The Sherwin-Williams Company's Stock Analysis

Sherwin-Williams Extends Credit Agreement Maturity to 2030

On November 5, 2025, Sherwin-Williams entered into Amendment No. 21 to its Credit Agreement with Citicorp USA, Inc. This amendment extends the maturity of $125 million in borrowing commitments and letters of credit from December 20, 2025, to December 20, 2030.

The amendment indicates ongoing relationships with lenders, who may continue to provide various financial services to Sherwin-Williams and its subsidiaries. The details of Amendment No. 21 are documented in the company’s filings, which include information on the terms of the credit agreement.

Nov 05, 2025 10:34:02

Sherwin-Williams Announces New CFO Benjamin E. Meisenzahl

Allen J. Mistysyn, the current Senior Vice President – Finance and Chief Financial Officer of Sherwin-Williams, will retire effective December 31, 2025. Following his retirement, Benjamin E. Meisenzahl will take over the role of SVP – Finance and CFO starting January 1, 2026. Meisenzahl has been with Sherwin-Williams for 22 years and has held various financial leadership positions, most recently serving as Senior Vice President – Finance. His annual base salary will be $800,000, with additional participation in the company’s incentive compensation program.

The transition to Meisenzahl is part of a planned succession strategy aimed at ensuring continuity in leadership and financial management. The company highlighted Mistysyn's contributions during his tenure, noting that the market capitalization of Sherwin-Williams more than tripled under his leadership. The Board of Directors expressed confidence in Meisenzahl's ability to maintain the company's focus on profitable growth and financial excellence as he steps into his new role.

Nov 03, 2025 16:30:21

Sherwin-Williams Reports Third Quarter 2025 Financial Results

The Sherwin-Williams Company reported a 3.2% increase in consolidated net sales for the third quarter of 2025, totaling $6.36 billion. The Paint Stores Group contributed to this growth with a 3.6% rise in same-store sales. Diluted net income per share rose 5.3% to $3.35, while adjusted diluted net income per share increased 6.5% to $3.59. Net income for the quarter was $833.1 million, representing 13.1% of net sales, and adjusted EBITDA also saw a 6.0% increase to $1.36 billion, or 21.4% of net sales. The company returned $864 million to shareholders through dividends and share repurchases during the quarter.

The company has narrowed its full-year 2025 guidance for diluted net income per share to a range of $10.16 to $10.36, which includes certain expenses related to acquisitions and restructuring. Adjusted diluted net income per share is expected to be between $11.25 and $11.45. While the Consumer Brands Group faced challenges due to soft DIY demand, the Performance Coatings Group experienced growth, particularly in packaging and automotive refinish segments. The company maintains remaining authorization to repurchase 30 million shares of common stock.

Oct 28, 2025 07:05:50

Sherwin-Williams Secures $1.15 Billion Acquisition Financing

The Sherwin-Williams Company and its subsidiary, Sherwin-Williams Luxembourg S.à r.l., entered into a 364-day senior unsecured delayed draw Term Loan Credit Agreement, securing $750 million in a US dollar-denominated loan and €250 million in a Euro-denominated loan. This financing was utilized to support the acquisition of Suvinil Coatings S.A., BASF's Brazilian architectural paints business.

On October 1, 2025, Sherwin-Williams do Brasil Indústria e Comércio Ltda., a wholly owned subsidiary of the Company, completed the acquisition of Suvinil Coatings S.A. for $1.15 billion. The purchase includes the Suvinil and Glasu! brands and is subject to customary working capital and post-closing adjustments as outlined in the Purchase Agreement dated February 15, 2025.

Oct 01, 2025 16:25:34

Sherwin-Williams Secures New Credit Agreements and Loan Facilities

On August 8, 2025, The Sherwin-Williams Company amended its existing revolving credit agreement, extending the maturity date to August 8, 2030, and removing certain credit spread adjustments. The amendment also included modifications to the pricing grid and highlighted ongoing relationships with lenders providing various financial services to the company.

Additionally, Sherwin-Williams entered into a new 364-day senior unsecured delayed draw term loan credit agreement, which includes a $750 million USD tranche and a €250 million Euro tranche. This facility will be available for general corporate purposes, with a financial covenant that limits the company's consolidated leverage ratio to 3.75 to 1.00, adjustable under specific conditions following acquisitions. The agreements include standard representations, warranties, and events of default that could impact the company's financial obligations.

