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Jun 30
Sherwin-Williams Q2 2025 Earnings Report
Sherwin-Williams reported slightly higher revenue but lower earnings due to restructuring and building costs.
Key Takeaways
Sherwin-Williams delivered modest revenue growth but saw earnings decline as restructuring and accelerated building expenses weighed on results. Paint Stores Group showed strength, while Consumer Brands Group and Performance Coatings Group faced pressure.
Revenue rose 0.7% to $6.31B, driven by Paint Stores Group.
EPS fell to $3.00, impacted by restructuring and building costs.
Protective and marine coatings demand remained strong, with high-single-digit growth.
Consumer Brands Group faced continued soft DIY demand in North America.
Sherwin-Williams
Sherwin-Williams
Sherwin-Williams Revenue by Segment
Revenue by Segment
Paint Stores Group Revenue
CapyFin.comConsumer Brands Group Revenue
CapyFin.comPerformance Coatings Group Revenue
CapyFin.com Forward Guidance
Sherwin-Williams expects full-year sales to be up or down low-single digits with adjusted EPS between $11.20 and $11.50, reflecting continued soft demand.
Positive Outlook
- Gross margin expanded for the 12th consecutive quarter.
- Protective and marine coatings sales continued to grow strongly.
- Residential repaint demand held up well despite a down market.
- Price realization exceeded expectations.
- Continued investments to capture competitive opportunities.
Challenges Ahead
- Soft demand expected to persist or worsen in the second half of 2025.
- Restructuring actions accelerated due to weaker demand.
- Higher employee-related and building costs pressured earnings.
- Consumer Brands Group sales declined due to weak DIY demand.
- Performance Coatings Group faced declines in most business units.
Revenue & Expenses
Visualization of income flow from segment revenue to net income