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.
The Sherwin-Williams Company (NYSE: SHW) is a global manufacturer and distributor of paint, coatings and related products, and its news flow reflects activity across professional, industrial, commercial and retail markets. Founded in 1866 and headquartered in Cleveland, Ohio, the company reports under groups such as the Paint Stores Group, Consumer Brands Group and Performance Coatings Group, and regularly issues updates on its financial performance, strategy and brand portfolio.
Investors following SHW news will see quarterly earnings releases and conference call announcements, where Sherwin-Williams discusses consolidated net sales, segment results and guidance for diluted and adjusted diluted net income per share. These updates often highlight trends in professional end markets like protective and marine, residential repaint and commercial, as well as conditions in do‑it‑yourself demand and industrial coatings categories such as packaging and automotive refinish.
Company news also covers strategic transactions and financing. In 2025, Sherwin-Williams announced and then completed the acquisition of Suvinil Coatings S.A., BASF's Brazilian architectural paints business, adding the Suvinil and Glasu! brands to its Consumer Brands Group. Filings and press releases describe related financing steps, including a delayed draw term loan credit agreement, amendments to revolving credit facilities and senior notes offerings.
Other recurring items in SHW news include dividend declarations, details on share repurchases, leadership and governance updates such as the planned transition to a new Chief Financial Officer, and brand and product announcements like the selection of a Color of the Year in collaboration with HGTV HOME by Sherwin-Williams. For readers tracking SHW, this news page aggregates these developments so they can review earnings commentary, capital allocation decisions, acquisitions and brand initiatives in one place.
ResiBrands has announced the first recipients of its Paint It Forward 2025 campaign, a national week of service partnering with Sherwin-Williams (NYSE:SHW). The initiative, scheduled for March 24, 2025, will execute over 100 concurrent makeover projects across the United States.
Key recipients include K9s For Warriors, the nation's largest provider of trained service dogs for military veterans with PTSD, where the project will renovate veteran living quarters at their Ponte Vedra, FL headquarters. Other beneficiaries include Harmony Hills Elementary, Montgomery County Homeless Coalition, Boys and Girls Club of Lake Lanier, Cancer Alliance Network, Rebels in the Garden, and La Petite Academy.
The campaign marks the third annual Paint It Forward prosocial initiative, implemented through ResiBrands' That 1 Painter brand, which is currently the largest painting company in the United States by territory.
Sherwin-Williams (NYSE: SHW) has announced a 10.5% increase in its regular quarterly dividend to $0.79 per common share, up from $0.715 in the same quarter of 2024. The dividend will be payable on March 14, 2025, to shareholders of record on March 3, 2025.
This marks the company's 46th consecutive year of dividend increases, demonstrating a consistent track record of returning value to shareholders.
ResiBrands has announced the launch of 'Paint It Forward', a national day of service through its That 1 Painter franchisees, in partnership with Sherwin-Williams (NYSE: SHW). Set for March 24, 2025, the initiative will deliver over 100 transformational painting projects to deserving families and non-profit organizations across the country.
The program, which is now accepting nominations online, will evaluate candidates based on their unique stories, project scope, and their commitment to community service. Sherwin-Williams will support the initiative by providing painting supplies, aligning with their corporate mission of improving the world through color and protection.
That 1 Painter, founded in 2011 by CEO Steve Montgomery, is currently the largest painting company in the United States by territory and was recently recognized by Entrepreneur Media as one of the 'Top New and Emerging Franchises' in 2024.
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).