Sherwin-Williams falls after Q3 profit miss

By Reuters News22 hours ago Updated

** Shares of paintmaker Sherwin-Williams SHW.N down 4.5% at $319.69 premarket

** Company misses Q3 profit estimates as higher raw-material and supply-chain costs weighed on gross margin

** Posts Q3 adjusted profit per share of $3.63 vs analysts' estimate of $3.68 - data compiled by LSEG

** SHW's Q3 selling, general and administrative expenses rise 6% to $2.07 bln, partly due to incremental costs related to the Suvinil acquisition

** "Customer sentiment and the leading indicators we track point to muted demand over the remainder of the year and into 2027," says CEO Heidi Petz

** Company narrows FY adjusted profit per share forecast to $11.85-$12.15 from prior view of $11.80-$12.20

** As of last close, shares up 3.4% YTD

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