Latest news with #Petz
Yahoo
7 days ago
- Business
- Yahoo
Paintmaker Sherwin-Williams cuts 2025 profit forecast on weak demand
By Katha Kalia and Sumit Saha (Reuters) -Sherwin-Williams cut full-year adjusted profit forecast and missed second-quarter earnings estimate on Tuesday, hit by weak demand for its paint products. A sharp drop in new U.S. home sales has pressured 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 CEO Heidi Petz. Petz said on a post-earnings call that the company — one of the world's largest coating makers — expects weakness to persist in the second half of the year, with further deterioration possible. Shares of the company fell 2.8% to $331.63. Sherwin-Williams 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 expected $11.88, according to data compiled by LSEG. The paintmaker cut its annual capital spending budget by roughly 19% to $730 million and said it expects a slight deflation in raw materials to result in flat full-year costs. Petz said while lower costs would help, "these benefits are not enough to fully offset the impact of the softer demand environment (and) tariffs also remain a variable in this outlook." Sherwin-Williams — which supplies paints, coatings and specialty materials under brands such as Valspar, Minwax and Purdy — reported a 4.1% decrease in sales of its consumer brands unit to $809.4 million during the quarter ended June 30. Net sales in its paint stores segment rose to $3.7 billion from $3.62 billion a year earlier, boosted by higher selling prices. The Ohio-based company posted an adjusted profit of $3.38 per share for the second quarter, compared with analysts' estimate of $3.81.
West Australian
13-06-2025
- Health
- West Australian
Men from Goldfields-Esperance region open up about biggest struggles
A common saying associated with living in a small town is 'everyone knows everything about everyone' — but that's not always the case. Twenty-eight men from the Goldfields-Esperance region have opened up about their biggest struggles when it comes to their mental and physical health, with many responses revealing most of them choose to keep their issues to themselves. This week, to acknowledge and raise awareness for Men's Health Week, the Kalgoorlie Miner invited men from the region to participate in an anonymous survey aiming to find out about their mental and physical health issues. The Miner also spoke to Kalgoorlie-Boulder clinical psychologist Christina Petz, who believes men often struggle more with mental health issues as they are less likely to speak about their feelings compared to women. 'I think that's the big difference between women and men, which is women will generally access something or look for help, while men are less likely to reach out for help,' she said. 'Men just put on a brave face and try to get through it by themselves.' According to data from the Australian Bureau of Statistics, 75 per cent of people who have ended their lives are men, while 83 per cent of those had displayed risk factors associated with poor physical and mental health. From the survey by the Kalgoorlie Miner, 85 per cent of the participants aged 16 to 68 admitted to experiencing a physical or mental health issue. Some 64 per cent of the men said they had dealt with a physical health issue, while more than half admitted to having a mental health issue. And 46 per cent of participants said they had even suffered from both. The most prevalent mental health issues the regional men reported to having were depression and anxiety, while their most common physical health issues involved problems with their weight and having an addiction, including alcohol and substance abuse. One 30-year-old anonymous participant admitted to having issues with addiction as a result of other issues he had faced and said it took him a long time until he asked for help. 'It took me many years to speak to a professional and learn how to identify when I was spiralling and to try speak to someone, as opposed to numbing it with substances,' he said. A 19-year-old participant also reported having an addiction as well as weight problems and mental health issues, and said he avoided seeking help because he was afraid of confronting his addiction. 'I avoided seeking medical advice because I felt like I never had enough time due to work and when I did have time, I felt uncomfortable going because it's hard to admit that I have an addiction that I shouldn't have at my age,' he said. Ms Petz said she believed there was a 'gender bias' which held lots of men back from seeking help. 'I think there's a gender bias that we have in society that men are strong and women are weak,' she said. 'We're taught as children that boys don't cry but it's acceptable for girls to.' Many of the men who participated in the survey admitted to avoiding professional help because of their beliefs about how men needed to act according to the world. 'As a male, your mental health issues are your issues that you deal with so it can't be used against you,' one said. Another said: 'I did avoid help because I felt weak asking for it'. 'I feel like if I can't help myself then no one can,' another said. Ms Petz said there were many online resources for men suffering from mental health issues who felt 'vulnerable' seeking face-to-face help and recommended the Medicare Mental Health webpage. A 37-year-old man from Kalgoorlie-Boulder who suffers from anxiety and panic attacks shared his story in the Kalgoorlie Miner's anonymous survey about how online resources helped him shake his attacks. 'At my worst I didn't sleep for three days straight as every time I tried to, I would wake up five minutes later in the middle of an attack,' he said. 