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Sherwin-Williams lowers 2025 earnings and sales growth forecasts due to weak demand and rising costs.
Sherwin-Williams, a major paint and coatings company, has lowered its full-year 2025 earnings and sales growth projections due to weak demand and rising costs.
The company now expects earnings per share of $10.11 to $10.41 and adjusted earnings of $11.20 to $11.50, down from previous forecasts.
Despite meeting Q2 revenue expectations with $6.31 billion in sales, the company's profit fell short of analysts' expectations, causing its stock price to drop.
Sherwin-Williams also announced a quarterly dividend of $0.79.
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Sherwin-Williams baja las previsiones de ganancias y crecimiento de ventas para 2025 debido a la débil demanda y al aumento de los costos.