SHW · Consumer

SHERWIN WILLIAMS CO

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-08

• Capital Return ProgramImportance 9 · Surprise 6
  Sherwin-Williams declared a quarterly dividend of USD 0.80 per share. The dividend was reported alongside second-quarter revenue of USD 6.79 billion and EPS of USD 3.70. The company maintained its dividend during the…

News · 2026-08-07

• HQ2 Real Estate FinancingImportance 34 · Surprise 42
  Sherwin-Williams is reportedly pursuing a second headquarters tower in downtown Cleveland, adjacent to its recently opened HQ1 and technology center. The proposed HQ2 could contain 12 to 24 office stories above a…
• Capital Return ProgramImportance 9 · Surprise 6
  Sherwin-Williams declared a quarterly dividend of USD 0.80 per share. The dividend was reported alongside second-quarter revenue of USD 6.79 billion and EPS of USD 3.70. The company maintained its dividend during the…

News · 2026-08-05

• Capital Return ProgramImportance 9 · Surprise 6
  Sherwin-Williams declared a quarterly dividend of USD 0.80 per share. The dividend was reported alongside second-quarter revenue of USD 6.79 billion and EPS of USD 3.70. The company maintained its dividend during the…

News · 2026-08-04

• Guidance / OutlookImportance 74 · Surprise 68
  Sherwin-Williams raised its 2026 full-year outlook to mid- to high-single-digit percentage net sales growth. Management projected adjusted diluted earnings per share of $11.80 to $12.20 for 2026. The updated outlook…
• Revenue Performance and MixImportance 48 · Surprise 40
  Sherwin-Williams reported second-quarter 2026 consolidated net sales of USD 6.79 billion, up 7.5% year over year. Net income increased 11.8%, while diluted EPS was reported at USD 3.70. Sales growth occurred across all…
• Capital Return ProgramImportance 9 · Surprise 6
  Sherwin-Williams declared a quarterly dividend of USD 0.80 per share. The dividend was reported alongside second-quarter revenue of USD 6.79 billion and EPS of USD 3.70. The company maintained its dividend during the…

