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.
The Sherwin-Williams Company (NYSE: SHW) has finalized its acquisition of Sika AG's European industrial coatings business, enhancing its Performance Coatings Group. This strategic move adds approximately 115 employees and expands Sherwin-Williams' manufacturing and service capabilities. The acquired business, based in Germany, generated CHF 75 million (around $82 million) in sales for 2020. Sherwin-Williams aims to leverage unique technologies and synergies to drive growth across Europe and other regions.
The Sherwin-Williams Company (NYSE: SHW) will announce its financial results for Q1 2022 on April 26, 2022, prior to market opening. A conference call will be held at 11:00 a.m. EDT on the same day, featuring insights from CEO John Morikis and senior executives. Investors can access the press release and results via the company's website. The conference call will provide an outlook for Q2 and full year 2022. Archived webcasts will be available shortly after the call.
The Sherwin-Williams Company (NYSE: SHW) has appointed Heidi G. Petz as President and Chief Operating Officer, effective March 1, 2022. Petz, who has been with the company since the Valspar acquisition in June 2017, will oversee all operating segments including The Americas Group and the Performance Coatings Group. Additionally, Justin T. Binns will become President of The Americas Group, and Karl J. Jorgenrud will lead the Performance Coatings Group, both effective the same date. The leadership changes reflect Sherwin-Williams' commitment to management development and succession planning.
The Sherwin-Williams Company (NYSE: SHW) announced a quarterly dividend of $0.60 per share, a 9.1% increase from $0.55 in the same quarter last year. This dividend, reflecting 43 consecutive years of increases, will be paid on March 11, 2022, to shareholders on record as of February 28, 2022. This action reaffirms the company's commitment to returning value to shareholders amidst a competitive market.
The Sherwin-Williams Company (NYSE: SHW) has announced a major expansion of its manufacturing and distribution capabilities in Statesville, North Carolina. The company plans to invest at least $300 million and create over 180 new full-time jobs within three years, effectively doubling its current workforce. The project includes a 36,000-square-foot expansion of the manufacturing facility and the construction of an 800,000-square-foot distribution center. Additionally, Sherwin-Williams will receive around $30 million in incentives from local and state governments.
The Sherwin-Williams Company (NYSE: SHW) reported a record net sales of $19.94 billion for the year ending December 31, 2021, an increase of 8.6% year-over-year. However, diluted net income per share decreased to $6.98 compared to $7.36 in 2020. In Q4, net sales rose 6.1%, while diluted net income per share was $1.15, down from $1.49 in the prior year. The company expects full-year 2022 diluted EPS guidance between $8.40 to $8.80, reflecting a 23.2% increase at the midpoint. Supply chain challenges and raw material costs continued to impact operations.
The Sherwin-Williams Company (NYSE: SHW) reported preliminary unaudited sales and earnings for Q4 and full year 2021. Q4 net sales rose by 6.1% year-over-year to $4.76 billion, while diluted EPS is expected to be around $1.15, lower than prior guidance. For the full year, net sales reached $19.94 billion, with diluted EPS expected at $6.96, a decline from $7.36 in 2020. Adjusted EPS for 2021 stands at $8.15, slightly missing previous guidance. The company anticipates ongoing challenges in raw material availability and labor due to COVID-19, which may persist into Q1 2022.
The Sherwin-Williams Company (NYSE: SHW) will reveal its fourth quarter and full year 2021 financial results on January 27, 2022. A press release detailing the company's financial condition and operating segment results will be available before market open. Additionally, a conference call is scheduled for 11:00 a.m. EST on the same day, featuring CEO John Morikis and other executives. Investors can access the webcast on the company's website and will find a replay available two hours post-call.
The Sherwin-Williams Company (NYSE: SHW) reported its third quarter results for 2021, with a net sales increase of 0.5% to $5.15 billion. However, sales from stores in the U.S. and Canada open for over twelve months decreased by 2.8%. Net income per share fell to $1.88, down 26.3% from the prior year. EBITDA also decreased to $834.2 million, or 16.2% of sales. The company anticipates diluted net income guidance for FY21 in the range of $7.16 to $7.36 per share. Despite challenges from raw material shortages, demand remains strong in key markets.
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