Paintmaker Sherwin-Williams cuts 2025 profit forecast on soft demand (Reuters) -Sherwin-Williams cut full-year adjusted profit forecast and missed second-quarter earnings estimate on Tuesday, hit by soft demand for paint products, sending the company’s shares down more than 4% in premarket trading. A sharp drop in new U.S. home sales could weigh on paintmakers by reducing the demand for construction-related coatings, materials and paints. "Demand was softer than anticipated through June, and we do not see catalysts to change that trajectory at this time, causing us to adjust our full-year guidance downward," said Heidi Petz, CEO at Sherwin-Williams (NYSE:SHW) — one of the world’s largest coating makers. The company expects its 2025 adjusted per-share profit to be between $11.20 and $11.50, compared with its previous forecast of $11.65 to $12.05. Analysts on average estimate $11.88 per share, according to data compiled by LSEG. Sherwin-Williams — which supplies paints, coatings and specialty materials under the brands Valspar, Minwax, Purdy and many more — reported a 4.1% decrease in sales of its consumer brands unit to $809.4 million during the quarter due to soft DIY demand in North America. Net sales in its paint stores segment rose to $3.7 billion from $3.62 billion a year earlier, boosted by higher selling prices. Its rival, PPG Industries (NYSE:PPG), is set to report results on July 29. Before you buy stock in SHW, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is SHW one of them?

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