01:10 PM EDT, 07/22/2025 (MT Newswires) -- Sherwin-Williams ( SHW ) lowered its full-year outlook on Tuesday as the company's second-quarter earnings unexpectedly fell year on year amid weak demand dynamics.

The paint and coating manufacturer now expects adjusted net income of $11.20 to $11.50 per share for 2025, down from its prior estimate of $11.65 to $12.05. Analysts surveyed by FactSet expected non-GAAP EPS this year to rise to $11.87 from previous year's $11.33.

Sherwin-Williams ( SHW ) projected sales to rise or fall by a low-single percentage figure, compared with its prior guidance that called for growth of the same magnitude. Analysts were looking for full-year sales to increase to $23.41 billion from $23.1 billion in 2024.

"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," Chief Executive Heidi Petz said in a statement. "We continue to respond to this softer for longer environment aggressively, including doubling our previously announced restructuring initiatives."

Shares of the company were down 2.4% intraday Tuesday.

Adjusted net income fell to $3.38 per share for June quarter from $3.70 a year earlier, while analysts expected an increase to $3.80. Sherwin-Williams ( SHW ) "aggressively accelerated" its restructuring actions, resulting in pre-tax expenses of $59 million, Petz said.

Net sales rose 0.7% to $6.31 billion, higher than the consensus view of $6.30 billion.

The paint stores group's sales grew 2.3% to $3.7 billion due to price increases. However, the consumer brands group's revenue fell 4.1% to $809.4 million amid weak do-it-yourself trends in North America. Revenue within the performance coatings business was effectively flat at $1.8 billion.

Sherwin-Williams ( SHW ) expects third-quarter consolidated net sales to rise or fall by a low-single digit percentage versus last year.

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