Demand for residential paint jobs — both fixer-uppers and new homes — has remained strong, and the industrial side of its business has been recovering faster than expected.
CEO John Morikis said in a statement Tuesday that sales had been stronger than expected in the second quarter. leading the company to raise its sales and profit guidance for 2021. Sherwin-Williams’ full second quarter earnings will be released on July 27.
The stock, which was slightly down in premarket trading, is up nearly 50% since last year.