Sherwin-Williams Co. reported second-quarter adjusted earnings of $3.38 a share, missing the $3.81 average analyst estimate, as restructuring charges and higher building costs cut into margins. Revenue edged up 1% to $6.31 billion, slightly ahead of projections, with its Paint Stores Group benefiting from steady professional demand. The Cleveland-based paint maker lowered its full-year 2025 adjusted earnings forecast to $11.20–$11.50 a share from $11.65–$12.05, citing a demand downturn that deepened through June. “Demand was softer than anticipated through June, and we do not see catalysts to change that trajectory at this time,” the company said, adding that it is accelerating restructuring initiatives in response. The outlook cut and earnings miss sent the stock down about 3.6% before the opening bell as investors weighed management’s warning that the industry may be at a competitive inflection point.