BUZZ - Sherwin-Williams shares fall as third-quarter profit misses expectations

October 27 - ** Shares of paint manufacturer Sherwin-Williams (SHW.N) fell 4.5% in pre-market trading to $319.69

** Impacted by rising raw material and supply chain costs that dragged down gross margin, the company’s third-quarter profit fell short of expectations

** Adjusted earnings per share for the third quarter were $3.63, below analysts’ expectations of $3.68—data compiled by LSEG

** SHW’s third-quarter sales, general and administrative expenses rose 6% to $2.07 billion, in part due to incremental costs from the acquisition of Suvinil

** “Customer sentiment and the leading indicators we track both indicate that demand for the remainder of the year and into 2027 will be relatively weak,” said CEO Heidi Petz

** The company narrowed its full-year adjusted earnings per share forecast range from the previous $11.80–$12.20 to $11.85–$12.15

** As of the close of the last trading day, the company’s share price had risen 3.4% year-to-date

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