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CLEVELAND - Sherwin-Williams Co. (NYSE:SHW) reported better-than-expected first quarter earnings on Tuesday.
The company’s shares were up 3.86% in premarket trading following the release.
The paint and coatings maker posted adjusted earnings per share of $2.25, beating analyst estimates of $2.20. Revenue came in at $5.31 billion, slightly below expectations of $5.42 billion but down only 1.1% YoY despite challenging market conditions.
Sherwin-Williams reaffirmed its full-year 2025 adjusted EPS guidance of $11.65 to $12.05, above the consensus estimate of $11.88. The company cited gross margin expansion and effective cost control as key drivers of its solid results.
"In a demand environment that remained choppy as we anticipated, Sherwin-Williams continued to execute our strategy and delivered solid first quarter results," said Chair, President and CEO Heidi G. Petz.
Paint Stores Group sales increased 2.3% YoY, led by high single-digit growth in protective and marine coatings. However, Consumer Brands Group sales declined 6% due to soft DIY demand in North America.
The company opened 18 new Paint Stores locations during the quarter as it continues to invest in growth. Sherwin-Williams also returned $552.1 million to shareholders through dividends and share repurchases.
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