Aug 12, 2025 07:30:22

Sherwin-Williams Announces $1.5 Billion Senior Notes Offering

The Sherwin-Williams Company is offering $1.5 billion in aggregate principal amount of senior notes, which includes $500 million of 4.300% notes due in 2028, $500 million of 4.500% notes due in 2030, and $500 million of 5.150% notes due in 2035. This offering is part of a Registration Statement on Form S-3 and involves several underwriting firms including BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities.

Along with the offering, the Company is filing multiple supplemental indentures and an opinion from the law firm Jones Day. These documents are part of the regulatory requirements under the Securities Exchange Act of 1934 and are aimed at ensuring compliance and transparency in the issuance of the senior notes.

Jul 31, 2025 09:45:33

Sherwin-Williams Reports Second Quarter Financial Results for 2025

The Sherwin-Williams Company announced its financial results for the second quarter of 2025, reporting a 0.7% increase in consolidated net sales to $6.31 billion compared to the same period in the previous year. The Paint Stores Group saw a 0.8% increase in net sales from stores open for more than twelve months, while the Consumer Brands Group experienced a decline due to weak DIY demand in North America. Diluted net income per share decreased by 14.3% to $3.00, with adjusted diluted net income per share down 8.6% to $3.38. The company is adjusting its full-year diluted net income per share guidance to a range of $10.11 to $10.41, reflecting ongoing restructuring expenses and amortization costs related to acquisitions.

In terms of segment performance, the Paint Stores Group reported growth in protective and marine sales, while the Consumer Brands Group faced challenges from soft demand and unfavorable foreign exchange impacts. The Performance Coatings Group's sales remained stable, supported by growth in Europe and Asia, although North American sales declined. The company generated $1.05 billion in net operating cash and returned $716 million to shareholders through dividends and share repurchases during the quarter. Sherwin-Williams plans to continue its restructuring initiatives in response to the current market conditions and aims to maintain its competitive position while preparing for future growth.

Jul 22, 2025 07:04:05

Sherwin-Williams Reports Q1 2025 Financial Results and Guidance

The Sherwin-Williams Company reported a 1.1% decrease in consolidated net sales, totaling $5.31 billion for the first quarter of 2025. While net sales from stores in the Paint Stores Group open for more than twelve months increased by 1.2%, the overall decline was influenced by lower sales in the Performance Coatings and Consumer Brands Groups, alongside a negative impact from currency translation. However, diluted net income per share rose by 1.5% to $2.00, and adjusted diluted net income per share increased by 3.7% to $2.25. The company also reported a 4.6% rise in adjusted EBITDA to $937 million, representing 17.7% of net sales. Additionally, Sherwin-Williams invested $351.7 million in share repurchases and raised its dividend by 10.5% during the quarter.

For the full year 2025, Sherwin-Williams reaffirmed its guidance, expecting diluted net income per share to be between $10.70 and $11.10, and adjusted diluted net income per share between $11.65 and $12.05. The company anticipates consolidated net sales for the second quarter to fluctuate by a low-single digit percentage compared to the previous year. CEO Heidi G. Petz noted the ongoing challenges in demand across several markets, but expressed confidence in the company's strategy to navigate these conditions and pursue growth opportunities.

Apr 29, 2025 07:12:45

Company Submits Financial Statements Under Securities Exchange Act

The company has submitted its financial statements and related exhibits as required by the Securities Exchange Act of 1934. This filing includes the necessary signatures, confirming the authenticity and compliance of the report with regulatory standards.

There are no specific financial metrics or changes highlighted in the press release. The focus is primarily on the compliance with reporting requirements rather than any updates on financial performance or company operations.

Mar 10, 2025 11:33:22

Sherwin-Williams Reports $23.10 Billion in Record Net Sales

The Sherwin-Williams Company announced a record consolidated net sales of $23.10 billion for the year 2024, marking a slight increase from the previous year. Diluted net income per share rose 14.1% to $10.55, and the company generated $3.15 billion in net operating cash, returning $2.46 billion to shareholders through dividends and share repurchases. The Paint Stores Group showed growth, with net sales increasing primarily due to higher sales volume and price increases, contributing to an overall positive performance in the architectural business.

However, the company faced challenges, particularly in the Consumer Brands and Performance Coatings Groups, which reported lower sales. Despite a 0.9% increase in fourth-quarter net sales, unfavorable foreign currency translation impacted results, and the Consumer Brands Group experienced a 4.3% decline in net sales. Additionally, the company noted ongoing demand softness in several end markets, indicating potential challenges ahead.

Jan 30, 2025 07:03:54