Sherwin-Williams Raises Outlook, Plans 8% Price Hike After Q2 Beat
SHW sits 22% above its 52-week low of $289.86.
Summary
Sherwin-Williams delivered a strong Q2 beat and raised its full-year guidance, sending shares up 8.3%. Revenue rose 7.5% to $6.79B, above the $6.6B consensus, and adjusted EPS of $3.70 topped estimates by $0.18. The company now sees full-year sales growth in the mid- to high-single-digit percent range, up from low- to mid-single-digit, and lifted adjusted EPS guidance to $11.80-$12.20 from $11.50-$11.90. An 8% price increase effective Sept. 1 aims to offset raw material inflation, while cost-cutting is on track to remove $17M in annual costs. Professional demand from data centers and semiconductor infrastructure remains a bright spot, offsetting residential weakness. This follows the earlier Q2 beat report but adds concrete pricing and cost actions, plus the raised outlook, making it a material positive update.
At the time of this announcement, SHW was trading at $353.59 on NYSE in the Manufacturing sector, with a market capitalization of approximately $87.2B. The 52-week trading range was $289.86 to $379.65. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.