By Denny Jacob
Sherwin-Williams shares rose 3% in premarket trading as key metrics grew within the first quarter despite choppy demand.
Shares were trading around $342. The stock is down 0.3% on the year.
The paint and coatings company on Tuesday posted adjusted earnings per-share of $2.25 in the quarter compared to $2.17 in the prior-year period. Analysts polled by FactSet expected $2.15.
Adjusted earnings before interest, taxes, depreciation and amortization in the quarter grew 4.6% to $937 million, or about 18% of sales.
Chief Executive Heidi Petz said first-quarter gross margin expansion and cost control came even as the demand environment remained choppy.
Sherwin-Williams posted sales of $5.31 billion in the quarter, down from $5.37 billion. Analysts polled by FactSet expected $5.4 billion.
Petz said the company expects sales in the second quarter to be up or down a low-single digit percentage compared to the second quarter of 2024.
"We continue to expect demand softness to persist in several end markets well into the second half of the year," added Petz.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
April 29, 2025 08:12 ET (12:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.