Latest news with #paint
Yahoo
an hour ago
- Business
- Yahoo
Why Sherwin-Williams (SHW) Stock Is Falling Today
What Happened? Shares of paint and coating manufacturer Sherwin-Williams (NYSE:SHW) fell 3.3% in the morning session after the company reported its second-quarter financial results and lowered its full-year earnings guidance. The paint and coatings manufacturer missed Wall Street's expectations for second-quarter adjusted earnings per share, reporting $3.38 against an anticipated $3.76 to $3.81. While revenue of $6.31 billion was in line with forecasts, the company's profitability declined. Diluted net income per share fell 14.3% to $3.00 compared to the prior year. Citing a "choppy" and "softer for longer" demand environment, Sherwin-Williams cut its full-year adjusted earnings per share forecast to a range of $11.20 to $11.50, down from a previous, more optimistic outlook. The company noted that it expects demand weakness to persist or even worsen in the second half of the year. Higher-than-expected restructuring costs and expenses related to its new headquarters also impacted the quarter's results. The guidance cut signaled to investors that macroeconomic headwinds are affecting consumer and commercial demand in housing and construction markets. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Sherwin-Williams? Access our full analysis report here, it's free. What Is The Market Telling Us Sherwin-Williams's shares are not very volatile and have only had 4 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 9 months ago when the stock dropped 9% on the news that the company reported underwhelming third-quarter earnings results, with EBITDA and EPS falling short of Wall Street's estimates. Revenue was also underwhelming and came in approximately in line with expectations, as management called out "choppiness in the demand environment." Overall, this was a softer quarter. Sherwin-Williams is down 0.2% since the beginning of the year, and at $332.50 per share, it is trading 16.8% below its 52-week high of $399.71 from November 2024. Investors who bought $1,000 worth of Sherwin-Williams's shares 5 years ago would now be looking at an investment worth $1,594. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Sign in to access your portfolio
Yahoo
6 hours ago
- Business
- Yahoo
Paintmaker Sherwin-Williams cuts 2025 profit forecast on soft demand
(Reuters) -Sherwin-Williams cut full-year adjusted profit forecast and missed second-quarter earnings estimate on Tuesday, hit by soft demand for paint products, sending the company's shares down more than 4% in premarket trading. A sharp drop in new U.S. home sales could weigh on paintmakers by reducing the demand for construction-related coatings, materials and paints. "Demand was softer than anticipated through June, and we do not see catalysts to change that trajectory at this time, causing us to adjust our full-year guidance downward," said Heidi Petz, CEO at Sherwin-Williams — one of the world's largest coating makers. The company expects its 2025 adjusted per-share profit to be between $11.20 and $11.50, compared with its previous forecast of $11.65 to $12.05. Analysts on average estimate $11.88 per share, according to data compiled by LSEG. Sherwin-Williams — which supplies paints, coatings and specialty materials under the brands Valspar, Minwax, Purdy and many more — reported a 4.1% decrease in sales of its consumer brands unit to $809.4 million during the quarter due to soft DIY demand in North America. Net sales in its paint stores segment rose to $3.7 billion from $3.62 billion a year earlier, boosted by higher selling prices. The Ohio-based company posted an adjusted profit of $3.38 per share for the three months ended June 30, while analysts estimated $3.81 per share. Its rival, PPG Industries, is set to report results on July 29. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
6 hours ago
- Business
- Reuters
Paintmaker Sherwin-Williams cuts 2025 profit forecast on soft demand
July 22 (Reuters) - Sherwin-Williams (SHW.N), opens new tab cut full-year adjusted profit forecast and missed second-quarter earnings estimate on Tuesday, hit by soft demand for paint products, sending the company's shares down more than 4% in premarket trading. A sharp drop in new U.S. home sales could weigh on paintmakers by reducing the demand for construction-related coatings, materials and paints. "Demand was softer than anticipated through June, and we do not see catalysts to change that trajectory at this time, causing us to adjust our full-year guidance downward," said Heidi Petz, CEO at Sherwin-Williams — one of the world's largest coating makers. The company expects its 2025 adjusted per-share profit to be between $11.20 and $11.50, compared with its previous forecast of $11.65 to $12.05. Analysts on average estimate $11.88 per share, according to data compiled by LSEG. Sherwin-Williams — which supplies paints, coatings and specialty materials under the brands Valspar, Minwax, Purdy and many more — reported a 4.1% decrease in sales of its consumer brands unit to $809.4 million during the quarter due to soft DIY demand in North America. Net sales in its paint stores segment rose to $3.7 billion from $3.62 billion a year earlier, boosted by higher selling prices. The Ohio-based company posted an adjusted profit of $3.38 per share for the three months ended June 30, while analysts estimated $3.81 per share. Its rival, PPG Industries (PPG.N), opens new tab, is set to report results on July 29.
