From Barchart: 2025-01-03 08:44:39

1. The Sherwin-Williams Company reported a 12% increase in sales for the second quarter, reaching $4.88 billion, driven by strong demand in the housing and construction markets.
2. Despite the positive sales growth, Sherwin-Williams saw a decrease in net income, falling 3% to $433 million due to rising raw material costs and supply chain challenges.
3. The company’s stock price dropped by 5% in response to the lower-than-expected earnings, but analysts remain optimistic about Sherwin-Williams’ long-term growth prospects in the paint and coatings industry.

Read more at Barchart: Here’s What to Expect From Sherwin-Williams’ Next Earnings Report