Industrial paintmaker Sherwin-Williams profit misses estimates on weak demand [Yahoo! Finance Canada]
Sherwin-Williams Company (The) (SHW)
Last sherwin-williams company (the) earnings: 4/29 07:00 am
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Source: Yahoo! Finance Canada
Shares of the company were 7.61% lower in premarket trading.The firm expects fourth-quarter net sales to be flat to up in the low single-digit percentages, against the backdrop of potential shutdowns by industrial customers during the holiday season. WHY IT'S IMPORTANTU.S. automakers reported a fall in third-quarter sales due to fewer selling days and weaker consumer spending amid inflationary challenges and higher interest rates, weighing on demand for coatings and furnishings materials. Sales of new U.S. single family homes also fell in August and could recover in the coming months as declining mortgage rates and house prices stimulate demand. CONTEXTThe company, one of the world's largest coating makers, supplies paints, coatings and specialty materials under the brands Valspar, Minwax, Purdy and many more. Last week, industry peer PPG Industries also reported a third-quarter profit miss due to lower sales at its industrial coatings segment. BY THE NUMBERSOhio-based Sherwi
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News
- Why Is Sherwin-Williams (SHW) Up 2.5% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- The Sherwin-Williams Company (NYSE: SHW) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- The Sherwin-Williams Company (NYSE: SHW) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Sherwin-Williams Executive Chairman John Morikis to Retire; President and CEO Heidi Petz Elected ChairPR Newswire
- Middle East Construction Paints Market Size on Track for USD 16.4 billion Milestone by 2034, Growing at a 4.9% CAGR| Exclusive Report by Transparency Market Research Inc. [Yahoo! Finance]Yahoo! Finance
SHW
Earnings
- 10/22/24 - Miss
SHW
Sec Filings
- 11/20/24 - Form 4
- 11/18/24 - Form 144
- 11/18/24 - Form 8-K
- SHW's page on the SEC website