Sherwin-Williams Co

The global automotive powder coatings market is projected to grow from USD 2.78 billion in 2026 to USD 3.59 billion by 2031, at a CAGR of 5.22% during the forecast period. Growth is driven by increasing vehicle production, rising demand for durable and high-quality surface protection, and growing adoption of low-VOC and environmentally friendly coating technologies. Increasing EV production is also creating new opportunities for powder coatings in battery systems and automotive components. Asia Pacific dominated the market in 2025, accounting for 56.2% of the market, supported by large-scale vehicle manufacturing and established automotive supply chains. Passenger cars accounted for 77.6% of the market in 2025, and thermoset is projected to register the fastest growth among resin types.

Sherwin-Williams' Krylon brand has introduced Krylon Harmony, a new water-based spray paint designed for year-round indoor and outdoor use. The product aims to reduce odor, address flammability concerns, and simplify cleanup, targeting long-standing barriers to spray paint use. Krylon Harmony is positioned for both DIY and professional projects, broadening potential use cases across home, craft, and commercial applications. The launch aligns with growing interest in products that prioritize environmental and user-friendly features within the coatings sector. The critical sign will be how quickly retailers and Sherwin-Williams channels scale Harmony after the planned August 2026 rollout, with management commentary on early sell-through, repeat purchase trends, and any decision to expand the initial 16 SKUs.

The closure of the Strait of Hormuz due to the Iran war is pushing raw material and shipping costs higher, leading many manufacturers to gradually raise prices on goods ranging from beer, house paint, and potato chips to packaging. The Wall Street Journal reports that companies that have announced or are preparing price hikes include Boston Beer Company, Sherwin-Williams, International Paper, and Unilever, aiming to offset rising raw material costs. U.S. crude oil futures traded near 85 dollars per barrel on Friday, up about 25 percent from the start of the war, while the average U.S. gasoline price has risen to about 4.11 dollars per gallon from 2.98 dollars per gallon at the onset of the conflict. Sherwin-Williams is set to raise prices by 8 percent starting September 1 to offset raw material costs linked to oil prices, and following the announcement, its stock price rose more than 8 percent. The impact could exacerbate U.S. inflation and complicate the Federal Reserve's monetary policy, as investors had previously expected the Fed to cut interest rates, but after energy prices surged due to the war, the market is increasingly pricing in the possibility that the Fed may resume raising rates.

Several stocks made notable moves this week following earnings reports and executive appointments. Huron Consulting Group surged 35.8% on Wednesday after reporting second-quarter results that beat analyst expectations for both revenue and profit and raising its full-year outlook. Sherwin-Williams rose 7.5% on Tuesday after stronger-than-expected second-quarter earnings and an increased full-year profit forecast. PROG Holdings fell 4.9% on Wednesday despite beating second-quarter 2026 estimates and raising full-year guidance. CONMED gained 10.5% on Thursday after second-quarter adjusted earnings topped expectations and the company lifted its full-year guidance. Freshworks rose 3.4% on Tuesday following the appointment of Ryan Manning as its new Chief Product and Technology Officer.

Several stocks made notable moves on Tuesday. H&R Block rose 6.2% after Stephens & Co. initiated coverage with an Equal-Weight rating and a $47 price target. Corning fell 13% after its second-quarter revenue and third-quarter sales forecast missed Wall Street expectations. Sherwin-Williams gained 7.5% on stronger-than-expected second-quarter earnings and a raised full-year profit forecast. Brown & Brown advanced 5% as investors focused on strong year-over-year growth and in-line earnings despite a slight revenue shortfall. Simpson added 2.8% after its second-quarter results exceeded analyst expectations.

S&P 500 futures edged lower in early Tuesday trading while Dow futures ticked up, as the US 10-year Treasury yield hovered near 4.64% ahead of this week's Federal Reserve decision. Markets are pricing in roughly a one-in-three chance of a rate hike now and about a 56% chance by September. US durable goods orders for June rose 0.3% and a core business investment gauge gained 0.9%, signaling continued corporate spending. Among individual movers, IQVIA Holdings jumped 13.94% after its second-quarter earnings and raised guidance, Incyte gained 9.30% on higher full-year sales guidance, and Sherwin-Williams climbed 8.25% following its quarterly results and buyback progress. On the downside, Sandisk fell 14.25%, Corning declined 12.10% after Citi lowered its price target, and Bloom Energy dropped 11.34%.