'I lost 10kg within a month and I never wanted to or took medication for anxiety — instead, I learnt about what internal behaviours, thought patterns and beliefs caused my anxiety and panic attacks.' The man said Panic Free TV on Youtube helped him stop his panic attacks within weeks, while helped him to understand why he felt a certain way and how to deal with his emotions. 'I haven't had a panic attack in six years,' he said. 'It all starts with the correct information being available and people recognising the symptoms.' Another participant said he thought if it was not for seeking professional help and talking through his struggles with his loved ones, he would probably no longer be alive. 'I learnt from my previous battle with mental health issues to identify when I was going downhill and to brace myself with a strong support network of friends, family and professionals,' he said. 'I make my support network aware in the early days instead of holding it in and we have been able to keep me from spiralling. 'I learnt to do this through one of my therapists and it has been extremely helpful. 'It's probably kept me alive.' A 41-year-old survey participant from the region also shared his experience of being diagnosed with sepsis and other physical health issues and how he overcame the worst of it. The man said he was in an induced coma for several months, losing lots of weight, and was then refused back into his work after he recovered. He said he was 'losing his mind' until he found help. 'I spoke with an actual psychologist, Frank at Regional Counselling Services, and it made me realise I wasn't anxious, depressed or losing my mind — I was bored and wanted to be active,' he said. 'I took up some hobbies to keep my hands and mind busy, but I couldn't have done it without the support from my partner, my kids and my friends.' Ms Petz said taking up hobbies and incorporating healthy habits into daily routines was vital for living a healthy life, both mentally and physically. She recommends people struggling should get plenty of sleep, eat healthy, exercise, connect with others, learn to manage stress, do breathing and reflecting exercises. Ms Petz also said she believed it was important for men to identify when they were struggling, as many regional men, specifically those in Kalgoorlie-Boulder, often grappled with demanding work hours. A 44-year-old father of two from the region admitted to feeling burnt out by his long work hours. 'When I was younger, working long swings of two weeks or more was not too much of a problem, but now that I have two young kids and I'm in my 40s, the long swings have started to take its toll on my physical and mental health,' he said. 'I miss important family events when I'm at work and when I'm home, I'm constantly struggling with fatigue which affects my ability to be a good dad and husband. 'Drinking alcohol and comfort eating are ways I self-manage my fatigue and anxiety, which is affecting my physical health.' The man said after he realised his job had affected his life, he took action to improve it. 'I am currently talking to a counsellor about managing my anxiety and stress and have considered a change of careers,' he said. 'I also find going to the gym a good way to feel more positive and less stressed.' Ms Petz recommended men who might be struggling with their careers to take time off when they need or reduce their work hours if their work-to-life balance was becoming unmanageable. She also insisted men reduce any unhealthy coping mechanisms they might have, such as consuming alcohol, saying most of the time physical and mental health issues were linked. 'If you improve one of them — your mental health or your physical health — both of them are going to improve,' she said. She believes there's still a 'long way to go' for men's health to improve but is hopeful with the right knowledge and awareness, more men will feel confident facing and overcoming their challenges. Men's Health Week is from June 9 to 15 and encourages people to check in with their mates and to not feel ashamed asking for help. This year's theme is Men's Health Checks, emphasising the importance of addressing health challenges and booking regular health checks. The number for the online men's counselling service MensLine Australia is 1300 789 978, while the number for the crisis support helpline Lifeline WA is 13 11 14.
Reuters
02-06-2025
- Business
- Reuters
Brazil antitrust body oks Petz, Cobasi merger, says local media
SAO PAULO, June 2 (Reuters) - Brazil's antitrust body Cade approved on Monday, without restrictions, the merger of pet product retailers Cobasi and Petz ( opens new tab, local news outlet Folha de Sao Paulo reported. The approval could mark Cade's final green light for the merger, unless an appeal is filed within 15 days. If this happens, the case could be decided by an internal Cade panel.
Reuters
20-05-2025
- Business
- Reuters
Brazil's antitrust body to approve Petz, Cobasi merger, local media reports
SAO PAULO, May 19 (Reuters) - Brazil's antitrust body Cade is set to approve this week, without restrictions, the merger of two retailers of products for pets, Cobasi and Petz ( opens new tab, local news outlet Brazil Journal reported on Monday, citing sources. An approval could mark Cade's final green light for the merger, but only if no appeal is filed within 15 days. If this happens, the case could be decided by an internal Cade panel. Cade, Petz and Cobasi did not immediately respond to a request for comment outside normal business hours. The cash and share swap deal, which is set to join together Brazil's two largest pet product retailers, was first announced in April last year. Brazil Journal said the approval was expected as together the two firms would nevertheless count on a low market share.
