The Sherwin-Williams Company (SHW) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Thank you for joining the Sherwin-Williams Company's review of first quarter 2025 results and our outlook for the second quarter and full year of 2025. With us on today's call are Heidi Petz, Chair, President, and CEO, Al Mastician, Chief Financial Officer, Paul Lange, Chief Accounting Officer, and Jim Jay, Senior Vice President, Investor Relations and Communications. This conference call is being webcast simultaneously in listen-only mode by issue or direct via the Internet at www.sherwin.com. An archived replay of this webcast will be available at www.sherwin.com beginning approximately two hours after this conference call concludes. This conference call will include certain forward-looking statements as defined under the U.S. Federal Securities Laws with respect to sales, earnings, and other matters. Any forward-looking statement speaks only as of the date of which the such statement is made, and the company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. A full declaration regarding forward-looking statements is provided in the company's earnings release transmitted earlier this morning. After the company's prepared remarks, we will open the session to questions. I will now turn the call over to Jim Jay. Thank you and good morning to everyone. Sherwin-Williams continued to execute our strategy and delivered solid first quarter results, with the demand environment remaining challenging as we expected. On a year-over-year basis, consolidated sales were within our guided range, with growth and paint stores group offset by softness in our other two segments. Gross margin and gross profit dollars expanded. SG&A decreased due to continued good spending control...