10-Q · 2026-04-28

• Net Working CapitalImportance 89 · Surprise 82
  Net working capital improved by $802.1 million year-over-year to a deficit of $1.035 billion at March 31, 2026 compared to a deficit of $1.837 billion at March 31, 2025.,The change was driven by a $460.0 million increase in current assets (including a $379.0 million increase in accounts receivable and $105.9 million increase in other current assets) and a $342.1 million decrease in current liabilities led by a $1.151 billion reduction in the current portion of long-term debt.,Offsets included increases in short-term borrowings of $578.1 million, accounts payable of $90.5 million and other accruals of $54.3 million; the Company’s current ratio was 0.86 at March 31, 2026.
• Working Capital and ReceivablesImportance 89 · Surprise 82
  Net working capital improved by $802.1 million year-over-year to a deficit of $1.035 billion at March 31, 2026, driven by a $460.0 million increase in current assets and a $342.1 million decrease in current…
• Acquisition / SuvinilImportance 81 · Surprise 76
  The October 2025 acquisition of Suvinil materially contributed to Consumer Brands Group Net sales and was cited as a primary driver of the 19.2% increase in that segment’s Q1 2026 Net sales to $908.3 million.,Goodwill increased $295.0 million year-over-year and intangible assets increased $392.2 million since March 31, 2025, primarily reflecting purchase price allocation adjustments and capitalized software related to the Suvinil acquisition (purchase price allocation adjustments cited at $202.3 million for goodwill drivers and $626.0 million for intangible asset allocations over twelve months).,The Suvinil acquisition also contributed to incremental SG&A and COGS in Q1 2026 and is referenced across the MD&A as a material driver of revenue, asset and expense movements.
• Capital Expenditures and PP&EImportance 78 · Surprise 58
  Net property, plant and equipment increased $68.5 million in Q1 2026 and $542.5 million over the 12 months since March 31, 2025, reflecting capital expenditures and Suvinil purchase price allocation adjustments.,Capital expenditures were $118.7 million in Q1 2026 and $683.7 million over the twelve months since March 31, 2025, including spending to finalize the new global headquarters and technology center and investments in manufacturing capacity expansion and new/renovated stores.,Buildings increased $52.5 million in Q1 2026 and $1.523 billion over the twelve months due primarily to the new global headquarters and technology center being placed into service; core capex is targeted at ~2% of Net sales in 2026.
• Revenue Performance and MixImportance 75 · Surprise 76
  Consolidated Net sales increased by 6.8% in Q1 2026 to $5,666.9 million, driven by higher Net sales across all reportable segments and a 1.7% benefit from favorable foreign currency translation.,Paint Stores Group sales were $3,049.9 million, up 3.7% year-over-year driven primarily by selling price increases (low-single digit impact) and low-single digit sales volume growth, with comparable-store sales up 2.4%.,Consumer Brands Group Net sales increased 19.2% to $908.3 million primarily due to the October 2025 Suvinil acquisition (material impact) and a 2.4% currency tailwind, while Performance Coatings Group Net sales rose 6.5% to $1,705.8 million led by Automotive Refinish and General Industrial gains.
• Capital Return ProgramImportance 64 · Surprise 42
  The Company returned $772.7 million to shareholders in Q1 2026 via dividends and share repurchases and repurchased 1.6 million shares in the quarter. During Q1 2026 treasury stock activity totaled $623.5 million, and…
• Outstanding IndebtednessImportance 64 · Surprise 42
  At March 31, 2026 the Company reported total debt outstanding of $11.700 billion and cash and cash equivalents of $216.9 million, resulting in net debt of $11.483 billion. Short-term borrowings increased to $2,376.6…
• Income Tax Rate ChangesImportance 64 · Surprise 68
  Deferred income taxes increased $179.4 million from March 31, 2025, primarily due to accelerated domestic research and development deductions recognized as a result of U.S. tax reform legislation referred to as the One…
• Real Estate FinancingImportance 64 · Surprise 42
  The Company entered a sale-leaseback/real estate financing for its new global headquarters (transaction closed December 2022) that did not qualify as an asset sale for US GAAP and thus remains on the balance sheet as…
• Capital Expenditures TrendsImportance 64 · Surprise 42
  Net property, plant and equipment increased $68.5 million in Q1 2026 and $542.5 million in the twelve months since March 31, 2025, driven by capital expenditures of $118.7 million in Q1 and $683.7 million over the…
• Operating Cash Flow ImprovementImportance 63 · Surprise 64
  Net operating cash for the three months ended March 31, 2026 was a source of $139.1 million compared to a usage of $61.1 million in the same period in 2025. The twelve-month period ended March 31, 2026 shows Net…
• Consumer Brands Volume ShiftImportance 63 · Surprise 76
  The Consumer Brands Group reported a 19.2% increase in Net sales in Q1 2026, principally reflecting the October 2025 acquisition of Suvinil and a 2.4% benefit from favorable foreign currency translation. Sales also…
• Acquisition / Partnership / DivestitureImportance 63 · Surprise 76
