SHERWIN WILLIAMS CO (SHW)
The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paint, coatings, and related products to professional, industrial, commercial and retail customers. The company operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group. The Paint Stores Group segment offers architectural paint and coatings; protective and marine products; and OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners under the Sherwin-Williams brand. The Consumer Brands Group segment supplies a portfolio of branded and private-label architectural paints, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks, and adhesives to retailers, including home centers and hardware stores, and dedicated dealers and distributors. The Performance Coatings Group segment develops and sells industrial coatings for wood finishing and general industrial applications; automotive refinish products; protective and marine coatings; coil coatings; packaging coatings; and performance-based resins and colorants. This segment serves retailers, dealers, jobbers, licensees, and other third-party distributors. The company operates in North America, South America, the Caribbean, Europe, Asia, and Australia. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.
Open SHERWIN WILLIAMS CO in the interactive graph- Ticker
- SHW
- SEC CIK
- 0000089800
- Sector
- Materials
- Industry
- Chemicals
- Periods
- FY2025 Q1, FY2026, FY2026 Q1, FY2026 Q3, FY2027
- Headquarters
- Cleveland, OH
- Employees
- 64,249
Key figures
- Revenue 5.67B USD
- NetIncome 534.70M USD
- DilutedEPS 2.35 USD/share
Reported figures
- BasicEPS 2.02 USD/share
- BasicEPS 2.18 USD/share
- BasicSharesOutstanding 245.70M count
- BasicSharesOutstanding 249.40M count
- CapitalExpenditure 138.30M USD
- CapitalExpenditure 189.30M USD
- CashAndEquivalents 199.80M USD
- CashAndEquivalents 216.90M USD
- CostOfRevenue 2.75B USD
- CostOfRevenue 2.89B USD
- DilutedEPS 2.00 USD/share
- DilutedEPS 2.15 USD/share
- DilutedEPS 2.25 USD/share
- DilutedEPS 2.35 USD/share
- EBITDA 917.70M USD
- EBITDA 998.20M USD
- FreeCashFlow 800.00K USD
- GrossMargin 48.2 percent
- GrossMargin 49.1 percent
- GrossProfit 2.56B USD
- GrossProfit 2.78B USD
- InterestExpense 103.80M USD
- InterestExpense 131.60M USD
- InterestIncome 2.80M USD
- InterestIncome 3.30M USD
- NetIncome 503.90M USD
- NetIncome 534.70M USD
- OperatingCashFlow 139.10M USD
- OperatingIncome 131.90M USD
- OperatingIncome 162.70M USD
- OperatingIncome 197.20M USD
- OperatingIncome 212.70M USD
- OperatingIncome 212.80M USD
- OperatingIncome 232.40M USD
- OperatingIncome 264.70M USD
- OperatingIncome 281.50M USD
- OperatingIncome 541.20M USD
- OperatingIncome 558.80M USD
- OperatingIncome 653.00M USD
- OperatingIncome 679.80M USD
- and 24 more in the interactive graph
Guidance
- DilutedEPS guidance 10.70–11.10 USD/share
- DilutedEPS guidance 11.50–11.90 USD/share
Drivers
- Acquisition of Suvinil drove Consumer Brands Group Net sales increase
- Automotive Refinish increased by a double-digit percentage in Performance Coatings Group
- Coil increased by a mid-single digit percentage in Performance Coatings Group
- Costs associated with new store openings in Paint Stores Group partially offset segment pr
- Double-digit percentage increase in protective and marine end market in Paint Stores Group
- Favorable foreign currency translation impacted Consumer Brands Group Net sales by 2.4%
- Favorable foreign currency translation impacted Performance Coatings Group Net sales by 4.
- Favorable foreign currency translation impacted consolidated Net sales by 1.7%
- Foreign currency transaction gains contributed to Consumer Brands Group segment profit inc
- Foreign currency transaction gains contributed to Performance Coatings Group segment profi
- General Industrial and Packaging increased by high-single digit percentages in Performance
- Global supply chain efficiencies contributed to Consumer Brands Group segment profit incre
- Gross margin expanded, inclusive of the dilutive impact of the Suvinil acquisition
- Higher Net sales in all reportable segments drove consolidated Net sales increase
- Higher costs in Administrative function related to new global headquarters and technology
- Increase in costs to support higher sales in Consumer Brands Group, including higher emplo
- Increase in employee-related and marketing costs to support higher Net sales partially off
- Increase in employee-related costs to support higher sales partially offset Performance Co
- Increased Net sales in Europe contributed to Consumer Brands Group Net sales increase
- Increased costs to support higher sales in Paint Stores Group, including investment in add
- Incremental SG&A expenses associated with Suvinil partially offset Consumer Brands Group s
- Incremental SG&A expenses associated with Suvinil partially offset income before income ta
- Interest expense attributable to increase in short-term borrowings and long-term debt part
- Low-single digit percentage sales volume growth in Paint Stores Group
- Low-single digit percentage sales volume growth in Performance Coatings Group
- Mid-single digit percentage increase in residential repaint and commercial end markets in
- Moderating raw material costs contributed to income before income taxes increase
- New residential decreased by a low-single digit percentage in Paint Stores Group
- Selling price increases impacted Paint Stores Group Net sales by a low-single digit percen
- Soft DIY demand in North America decreased Consumer Brands Group Net sales by a low-single
- Suvinil acquisition contributed to consolidated Net sales increase
Risks
- Continued demand softness in most end markets
- Continued volatility expected in the raw material environment as the year progresses
- Geopolitical events are adding further demand uncertainty
- Heightened global uncertainty characterized the quarter
- Little to no recovery expected in most end markets this year
- Potential inflation related to raw materials, energy, logistics and packaging
Corporate events
- Acquisition of Suvinil completed in October 2025
- Repurchased 1.6 million shares of common stock during the first quarter of 2026
- Returned cash of $772.7 million to shareholders in the form of dividends and share repurch
Quotes
- “For the second quarter of 2026, we expect consolidated Net sales will be up a mi…”
- “We continue to expect little to no recovery in most end markets this year, given…”