SHW Latest Report

Performance of the Quarterly Report

At December 31, 2024, Sherwin-Williams (SHW) had a total operating revenue of US$5.297 billion, up approximately 0.85% from US$5.252 billion at December 31, 2023. This change indicates that the company maintained a relatively stable growth trend in its operating revenue.

Key Data in the Financial Report

1. The total operating revenue of Sherwin-Williams grew by 0.85% in 2024. Although the growth rate was small, it still showed the company's continuous competitiveness and stable sales ability in the market.

2. The stable market demand, along with the continuous stable demand in the paint industry where Sherwin-Williams operates, drove the company's operating revenue.

3. The company may offset the fluctuation in raw material costs through moderate price adjustments to maintain revenue levels.

4. The company launched new products, attracting a new customer base, further promoting revenue growth.

5. In the industry competition, Sherwin-Williams may maintain or increase its market share through marketing strategies and brand influence.

Peer Comparison

1. Industry-wide analysis: The paint industry as a whole faced raw material price fluctuations and market demand changes in 2024, with some companies experiencing slow or declining revenue growth. In comparison, Sherwin-Williams' slight growth showed its relative stability in the industry.

2. Peer evaluation analysis: Compared with other companies in the same industry, Sherwin-Williams' total operating revenue grew by 0.85%, which is not high, but still achieved positive growth in an uncertain market environment, indicating the effectiveness of its business strategies and market adaptability.

Summary

Although Sherwin-Williams' revenue growth in 2024 was limited, its stability and adaptability in the market competition are noteworthy. The stable market demand and moderate price adjustment strategy brought positive effects to the company. Although the launch of new products did not significantly drive overall revenue growth, its strong performance in high-performance coatings and the maintenance of market share reflect its solid market position.

Opportunities

1. With the rise of the new energy vehicle market, Sherwin-Williams' newly launched new energy vehicle paint repair solutions may attract more customers in the future.

2. The opening of Sherwin-Williams' technology center is expected to enhance the company's R&D capabilities, which may lead to the launch of more new products that meet market demand in the future.

3. Continuing to adapt to raw material cost fluctuations through pricing strategies may further enhance the company's gross profit margin.

Risks

1. Although market demand is stable, the paint industry as a whole still faces challenges of intensified price competition, which may affect the company's market profit margin.

2. The market feedback of new products is unclear, which may fail to achieve the expected sales effect.

3. The fluctuation of raw material prices remains an uncertain factor, although the company plans to raise prices to cope, the market reaction still needs to be observed.