From Yahoo Finance: 2025-04-29 11:04:00

Sherwin-Williams exceeded earnings expectations with higher prices and lower costs, despite missing revenue estimates. The company’s Paint Stores Group saw increased sales, leading to a positive outlook for 2025. Shares jumped as profit estimates were surpassed, posting first-quarter adjusted EPS of $2.25 on $5.31 billion in revenue.

The strong profit was attributed to higher selling prices and effective cost control, with sales up 2% in the Paint Stores Group. Despite a 6% drop in Consumer Brands Group sales and a nearly 5% decline in Performance Coatings Group sales, CEO Heidi Petz praised the solid first-quarter results. The company expects full-year adjusted EPS between $11.65 to $12.05, aligning with analyst expectations.

Shares of Sherwin-Williams rose almost 5% following the news, pushing the stock into positive territory for the year. CEO Heidi Petz highlighted gross margin expansion and good cost control as key factors behind the company’s success. Analysts surveyed by Visible Alpha had forecasted lower earnings per share and revenue.

Read more: Sherwin-Williams Stock Rises as Firm Benefits From Higher Prices, Lower Costs