Earnings Releases·Oct 27, 2026, 7:04 AM ET

The Sherwin-Williams Company — Third Quarter 2026 Earnings Summary

Consolidated net sales rose 7.9% year-over-year to $6.86 billion, driven by mid-single digit price increases and low-single digit volume growth, while net income declined 1.5% to $821.0 million due to higher raw material costs and Suvinil-related margin dilution.
Full-year 2026 diluted net income per share guidance was revised to $10.92–$11.22 and adjusted diluted net income per share to $11.85–$12.15, reflecting $0.82 per share in Valspar amortization and $0.11 in restructuring expenses.
Management anticipates muted demand through 2027 but projects full-year consolidated net sales growth of mid to high-single digits and fourth-quarter sales growth of mid-single digits.
The company returned $749.0 million to shareholders in the quarter via dividends and share repurchases, while short-term borrowings increased to $2.35 billion and long-term debt decreased to $7.94 billion.
Strategic expansion continued with the Paint Stores Group adding 12 net new stores and the Consumer Brands Group adding 2, though segment profits were pressured by incremental SG&A from the Suvinil acquisition and unfavorable foreign currency impacts.