Sherwin-Williams falls after Q3 profit miss
SHW•Sherwin-Williams reported Q3 adjusted earnings of $3.63 per share, below analysts’ $3.68 estimate, as higher raw-material and supply-chain costs weighed on gross margin. The company narrowed its full-year adjusted EPS forecast to $11.85-$12.15 from $11.80-$12.20.
1. Q3 earnings miss
Sherwin-Williams shares fell 4.5% to $319.69 in premarket trading after the paintmaker reported Q3 adjusted profit of $3.63 per share, below the $3.68 analyst estimate. Higher raw-material and supply-chain costs weighed on gross margin.
2. Costs and outlook
Selling, general and administrative expenses rose 6% to $2.07 billion, partly due to incremental costs related to the Suvinil acquisition. CEO Heidi Petz said customer sentiment and the leading indicators the company tracks point to muted demand over the remainder of the year and into 2027. Sherwin-Williams narrowed its full-year adjusted profit forecast to $11.85-$12.15 per share from $11.80-$12.20.