Wall Street Journal
7 hours ago
- Business
- Wall Street Journal
Sherwin-Williams Revises 2025 Outlook Amid Continued Soft Demand
Sherwin-Williams SHW 0.36%increase; green up pointing triangle revised its outlook for 2025 as soft demand seen in the first half of the year is expected to persist and potentially weaken further in the months ahead. The paint and coatings company now expects sales in the year to be up or down a low-single digit percentage compared with 2024. It had previously forecast sales in 2025 to be up a low-single-digit percentage.
Yahoo
3 days ago
- General
- Yahoo
I Asked 5 Designers the Worst Color to Paint a Kitchen, and They Named Two
The kitchen is one of the most important rooms of the home, so shouldn't it dress the part? Just like any other space, color palette plays a major role in a kitchen's look. After all, the right shades can lay the groundwork for some truly delicious digs. There's an entire rainbow of shades you can add to a kitchen, but I wondered if there's one hue on designers' 'do not paint' list. Well, it's a little more complicated than that. I asked five interior designers about the absolute worst paint color for a kitchen, and turns out they're torn between two shades. Ultimately, it all depends on your interior design style. If you're a maximalist, you probably want a kitchen that features a pop of color. There's no one way to do it. (Bold backsplashes? Statement cabinetry? Artful appliances? Why not all three?) However, if you're going to go big on color with paint, designers are begging you to avoid red. 'We would never paint a kitchen red,' says designer Flynne Nathanson, who co-founded Bay Area-based design firm Refresh Your Space with Patty Hampton. Although Northern California designer Lisa Simopoulos never rules out an entire color family — 'the right shade will always work in the right setting,' she reasons — red isn't exactly on her short list for kitchens either. 'It's a powerful color, and, in the kitchen, it can be overpowering,' Simopoulos explains. 'It's famously used to stimulate appetite — think: fast food branding — but that's not usually the goal in a well-balanced home.' The psychological effects of the color red go beyond a casual case of the munchies. While the fiery tone certainly commands attention, many experts note red is also linked with aggression and extreme caution. Let's be honest — that's not the energy you want when you're making meals. If you're craving the warmth of red without the drama, pink could offer the best of both worlds. (Psst … these pink-to-perfection kitchen ideas prove you don't have to go into full-blown Barbiecore territory.) Alternatively, you can take a cue from Simopoulos by bringing the unexpected red theory to your kitchen. 'If it's something a client has their mind set on, I will guide them toward using it as accents, not the main color,' she says. Of course, many people wouldn't dream of painting their kitchen any bold color, let alone red. But just preferring neutral colors doesn't mean you're totally safe from a kitchen paint faux pas. White, a very popular kitchen paint color, can go very, very wrong in certain cases. 'Stark, cool whites suck the soul out of a kitchen,' says designer Lauren Saab of Saab Studios in Dallas. 'What should be the heart of the home ends up feeling more like a sterile showroom; pretty in photos, but lifeless in reality.' Designers Meredith Still and Kari Ivanitsky, co-founders of The Meredith Project in Santa Barbara, California, agree. 'They can feel cold, uninviting, and, frankly, uninspired,' Still shares. 'These shades lack warmth and originality, and they don't do much to make a kitchen feel like the heart of the home.' If stark white's cold undertone isn't enough to dissuade you, Saab points out that it's not a particularly practical pigment either. '[It] reflects every harsh glare, spotlights every smudge, and amplifies the chill of stainless appliances,' she adds. Instead, if you are looking for something subtle and light, Saab recommends opting for warmer neutrals like greige or a soft clay. 'These colors bring out the depth of surrounding textures and bounce light in a way that feels welcoming and dimensional,' she explains. 'The result is a kitchen that feels quietly expressive, where color adds comfort rather than canceling it out.' Although red and stark white are very different colors, they represent extremes: The former is super-intense, while the latter reads lifeless and bland. While finding a middle ground will make your kitchen easier on the eyes, Ivanitsky says it's crucial to see how your paint color interacts with the rest of the room's details. 'Before landing on a paint color, figure out your metal finishes, countertops, and backsplash materials first — those will inform the overall palette,' she shares. 'Then choose a hue that feels good to you and complements those finishes.' Design Defined Never miss the style inspo and recommendations you crave with Design Defined. Follow along each week as our Home Director Danielle shares the best style advice, latest trends, and popular decor finds you just can't miss. Subscribe to Apartment Therapy! Further Reading We Used Our New 'Room Plan' Tool to Give This Living Room 3 Distinct Styles — See How, Then Try It Yourself The Design Changemakers to Know in 2025 Create Your Own 3D Room Plan with Our New Tool
