SHERWIN WILLIAMS CO SEC 10-Q Report

Sherwin-Williams Co., a leading global manufacturer and distributor of paints, coatings, and related products, has released its Form 10-Q report for the second quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational highlights, reflecting both achievements and challenges faced during the period.

Financial Highlights

Net Sales: $6,314.5 million, increased 0.7% in the quarter compared to the same period in 2024.

Gross Profit: $3,118.3 million, representing 49.4% of Net Sales, up from 48.8% in the same quarter of 2024.

Net Income: $754.7 million, decreased from $889.9 million in the second quarter of 2024.

Diluted Net Income Per Share: $3.00, decreased 14.3% from $3.50 per share in the second quarter of 2024.

Net Sales Year-to-Date: $11,620.2 million, decreased 0.2% compared to the same period in 2024.

Net Income Year-to-Date: $1,258.6 million, decreased from $1,395.1 million in the same period of 2024.

Diluted Net Income Per Share Year-to-Date: $5.00, decreased 8.6% from $5.47 in the same period of 2024.

Business Highlights

Revenue Segments: The Paint Stores Group reported net sales of $3,702.2 million for the quarter, while the Consumer Brands Group and Performance Coatings Group reported $809.4 million and $1,801.1 million, respectively. Intersegment transfers were significant, particularly in the Consumer Brands Group, which had $1,467.8 million in transfers.

Geographical Performance: Approximately 80% of the company's net sales are in the North America region, with less than 10% in the EMEAI region. The remaining global regions account for the residual balance. No single country outside the United States is individually significant.

Sales Units: Net sales from stores in the Paint Stores Group open more than twelve calendar months increased by 0.8% in the quarter and 1.0% in the year-to-date period, indicating stable performance in established locations.

New Production Launches: The company completed the acquisition of a domestic regional floor covering provider and a European coil and industrial coatings company, which are expected to enhance production capabilities within the Paint Stores Group and Performance Coatings Group, respectively.

Future Outlook: The company plans to continue executing its 'Success by Design' strategy, focusing on restructuring actions in response to softer demand. The outlook anticipates potential market deterioration in the second half of 2025, prompting accelerated restructuring efforts.

SEC Filing: SHERWIN WILLIAMS CO [ SHW ] - 10-Q - Jul. 24, 2025