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.
linkAug 12, 2025 07:30:22
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.
linkJul 31, 2025 09:45:33
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.
linkJul 22, 2025 07:04:05
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.
linkApr 29, 2025 07:12:45
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.
linkMar 10, 2025 11:33:22
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.
linkJan 30, 2025 07:03:54
The company has submitted its financial statements as required by the Securities Exchange Act of 1934, indicating compliance with regulatory obligations. This filing includes various exhibits that provide additional details about the company's financial performance and operations.
The press release does not provide specific financial metrics or performance indicators, leaving out any notable positive or negative points regarding the company's financial health or operational outcomes. There is also no mention of future expectations or strategic initiatives.
linkNov 18, 2024 09:30:59
Sherwin-Williams has announced the retirement of Executive Chairman John Morikis, effective December 31, 2024, after a 40-year career with the company. Heidi Petz, who has been with Sherwin-Williams since the acquisition of Valspar in 2017, will take on the additional role of Chair of the Board starting January 1, 2025. The transition is viewed as a well-planned move to provide unified leadership, with the Board expressing gratitude for Morikis's contributions and the foundation he has built for future growth.
While the leadership change is framed positively, it marks the end of Morikis's long tenure, which could raise concerns among stakeholders about the potential impacts of this transition on company performance. However, the Board's confidence in Petz's experience and capabilities suggests a strategic approach to maintaining stability. The company continues to operate as a global leader in paint and coatings, with a diverse range of products and a strong market presence.
linkNov 14, 2024 16:16:53
Sherwin-Williams achieved a slight increase in net sales of 0.7%, totaling $6.16 billion for the third quarter of 2024. The company reported a 7.8% rise in diluted net income per share, reaching $3.18, which reflects strong performance in their Paint Stores Group, particularly in protective and marine segments. The company also returned $631 million to shareholders through dividends and share repurchases, showcasing robust cash generation despite a challenging market environment.
However, the Consumer Brands Group experienced a notable decline in sales, down 7.5% due to weak demand in the North American DIY market. Additionally, the Performance Coatings Group saw flat sales, impacted by unfavorable foreign currency translation. While the company remains optimistic about future growth and plans to invest in various areas to enhance competitiveness, the overall performance highlights the mixed results across different segments amid ongoing economic challenges.
linkOct 22, 2024 07:07:09
The company has entered into a new credit agreement, which may impact its financial obligations. The report includes various exhibits and is signed by a company official, indicating formal acknowledgment of the information presented.
linkAug 02, 2024 07:30:59