  The Company completed the October 2025 acquisition of Suvinil which materially increased Consumer Brands Group sales in Q1 2026. Consumer Brands Group Net sales rose $146.1 million (19.2%) in the three months ended…
• Consumer Brands Profitability ImprovementImportance 60 · Surprise 74
  Income before income taxes for the Consumer Brands Group increased materially, with the segment's income rising $65.3 million (49.5%) year-over-year in Q1 2026; gross profit increased $99.8 million. Management…
• Manufacturing Capacity & CapexImportance 58 · Surprise 42
  Net property, plant and equipment increased $68.5 million in Q1 2026 and $542.5 million over the twelve months since March 31, 2025, reflecting $118.7 million of capital expenditures in the quarter plus purchase…
• Headcount / RestructuringImportance 53 · Surprise 82
  Severance and other restructuring expenses were $19.3 million in Q1 2025 but there were no severance and other restructuring expenses recorded in Q1 2026, representing a year-over-year reduction of 100%.,Diluted net income per share in Q1 2025 included severance and other restructuring charges of $0.06 per share; Q1 2026 did not include such charges, improving comparability of operating results.,Adjusted EBITDA for Q1 2026 excluded severance and other restructuring, resulting in Adjusted EBITDA of $998.2 million versus $937.0 million in Q1 2025 (which included $19.3 million of such charges).
• Operating Expense TrendsImportance 51 · Surprise 50
  Consolidated SG&A increased $175.8 million in Q1 2026 versus Q1 2025, rising to $1,969.6 million (34.8% of Net sales) primarily from higher employee-related costs, additional marketing/advertising, incremental SG&A from the Suvinil acquisition, costs tied to the new global headquarters and unfavorable FX translation.,Paint Stores Group SG&A rose $64.0 million due to costs to support higher sales including employee and marketing spending; Consumer Brands SG&A rose $41.6 million primarily from Suvinil integration and support costs.,Administrative SG&A increased $37.7 million in Q1 2026 driven primarily by expenditures related to the new global headquarters and technology center.
• Liquidity and Cash PositionImportance 49 · Surprise 6
  The Company reported cash and cash equivalents of $216.9 million at March 31, 2026 and $2.443 billion of unused capacity under its credit facilities as disclosed in the OUTLOOK.,Total debt, net of cash, was $11.483 billion at March 31, 2026 and the Company stated it expects to remain in compliance with financing covenants while maintaining sufficient short-term borrowing capacity.,Management stated the Company has sufficient cash on hand and available borrowing capacity to fund current operating requirements.
• Paint Stores Demand TrendsImportance 49 · Surprise 32
  Net sales in the Paint Stores Group increased 3.7% in Q1 2026, driven primarily by selling price increases (a low-single digit percentage impact) and low-single digit sales volume growth. Sales rose in all but one…
• Geographic Revenue ShiftImportance 47 · Surprise 48
  Net sales of consolidated foreign subsidiaries increased to $1.279 billion in Q1 2026 from $1.045 billion in Q1 2025, an increase driven by higher net sales across all regions and led by Latin America (inclusive of the…
• Supply Chain Inflation RiskImportance 40 · Surprise 42
  Management flags potential inflationary pressure from raw materials, energy, logistics and packaging due to recent geopolitical events and describes a focus on securing incremental volume alongside decisive pricing and…
• Interest RatesImportance 40 · Surprise 42
  Interest expense increased $27.8 million in Q1 2026 versus Q1 2025, rising to $131.6 million, driven by higher long-term debt, increased short-term borrowings and interest costs associated with the new global…
• Gross Margin DriversImportance 37 · Surprise 32
  Consolidated cost of goods sold increased $139.8 million (5.1%) in Q1 2026, primarily reflecting the Suvinil acquisition and foreign currency translation (2.2% COGS impact), partially offset by moderating raw material…
• Performance Coatings Growth AreasImportance 37 · Surprise 32
  Performance Coatings Group Net sales rose 6.5% in Q1 2026, with a 4.1% favorable impact from foreign currency translation and low-single digit sales volume growth. Growth was concentrated in Automotive Refinish…
• Quarterly Results SnapshotImportance 36 · Surprise 14
  Consolidated Net sales increased 6.8% to $5.667 billion in the quarter ended March 31, 2026 versus the prior-year quarter.,Net income was $534.7 million for the quarter and diluted net income per share increased 7.5% to $2.15 compared to $2.00 in Q1 2025; adjusted diluted net income per share was $2.35 versus $2.25 a year earlier.,EBITDA increased 8.8% to $998.2 million for the first three months of 2026 and the Company generated Net operating cash of $139.1 million in the quarter compared to a usage of $61.1 million in Q1 2025.
• Consolidated Net Sales GrowthImportance 36 · Surprise 14
  Consolidated Net sales rose 6.8% year-over-year to $5.667 billion in Q1 2026, driven by higher sales across all reportable segments and a 1.7% benefit from foreign currency translation. The quarter included incremental…
• FX / Currency HeadwindsImportance 24 · Surprise 14
  Foreign currency translation was a notable driver in Q1 2026: consolidated net sales benefited from a 1.7% favorable translation impact while several segments reported FX-driven sales gains (Performance Coatings 4.1%,…