Sherwin-Williams' stock falls as sales fall short of estimates in choppy market

Dow Jones

30 Jan

MW Sherwin-Williams' stock falls as sales fall short of estimates in choppy market

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

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

January 30, 2025 07:07 ET (12:07 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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