Sherwin-Williams (SHW) exceeded second-quarter analyst expectations for both revenue and profit.
The company reported Q2 revenue of $6.79 billion. This represents a 7.5% increase year-over-year. The result surpassed Wall Street estimates of $6.6 billion. Adjusted earnings per share reached $3.70. This beat the consensus forecast of $3.52.
CEO Heidi Petz raised full-year guidance, citing successful pricing actions and market share gains. The company now expects adjusted earnings between $11.80 and $12.20 per share. Sherwin-Williams also increased its sales outlook to mid- to high-single-digit percentage growth for the year.
Shares of Sherwin-Williams climbed 5.6% in pre-market trading following the announcement. The company noted resilient demand despite ongoing global uncertainty.