Sherwin-Williams Co takes center stage with its latest figures

Sherwin-Williams Co takes center stage with its latest figures

One of the world’s largest companies specialized in developing, manufacturing, and selling coatings and related products is taking the market by storm with its latest performance

The Sherwin-Williams Company reported an EPS of $2.42 in Q2 2021, topping by 12% of last year’s figures. Revenues also came ahead of the year-ago numbers, at $5.37 million, marking a 16.9% increase.

In the first six months of the year, the company repurchased 6.4 million shares, with a remaining authorization to repurchase 52.25 million shares via open market purchase at the end of the quarter.

For the future, Sherwin-Williams expects its net sales to increase mid-to-high single-digit percentage, while for the whole of 2021, it is expected to increase high-single to low-double digits.

USA500’s materials sector, part of which is Sherwin-Williams, has broken out in recent days, ending last week 3% up in the top performance of the index. According to data from Zacks, shares of Sherwin-Williams gained 35.2% in the past year, compared with a 30.3% rise of the industry. Year-to-date, its share price went up more than 19%.

Sources: finance.yahoo.com, morningbrew.com, zacks.com

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