Sherwin-Williams Steady Amid Mixed Market Signals
Courtesy of Sherwin-Williams.
The Sherwin-Williams Co. announced its financial results for the first quarter ended March 31, 2025. Consolidated net sales totaled $5.31 billion, a decrease of 1.1% compared to the prior year period, primarily due to unfavorable currency translation and softness in select industrial end markets.
The company reported a 1.5% year-over-year increase in diluted net income per share to $2.00, while adjusted diluted net income per share rose 3.7% to $2.25. Adjusted EBITDA increased 4.6% to $937 million, or 17.7% of net sales.
Paint Stores Group led performance in the quarter, with net sales rising 2.3%, driven by higher pricing and growth in protective and marine coatings, residential repaint, and new residential business. The segment opened 18 new stores and saw a 9.7% increase in segment profit.
The Consumer Brands Group reported a 6% decline in sales due to continued softness in North American DIY demand and currency impacts in Latin America. Performance Coatings Group saw a 4.8% sales decline as gains in packaging were offset by declines in other industrial markets.
“Our first quarter results reflect strong execution in a challenging demand environment,” said Heidi G. Petz, chair, president and CEO. “We remain focused on disciplined cost management, targeted growth investments, and delivering productivity-enhancing solutions to our customers.”
The company reaffirmed its full-year 2025 earnings guidance, projecting diluted net income per share in the range of $10.70 to $11.10 and adjusted diluted net income per share of $11.65 to $12.05.
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