Sherwin-Williams Q2 Preview: Weak Housing Market To Pressure Topline Growth

  • I reiterate my Sell rating on The Sherwin-Williams Company due to overvaluation and ongoing pressure from a weak housing market. Q1 FY25 results showed decelerating growth in the Paint Stores Group, despite disciplined cost management and margin improvements. The Suvinil acquisition could boost Latin American growth, but exposes Sherwin-Williams to economic and FX risks in Brazil.