Jan. 29 at 5:38 PM
Sherwin-Williams delivered better-than-expected fourth-quarter earnings and revenue, but its results underscored weakening consumer spending. Adjusted earnings reached
$2.23 per share on
$5.6 billion in sales, both topping forecasts. Growth was reported across all segments, including a 25% jump in consumer business sales.
However, consumer growth was largely driven by the acquisition of Brazil’s Suvinil. Excluding this deal, consumer sales would have declined year over year, reflecting ongoing pressure from a weak housing market and high interest rates. DIY demand remains soft, a trend also impacting major home-improvement retailers.
Looking ahead, the company issued cautious guidance. For 2026, Sherwin-Williams expects adjusted earnings of
$11.50 to
$11.90 per share, below analyst expectations, and anticipates only low-to-mid single-digit sales growth. Management expects weak demand to persist well into the second half of the year.
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