- Sherwin-Williams narrowed its full-year adjusted EPS forecast to a range of $11.25 to $11.45, slightly tightening the previous range of $11.20 to $11.50.
- The company also adjusted its GAAP EPS forecast to a range of $10.16 to $10.36, refining the previous outlook of $10.11 to $10.41.
- In the third quarter, Sherwin-Williams reported adjusted EPS of $3.59, surpassing the market estimate of $3.44.
- Net sales for the third quarter reached $6.36 billion, exceeding the projected $6.2 billion.
- The Paint Stores Group achieved net sales of $3.84 billion, beating the $3.72 billion estimate.
- The Consumer Brands Group reported net sales of $770.1 million, higher than the estimated $743.4 million.
- Performance Coatings Group net sales were $1.75 billion, slightly above the $1.73 billion forecast.
- The Consumer Brands Group recorded a profit of $157.3 million, surpassing the $140.9 million estimate.
- Performance Coatings Group achieved a profit of $240.3 million.
- Capital expenditure for the quarter was $196.4 million, compared to the expected $191.1 million.
- Analyst recommendations for Sherwin-Williams include 16 buys, 10 holds, and 2 sells.
Sherwin Williams Co on Smartkarma
Analysts from Baptista Research on Smartkarma are closely monitoring Sherwin-Williams Co, delving into various aspects of the company’s performance and strategic direction.
In their recent reports, the analysts discuss Sherwin-Williams’ resilience in the face of economic challenges, highlighting the company’s mixed financial performance and its efforts to maintain strategic focus amidst market turbulence. Despite facing near-term hurdles, such as declining segments, the company managed to meet its sales targets, particularly boosted by growth in the Paint Stores Group.
A look at Sherwin Williams Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Sherwin Williams Co has a mixed long-term outlook. The company scores moderately in value and dividend factors, indicating some room for improvement in these areas. However, Sherwin Williams Co receives higher scores in growth, resilience, and momentum, highlighting strong potential for future expansion and stability.
The Sherwin Williams Company is a leading manufacturer, distributor, and seller of paints, coatings, and related products. With a strong presence in North and South America, as well as operations in the Caribbean region, Europe, and Asia, Sherwin Williams Co serves a diverse customer base including professional, industrial, commercial, and retail clients. The company’s Smartkarma Smart Scores suggest a favorable outlook for growth, resilience, and momentum, positioning Sherwin Williams Co for continued success in the global market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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