Yahoo Finance

Key Takeaways

• Sherwin-Williams exceeded earnings expectations on higher prices and lower costs, although revenue missed estimates.

• The gains for the paint and coatings manufacturer came from higher sales at its Paint Stores Group.

• Sherwin-Williams shares moved into positive territory for 2025 following the report.

Sherwin-Williams (SHW) shares jumped after the maker of paints and other industrial products exceeded profit estimates on high prices and reduced expenses.

The company posted first-quarter adjusted earnings per share (EPS) of $2.25 on revenue that declined 1% year-over-year to $5.31 billion. Analysts surveyed by Visible Alpha expected $2.16 and $5.39 billion, respectively.

Sherwin-Williams credited the strong profit to "higher selling prices in the Paint Stores Group and effective cost control." Sales at the Paint Stores Group rose 2% to $2.94 billion. Consumer Brands Group sales fell 6% to $762.2 million, and they dropped nearly 5% to $1.60 billion at the Performance Coatings Group.

"In a demand environment that remained choppy as we anticipated, Sherwin-Williams continued to execute our strategy and delivered solid first quarter results driven by gross margin expansion and good cost control," CEO Heidi Petz said.

The company anticipates full-year adjusted EPS in the range of $11.65 to $12.05, with the midpoint matching the Visible Alpha outlook of $11.85.

The news sent shares of Sherwin-Williams up nearly 5% and into positive territory for the year. 

Read the original article on Investopedia