newsfilter
← Latest News
PR Newswire·

The Sherwin-Williams Company Reports 2026 Third Quarter Financial Results

SHW
  • Sherwin-Williams reported consolidated net sales of $6.86 billion for the third quarter of 2026, a 7.9% increase from the prior year.
  • Diluted net income per share rose 0.9% to $3.38, while adjusted diluted net income per share increased 1.1% to $3.63.
  • Net income for the quarter decreased 1.5% to $821.0 million, or 12.0% of net sales.
  • EBITDA increased 3.4% to $1.39 billion, and adjusted EBITDA grew 3.3% to $1.40 billion.
  • The Paint Stores Group saw net sales rise 4.7% to $4.02 billion with same-store sales up 3.9%.
  • The Consumer Brands Group recorded a 21.7% net sales increase to $937.4 million, driven by the Suvinil acquisition.
  • The Performance Coatings Group achieved an 8.8% net sales growth to $1.90 billion.
  • The company revised its full year 2026 diluted net income per share guidance to a range of $10.92 to $11.22.
  • Adjusted diluted net income per share guidance for full year 2026 was narrowed to a range of $11.85 to $12.15.
  • Gross margin was impacted by higher raw material costs, supply chain expenses, and dilution from the Suvinil acquisition.
  • Sherwin-Williams returned $749.0 million to shareholders through dividends and share repurchases during the quarter.
  • For the fourth quarter of 2026, the company expects net sales to increase by a mid-single digit percentage.
  • Management cites muted underlying market volumes but notes continued customer acquisition and share-of-wallet growth.
  • The company generated $2.59 billion in net operating cash flow for the first nine months of 2026.
  • Total stores in the Paint Stores Group reached 4,853, while Consumer Brands Group stores totaled 310.