Sherwin-Williams Co.

Earnings Performance and Growth: Sherwin-Williams reported strong fourth-quarter results, with adjusted earnings per share (EPS) increasing 15.5% to $11.33. Full-year consolidated sales grew slightly, attributed to deliberate investments that overcame weaknesses in core accounts. The company generated significant cash flow, totaling $3.2 billion, which constitutes 13.7% of sales.

2025 Outlook: For 2025, Sherwin-Williams anticipates consolidated sales to increase by a low single-digit percentage, with diluted net income per share expected between $10.70 and $11.10, inclusive of acquisition-related costs and restructuring expenses. Adjusted diluted net income per share forecasts a mid-single-digit percentage increase compared to 2024.

Segment Performance Expectations: The paint stores group is expected to lead growth, driven by residential repaint demand. Conversely, consumer brands are projected to face headwinds due to soft DIY demand and unfavorable foreign exchange rates. The performance coatings group may see mixed results, affected by softness in certain divisions despite growth in packaging and coil.