By Adriano Marchese
Sherwin-Williams's third quarter profit rose thanks to its paint stores group driving revenue growth.
The manufacturer and distributor of paints and coatings on Tuesday posted a higher net income of $833.1 million, or $3.35 a share, compared with $806.2 million, or $3.18 a share, in the same quarter a year ago.
Adjusted earnings were $3.59 a share. According to FactSet, analysts were expecting $3.44 a share.
Consolidated net sales rose 3.2% to $6.36 billion, topping analyst expectations of a more modest rise to $6.2 billion. The company said that net sales from stores in the Paint Stores Group that have been open more than a full year increased 3.6% in the quarter, thanks to growth across every end market.
The company's Consumer Brands Group, on the other hand, remained challenged, with revenue declining to $770.1 million from $790.5 million.
For the fourth quarter, the company expects net sales to rise by low-to-mid-single digits.
For the full year, the company narrowed its earnings per share guidance to a range of $10.16 to $10.36, and adjusted earnings to be between $11.25 and $11.45. Previously, the company expected EPS of $10.11 and $10.41, and adjusted EPS of $11.20 to $11.50.
Sherwin-Williams said the full-year guidance includes the Suvinil acquisition, which closed on Oct. 1, and which is expected to increase the consolidated net sales by a low-single digit percentage in the fourth quarter.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
October 28, 2025 07:26 ET (11:26 GMT)
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