Latest news with #paints
Yahoo
a day ago
- Business
- Yahoo
Sherwin-Williams Cuts Its Outlook as Soft Demand and Costs Hurt Profits
Justin Sullivan / Staff / Getty Images Sherwin-Williams CEO Heidi Petz warned that the company expects the slowdown in the second quarter could continue into the second half of the year. Sherwin-Williams (SHW) shares declined Tuesday after the maker of paints and coatings missed profit forecasts and cut its outlook on soft demand and higher costs. The company reported second-quarter adjusted earnings per share of $3.38, down 8.6% from a year ago and below the consensus of analysts surveyed by Visible Alpha. Revenue rose 0.7% to $6.31 billion, which was ahead of estimates. Sales at the company's Performance Coatings Group dropped 0.3% to $1.80 billion, mainly on lower prices. They were down 4.1% to $809.4 million at the Consumer Brands Group because of a drop in do-it-yourself work demand and currency fluctuations. Higher prices helped Paint Store Group sales rise 2.3% to $3.70 billion. Selling, General, & Administrative expenses grew 9% to $2.01 billion, which the company blamed on a 'broader restructuring initiative related to softer demand, sooner than anticipated building related costs and heightened growth investment related to incremental competitive opportunities.' CEO Heidi Petz said the demand environment 'remained choppy,' and warned that the company expects the slowdown in the quarter 'will continue if not deteriorate in the second half of the year.' Sherwin-Williams said it now sees full-year adjusted EPS in the range of $11.20 to $11.50, compared to its earlier outlook of $11.65 to $12.05. Shares of Sherwin-Williams were down about 3% in recent trading, dragging them into negative territory for the year. TradingView Read the original article on Investopedia
Al Bawaba
a day ago
- Business
- Al Bawaba
Caparol Paints strengthens regional footprint following significant sales growth in the Middle East
Caparol Paints, a global leader in premium paint and coatings solutions, is accelerating its growth across the Middle East with a stronger focus on retail expansion, double-digit partner growth, and the launch of new product lines tailored to the Middle East. Since entering the UAE market in 1998, Caparol has steadily built its reputation as a go-to brand for high-performance, sustainable coatings, backed by German innovation and local-market solutions. Over the past 12 months, Caparol has significantly expanded its retail network across the UAE and wider region, offering professionals and homeowners greater access to its range of interior and exterior paints. This expansion follows a 35% year-on-year sales increase in 2024, supported by high uptake of its flagship products for interior and exterior paints, including CapaStone, Caparol's innovative façade solution. Designed to perform in the region's demanding climate, Caparol's product portfolio reflects its commitment to sustainable, locally relevant solutions. Manufactured in its Dubai-based facility, the range addresses the growing demand for long-lasting, climate-adapted finishes across residential and commercial projects. Its low-VOC, weather-resistant, and design-forward solutions are widely trusted by contractors, architects, and designers across the region.'The Middle East is a priority region for Caparol, and we are committed to growing our presence across the region, to serve both existing and future customers,' said Dirk Schilmöller, Managing Director Middle East, Africa & Asia. 'With the regional paints and coatings market projected to reach over USD 8.5 billion by 2035, fuelled by a booming real estate sector and rising population, the opportunity ahead is significant. We see enormous potential, not only in offering high-quality paint systems, but in long-term durability, energy efficiency and healthier indoor environments. Caparol will continue investing in innovative, high-performance solutions that meet the evolving needs of our partners and communities.'Caparol has also doubled its Exterior Insulation and Finish System (EIFS) business over the last two years, reflecting a growing regional focus on energy-efficient and thermally insulated building solutions. This reinforces the company's commitment to supporting high-performance, sustainable construction growing project portfolio in the UAE includes high-profile residential, hospitality and commercial developments. The brand has also deepened its support for industry professionals by investing in training, colour consultancy, and technical services to ensure projects are executed to the highest standard. With the UAE's continued push for sustainable urban development under Vision 2031, Caparol is reinforcing its role as a long-term partner to the region's architecture, design and construction sectors.
Bloomberg
2 days ago
- Business
- Bloomberg
AkzoNobel Cuts Profit Forecast on Stronger Euro, Tariff Caution
By Updated on Save AkzoNobel cut its profit forecast for the year, as it factored the impact of currency headwinds into its guidance and warned of ongoing tariff uncertainty. The maker of Dulux paints now expects its 2025 adjusted earnings before interest, taxes, depreciation and amortization to be above €1.48 billion ($1.73 billion), according to a statement Tuesday. The firm previously guided for more than €1.55 billion.
Yahoo
2 days ago
- Business
- Yahoo
Akzo Nobel lowers earnings forecast citing market uncertainties
(Reuters) -Dulux paint maker Akzo Nobel lowered its core profit outlook for 2025 on Tuesday, citing ongoing market uncertainties and adjusting for exchange rates. The Dutch paints and coatings maker now forecasts adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of 1.48 billion euros ($1.73 billion) in 2025, down from the above-1.55 billion euros previously forecast. AkzoNobel's quarterly adjusted EBITDA dropped 2% to 292 million euros, missing analysts' average estimate of 403 million euros, according to a company-provided consensus. CEO Greg Poux-Guillaume said in a press release that this drop came amid "significant currency headwinds, due to the strength of the euro and generally tepid markets." The group reiterated its mid-term guidance of an adjusted EBITDA margin of above 16% and a return on investment between 16% and 19%. ($1 = 0.8554 euros) 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
Reuters
2 days ago
- Business
- Reuters
Akzo Nobel lowers earnings forecast citing market uncertainties
July 22 (Reuters) - Dulux paint maker Akzo Nobel ( opens new tab lowered its core profit guidance for 2025 on Tuesday, citing ongoing market uncertainties and adjusting for exchange rates. The Dutch paints and coatings maker now forecasts an adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of 1.48 billion euros ($1.73 billion) in 2025, down from the above 1.55 billion euros previously forecast. ($1 = 0.8554 euros)
