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Mar 31
Sherwin-Williams Q1 2025 Earnings Report
Sherwin-Williams delivered solid results despite a choppy demand environment.
Key Takeaways
Sherwin-Williams posted a slight revenue decline but achieved EPS growth driven by gross margin expansion and strong cost control efforts.
Revenue declined 1.1% year-over-year to $5.31 billion.
Diluted EPS increased 1.5% to $2.00.
Adjusted diluted EPS grew 3.7% to $2.25.
Net income totaled $503.9 million for the quarter.
Sherwin-Williams
Sherwin-Williams
Sherwin-Williams Revenue by Segment
Forward Guidance
Sherwin-Williams reaffirmed full-year 2025 guidance with expectations of low single-digit sales growth and adjusted EPS between $11.65 and $12.05.
Positive Outlook
- Full-year adjusted EPS guidance reaffirmed at $11.65–$12.05.
- Paint Stores Group continues to show strength with new store openings.
- Packaging sales in Performance Coatings Group experienced high-single digit growth.
- Strong share repurchase and dividend growth strategy maintained.
- Solid margin expansion despite demand variability.
Challenges Ahead
- Continued softness expected in several end markets through 2025.
- DIY demand remains weak in Consumer Brands Group.
- Unfavorable currency translation impacts sales.
- Commercial and property maintenance results under pressure.
- Sales declines in industrial businesses outside Packaging.
Revenue & Expenses
Visualization of income flow from segment revenue to net income