Sherwin-Williams Stock Price, News & Analysis

The Sherwin-Williams Company (NYSE: SHW) reported a 9.2% increase in consolidated net sales for Q2 2022, reaching $5.87 billion. However, diluted net income per share fell to $2.21, down 8.7% from the previous year. Adjusted net income per share also decreased to $2.41. The company lowered its FY22 guidance for diluted net income per share to $7.65 - $7.95 and adjusted EPS to $8.50 - $8.80. While demand remained strong in some segments, challenges persisted in the DIY market and Europe, impacting overall sales performance.

The Sherwin-Williams Company (NYSE: SHW) has declared a quarterly dividend of $0.60 per common share. This dividend is set to be paid on September 9, 2022, to shareholders recorded as of August 19, 2022. This announcement reflects Sherwin-Williams' ongoing commitment to returning value to its shareholders.

The Sherwin-Williams Company (NYSE: SHW) will announce its second-quarter financial results for the period ending June 30, 2022, before the market opens on July 27, 2022. A conference call will be held at 11:00 a.m. EDT on the same day to discuss these results and provide an outlook for the third quarter and full year 2022, featuring CEO John Morikis and other executives. Investors can access the press release and financial details on the company's investor relations webpage.

The Sherwin-Williams Company (NYSE: SHW) announced its acquisition of Gross & Perthun GmbH, a German developer and manufacturer of coatings for heavy equipment and transportation. The acquisition involves a business with approximately 100 employees and annual sales of about $50 million. It is expected to close by Q3 2022, enhancing Sherwin-Williams’ Performance Coatings Group and expanding its footprint in Europe. CEO John G. Morikis emphasized the strategic value and synergies anticipated from this acquisition.

The Sherwin-Williams Company (NYSE: SHW) will conduct its Financial Community Presentation on June 8, 2022, at 583 Park Avenue, New York. Key executives, including Chairman John Morikis and COO Heidi Petz, will present at the event starting at 1:30 p.m. ET, followed by a Q&A session. Interested participants can register online. The event will also be webcast, allowing broader access to stakeholders.

The Sherwin-Williams Foundation has teamed up with the Urban League of Greater Cleveland to launch the Construction Accelerator Program (CAP), aimed at boosting minority-owned businesses in Northeast Ohio's construction sector. The initiative will provide eligible businesses with access to capital, mentorship, and training, enhancing their capabilities for growth. Sherwin-Williams is committing a minimum of $600 million to its global headquarters project, aligning with its economic inclusion objectives. This partnership seeks to break down barriers and create sustainable opportunities in the construction industry.

The Sherwin-Williams Company (NYSE: SHW) reported Q1 2022 results with a 7.4% increase in consolidated net sales to $5.00 billion. However, diluted net income per share fell to $1.41, down from $1.51 year-over-year. Adjusted diluted net income also decreased to $1.61 from $2.06. The company reaffirmed its full-year diluted EPS guidance of $8.40 to $8.80 and adjusted EPS of $9.25 to $9.65. Despite challenges from cost inflation and raw material availability, management expressed confidence in future growth.

The Sherwin-Williams Company (NYSE: SHW) has declared a quarterly dividend of $0.60 per common share, scheduled for payment on June 3, 2022. Shareholders on record by May 20, 2022 will receive this dividend. This announcement reflects the company's commitment to return value to its shareholders, maintaining a consistent dividend policy.