share rose 7.8% to $3.18, while adjusted diluted net income per share increased 5.3% to $3.37. EBITDA grew 1.2% to $1.28 billion, representing 20.8% of net sales.
The Paint Stores Group saw a 3.2% increase in net sales, driven by low-single digit sales volume growth and higher selling prices. The Consumer Brands Group experienced a 7.5% decrease in net sales due to soft DIY demand in North America. The Performance Coatings Group's net sales remained relatively flat.
Sherwin-Williams reaffirmed its full-year 2024 guidance, expecting diluted net income per share between $10.30 and $10.60, and adjusted diluted net income per share between $11.10 and $11.40. The company anticipates Q4 2024 consolidated net sales to be flat to up a low-single digit percentage compared to Q4 2023.
Sherwin-Williams (NYSE: SHW) has announced a regular quarterly dividend of $0.715 per common share. The dividend will be payable on December 6, 2024, to shareholders of record on November 15, 2024. This announcement was made by the company's Board of Directors on October 16, 2024.
The press release provides contact information for Investor Relations and Media representatives, including Jim Jaye (Senior Vice President, Investor Relations & Corporate Communications), Eric Swanson (Vice President, Investor Relations), and Julie Young (Vice President, Global Corporate Communications).
Sherwin-Williams (NYSE: SHW) has announced it will release its third quarter 2024 financial results on October 22, 2024, before the market opens. The company will host a conference call at 10:00 a.m. EDT on the same day to discuss the results and provide outlook for Q4 and full year 2024. Heidi Petz, President and CEO, along with other senior executives, will participate in the call.
The conference call will be webcast live and available for replay on the Sherwin-Williams investor relations website. Detailed financial information, including reportable segment results, will be accessible through a press release link on the company's website.
Sherwin-Williams (NYSE: SHW) has announced its upcoming Financial Community Presentation scheduled for August 29, 2024, in Boston, MA. The event will take place at the State Room, starting at 1:30 p.m. ET. Key presenters include President and CEO Heidi G. Petz and CFO Allen J. Mistysyn, along with other senior leaders.
The presentation will be webcast live with accompanying slides, accessible through the Sherwin-Williams investor relations website. In-person attendance is possible by registering online. Following the presentations, there will be a Q&A session and reception. Presentation slides will be made available on the company's website after the event concludes.
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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