Sherwin-Williams beats Q1 earnings and sales forecasts despite weak demand outlook
Updated
Updated · Barron's · Apr 28
Sherwin-Williams beats Q1 earnings and sales forecasts despite weak demand outlook
11 articles · Updated · Barron's · Apr 28
The company reported adjusted earnings of $2.35 per share and sales of $5.67 billion, both surpassing analyst expectations, with shares rising 3.4% in premarket trading.
Management warned that demand from do-it-yourself customers remains sluggish due to high mortgage rates and a slow housing market, and signaled potential further price hikes amid inflation and energy cost pressures.
Sherwin-Williams expects little to no recovery in most end markets this year and targets mid-single digit sales growth for Q2, as the stock continues to lag the broader market since last year’s Barron’s recommendation.
Can strong industrial demand shield Sherwin-Williams from rising costs and a DIY slump?
Is an acquisition masking underlying weakness in Sherwin-Williams' consumer brands?
How vulnerable is Sherwin-Williams' global supply chain to geopolitical shocks?
Will new AI data centers become the next major growth driver for coatings?
Will a 7% price hike alienate contractors or solidify market power?
Are analyst downgrades and insider sales a major warning sign for investors?