Shares of Sherwin-Williams Co (NYSE:SHW) climbed 3.25% in premarket trading on Tuesday after the company posted stronger-than-expected third-quarter earnings, powered by solid growth in its Paint Stores Group and effective cost management across its business units.
The paint manufacturer reported adjusted earnings per share of $3.59, beating Wall Street’s estimate of $3.45. Revenue grew 3.2% year over year to $6.36 billion, above the $6.2 billion consensus forecast, even as the company described the demand backdrop as “a demand environment that remains softer for longer.”
“Sherwin-Williams delivered solid third quarter results, as we continued to execute our strategy,” said Heidi G. Petz, Chair, President and CEO. “Throughout the quarter, we continued to serve our customers, invest for success, control our costs, take advantage of a unique competitive environment, and execute on our enterprise priorities.”
The Paint Stores Group — Sherwin-Williams’ largest business segment — led the quarter’s performance with sales up 5.1% to $3.84 billion. Same-store sales climbed 3.6%, with all professional customer end markets showing growth. Protective and marine coatings posted double-digit gains, while residential repaint and commercial markets grew at a mid-single-digit pace.
The Performance Coatings Group reported a 1.7% increase in sales to $1.75 billion, supported by strength in packaging and automotive refinish. By contrast, the Consumer Brands Group continued to face headwinds, with sales falling 2.6% to $770.1 million due to weak DIY demand in North and Latin America.
For full-year 2025, Sherwin-Williams narrowed its adjusted EPS guidance to a range of $11.25–$11.45, compared with analyst expectations of $11.29. The company anticipates consolidated net sales to rise by a low-single-digit percentage versus 2024.
Sherwin-Williams also highlighted the impact of its recently completed Suvinil acquisition, finalized on October 1. The deal is expected to contribute to a low-single-digit percentage increase in consolidated net sales during the fourth quarter.