Sherwin-Williams Sees Input Costs Rising After Sales Beat

Sherwin-Williams Co. warned rising input costs could weigh on results later this year, after currency tailwinds helped it post stronger-than-expected sales growth in the first quarter.

While the paint maker maintained its full-year adjusted profit guidance, it now expects higher raw material costs, according to a Tuesday statement. Shares traded 2% lower as of 11:26 a.m. in New York.