Sherwin-Williams shares surged 7.5% after the paint and coatings manufacturer reported second-quarter adjusted earnings of $3.70 per share on revenue of $6.79 billion, beating Wall Street estimates. Revenue rose 7.5% from a year earlier. The company also raised its full-year adjusted EPS guidance to a midpoint of $12. The stock is now up 7.8% year-to-date and trading near its 52-week high.

U.S. stocks settled mostly higher on Tuesday, with the Dow Jones Industrial Average climbing to a 1.5-week high, up 1.03%, and the S&P 500 adding 0.21%, while the Nasdaq 100 fell 0.98% to a 2.75-month low. Better-than-expected earnings from Boeing, Coca-Cola, and Sherwin-Williams supported the broader market, and software stocks rallied as investors rotated into recently underperforming sectors. However, the Nasdaq 100 was pressured by a deepening rout in chipmakers and AI-infrastructure stocks, driven by fresh concerns over artificial intelligence spending and rising competition from China, alongside an unexpected decline in U.S. July consumer confidence. Lower crude oil prices, with September WTI crude falling more than 4% to a one-week low, eased inflation concerns and pushed the 10-year Treasury yield down 5 basis points to 4.60%. The Conference Board's consumer confidence index unexpectedly fell to 90.8, below the expected 92.4, while the S&P CoreLogic Case-Shiller home price index rose 1.6% year-over-year in May, the largest increase in 10 months.

Sherwin-Williams raised its full-year guidance based on first-half momentum, though it assumes no broad-based demand recovery for the remainder of 2026. The company attributed strong top and bottom-line growth to aggressive new account wins and share gains rather than market recovery, with the Paint Stores Group outperformance driven by Protective and Marine momentum in data centers and semiconductor infrastructure. An 8% price increase effective September 1st is designed to offset accelerating raw material inflation, which is expected to reach a high single-digit range in the second half. The company completed a store optimization initiative, closing 57 underperforming locations to improve long-term profitability, and expects to return to the high end of its 80 to 100 net new store opening target starting in 2027. Restructuring actions are expected to yield approximately $17 million in annual savings, with half realized in 2026.

The Dow Jones Industrial Average jumped 520 points, or 1.2%, while the Nasdaq Composite ended flat after recovering from a 1.3% morning loss, as a sharp sell-off in semiconductor stocks weighed on the tech-heavy index. Memory chip makers led the decline, with Micron Technology down 8.1% and SK Hynix falling 6.8%, triggered by a volatility halt in South Korea amid concerns over the sustainability of AI infrastructure spending. The broader chip sector saw Intel drop 8%, AMD lose 10%, and Sandisk plunge 17%, though Nvidia slipped only 1%. The rotation into traditional economy stocks lifted the Dow, with Sherwin-Williams gaining 8.3% on strong earnings, while Caterpillar fell 3.8% due to its ties to AI data center projects. Oil prices retreated, with Brent crude trading near $84 per barrel, down about 2.2%, after reports that the U.S. paused air strikes against Iran for diplomatic talks.

U.S. stock indexes were mixed on Tuesday, with the Dow Jones Industrial Average climbing to a 1.5-week high while the Nasdaq 100 fell to a 2.75-month low. The Dow rose 0.738% and the S&P 500 edged up 0.05%, but the Nasdaq 100 dropped 1.12% as a deepening rout in chipmakers and AI-infrastructure stocks weighed on the market. Better-than-expected earnings from Coca-Cola and Sherwin-Williams provided support, while an unexpected decline in the Conference Board's July consumer confidence index to 90.8 added to cautious sentiment. The iShares Semiconductor ETF fell more than 5% to a 2.5-month low, with Sandisk down over 14% and Western Digital down over 13%. In contrast, software stocks gained, with Workday up over 7% and Thomson Reuters up over 6%.

