Sherwin-Williams Co.'s stock $(SHW)$ fell 2.9% early Thursday, after the paints company's fourth-quarter sales fell short of estimates, offsetting a profit beat.
Cleveland-based Sherwin-Williams, which joined the Dow Jones Industrial Average in November, had per-share earnings of $1.90 a share for the quarter, up 36.7% from a year ago. Adjusted for one-time items, EPS came to $2.09, ahead of the $2.06 FactSet consensus.
Sales rose to $5.297 billion from $5.252 billion a year ago, below the $5.319 billion FactSet consensus.
CEO Heidi G. Petz said the number were hit by "continued demand choppiness" in most of the company's end markets.
(This story will be updated shortly)
-Ciara Linnane
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January 30, 2025 07:07 ET (12:07 GMT)
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