Yahoo
13-05-2025
- Business
- Yahoo
SHW Q1 Earnings Call: Resilient Margins Amid Soft Revenue and Choppy Demand
Paint and coating manufacturer Sherwin-Williams (NYSE:SHW) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 1.1% year on year to $5.31 billion. Its non-GAAP profit of $2.25 per share was 4.1% above analysts' consensus estimates. Is now the time to buy SHW? Find out in our full research report (it's free). Revenue: $5.31 billion vs analyst estimates of $5.39 billion (1.1% year-on-year decline, 1.6% miss) Adjusted EPS: $2.25 vs analyst estimates of $2.16 (4.1% beat) Adjusted EBITDA: $937 million vs analyst estimates of $910.9 million (17.7% margin, 2.9% beat) Management reiterated its full-year Adjusted EPS guidance of $11.85 at the midpoint Operating Margin: 14.3%, in line with the same quarter last year Free Cash Flow was -$450.8 million compared to -$525.2 million in the same quarter last year Locations: 5,115 at quarter end, up from 5,024 in the same quarter last year Organic Revenue was flat year on year, in line with the same quarter last year Market Capitalization: $89.32 billion Sherwin-Williams' Q1 results reflected a challenging demand landscape, with management describing the environment as 'choppy' and marked by continued softness in several end markets. CEO Heidi Petz pointed to low single-digit growth in the Paint Stores Group, underpinned by mid-single-digit price increases, with volume offsetting some of those gains. The Protective and Marine segment stood out, delivering high single-digit growth thanks to infrastructure and energy-related projects, while other divisions faced headwinds. Management emphasized tight cost controls, supply chain efficiencies, and strategic SG&A management as key factors supporting margins, even as revenue fell short of expectations. Looking ahead, management reiterated its full-year guidance, citing confidence in its ability to navigate volatility through ongoing operational improvements and targeted investments. Petz acknowledged persistent uncertainty related to tariffs and broader economic conditions, but reassured that most raw materials are sourced domestically, limiting the direct impact of new trade measures. The company's strategy centers on expanding its competitive moat, leveraging scale and digital investments, and pursuing above-market growth, particularly in areas like residential repaint and select infrastructure projects. Sherwin-Williams' management highlighted several key operational levers and market trends shaping the quarter's results, while also flagging persistent headwinds. The company's ability to drive margin expansion despite a softer top line was a central theme, with ongoing investments in growth and efficiency. Paint Stores Group price execution: Management credited mid-single-digit price increases for offsetting weak volumes, with disciplined implementation and customer engagement leading to strong price realization. The company expects the positive impact of pricing to diminish in coming quarters as prior increases become fully annualized. Protective and Marine momentum: The Protective and Marine division posted high single-digit growth, driven by energy, water, and infrastructure projects. Management reported market share gains and a healthy pipeline of upcoming projects, with new account wins contributing to the performance. Cost controls and digital efficiency: Tight SG&A management and ongoing supply chain improvements were cited as drivers of year-over-year margin expansion. Al Mistysyn, CFO, pointed to the benefits from digitization and simplification initiatives, notably in administrative functions where SG&A fell by a mid-teens percentage. Consumer and DIY headwinds: The Consumer Brands Group faced pressure from weak do-it-yourself (DIY) demand in North America and unfavorable currency exchange impacts. Management noted ongoing efforts with retail partners to stimulate end demand but characterized the segment as 'bumping around a bit.' Suvinil acquisition in Brazil: Leadership expressed optimism about the pending acquisition of BASF's Suvinil business, highlighting its strong market position in Latin America. The deal, expected to close in the second half of the year, is anticipated to complement Sherwin-Williams' existing regional presence and provide new growth avenues. Management expects the next several quarters to remain volatile, driven by continued macroeconomic uncertainty, evolving raw material costs, and the pace of recovery in key end markets. The company's strategic focus is on margin resilience, targeted investments, and expanding market share in core segments. Tariff and cost pressures: While direct exposure to tariffs is limited, management noted that new trade measures could drive low single-digit increases in raw material costs. The company plans to offset these with selective price adjustments and ongoing productivity initiatives. Store expansion and market share: The plan to open 80–100 new stores this year is expected to support growth in the Paint Stores Group, especially in residential repaint and protective segments where market share gains are being realized. Integration of Suvinil acquisition: The anticipated closing and integration of Suvinil in Brazil is viewed as a catalyst for accelerating growth in Latin America, with management citing operational synergies and cross-selling opportunities as likely contributors to future profitability. John McNulty (BMO): Asked about Sherwin-Williams' ability to pass through cost increases from tariffs. Management responded that while most raw materials are sourced domestically, selective price increases may be considered if tariffs persist. Vincent Andrews (Morgan Stanley): Queried about margin resilience despite volume declines. CFO Al Mistysyn attributed margin strength to supply chain efficiencies, positive price mix, and ongoing SG&A discipline. Ghansham Panjabi (Baird): Sought clarity on the outlook for new residential and incremental share gains. CEO Heidi Petz indicated that while the market remains pressured by high mortgage rates, Sherwin-Williams continues to strengthen partnerships and gain position for long-term growth. Kevin McCarthy (Vertical Research Partners): Inquired about the strategic rationale for acquiring Suvinil and its impact on guidance. Management highlighted Suvinil's strong market leadership and confirmed it is not yet included in guidance, pending deal closure. Emily Fusco (Deutsche Bank): Asked if DIY demand is worsening in North America. Management described the segment as remaining under pressure but not deteriorating further, with efforts ongoing to stimulate demand through retail partnerships. Looking ahead, the StockStory team will be monitoring (1) the pace of store openings and whether these translate into sustained market share gains, (2) the integration timeline and early impact of the Suvinil acquisition in Brazil, and (3) the company's ability to maintain or expand margins as raw material and tariff pressures evolve. The effectiveness of operational efficiency initiatives and the trajectory of end-market recovery, particularly in residential and infrastructure segments, will also be important signposts. Sherwin-Williams currently trades at a forward P/E ratio of 29.1×. Should you load up, cash out, or stay put? See for yourself in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