The Dow Jones Industrial Average climbed 659 points, or 1.3%, on Tuesday as strong earnings from Coca-Cola and Sherwin-Williams lifted blue-chip stocks while falling oil prices added support. Sherwin-Williams stock surged 8% after topping second-quarter estimates, Coca-Cola stock climbed 5% after beating on revenue and earnings and lifting its full-year guidance, and Salesforce stock also gained 5%. A broad rotation out of technology and into other sectors drove much of the day's action, with consumer-staples stocks leading the S&P 500 with a 2.7% gain. The VanEck Semiconductor ETF dropped more than 3%, marking a fourth straight session of losses for chip stocks, while West Texas Intermediate crude futures fell 5% to just above $78 per barrel. The Federal Reserve is set to announce its rate decision on Wednesday, with fed funds futures pricing in a quarter-point rate increase in September.

U.S. stock futures were mixed Tuesday morning as the Federal Reserve began its two-day policy meeting, with the Dow up 413 points and the Nasdaq down 270 points. The Federal Open Market Committee is widely expected to hold rates steady at 3.50-3.75%, with recent inflation data showing stubborn but not spiraling costs. The U.S. trade deficit for June came in at $101.5 billion, slightly deeper than expected but improved from May's revised $105 billion. Among earnings, Boeing posted a loss of 76 cents per share, missing estimates, while Coca-Cola earned 97 cents per share, beating consensus, and Sherwin-Williams raised guidance after reporting $3.70 per share.

Coca-Cola and Sherwin-Williams were among the biggest premarket movers after both companies reported quarterly results that exceeded expectations and raised their full-year outlooks. Coca-Cola shares rose 2% after posting adjusted earnings of 97 cents per share on revenue of $13.38 billion, topping analyst estimates. Sherwin-Williams climbed nearly 6% with adjusted earnings of $3.70 per share on $6.79 billion in revenue, also beating forecasts and lifting its full-year earnings guidance. Johnson & Johnson gained more than 2% after agreeing to pay $5.5 billion to settle talc-related ovarian cancer lawsuits. Hilton Worldwide fell 2.7% after issuing third-quarter earnings guidance below consensus, while Universal Health Services dropped 3% on a lowered full-year outlook. Welltower advanced 4.5% after raising its full-year normalized funds from operations forecast above estimates, and Happen, formerly LendingClub, surged more than 6% on stronger-than-expected full-year earnings guidance.

The Europe architectural coatings market is projected to grow from USD 20.93 billion in 2026 to USD 25.49 billion by 2031, at a compound annual growth rate of 4.0%. Growth is driven by extensive renovation and refurbishment activities, rising demand for energy-efficient and environmentally friendly coatings, and strong contributions from Germany. The façade segment, particularly External Thermal Insulation Composite Systems, is expected to lead the market, while professional applications dominate the end-use sector. Key players include AkzoNobel, PPG Industries, and The Sherwin-Williams Company.

Block's Square has secured a partnership with Sherwin-Williams, the world's largest paint and coatings company, to provide payment solutions for its PRO+ customers through the Digital Alliance Program. Sherwin-Williams will use Square for Services to streamline operations such as creating estimates, scheduling jobs, collecting payments, and coordinating with clients from consultation to invoicing. Square Invoices will enable painters and contractors to collect deposits upfront, schedule milestone payments, set up recurring billing, and send automated payment reminders, while Square Checking provides instant access to funds. The collaboration strengthens Square's position in the professional services ecosystem and supports Block's long-term revenue expansion.

Building materials stocks reported mixed first-quarter earnings, with aggregate revenues beating analyst estimates by 1.4% but next-quarter guidance coming in 2.5% below expectations. Tecnoglass posted revenue of $249 million, a 12% year-over-year increase that exceeded estimates by 2.7%, though its full-year guidance was the weakest among the nine companies tracked. Vulcan Materials delivered the strongest performance with revenue of $1.76 billion, up 7.4% and beating estimates by 5.8%, while UFP Industries was the weakest, with revenue falling 8.4% to $1.46 billion and missing estimates by 3.5%. Sherwin-Williams reported revenue of $5.67 billion, up 6.8% and beating estimates by 2.1%, and Carlisle posted revenue of $1.05 billion, down 4% and slightly below estimates. Share prices of the group have held steady, rising 2.5% on average since the latest earnings results.