Reported about 12 hours ago
Sherwin-Williams has revised its profit outlook downwards following a disappointing second quarter, where adjusted earnings per share fell 8.6% year-over-year and missed analyst expectations. The company's revenues rose slightly to $6.31 billion, but various segments, including the Performance Coatings and Consumer Brands groups, saw declines due to lower prices and diminished do-it-yourself demand. CEO Heidi Petz indicated that the current challenging market conditions may persist into the latter half of the year.
Source: YAHOO