SHW · Full Picture

SHERWIN WILLIAMS CO — the full picture

Earnings window · 2026-04-07 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

1. Real Estate Financing · UnclassifiedPriority 67
   2 sources (news, sec_filing); 2 forward row(s); quote_verified
   The Company received final proceeds totaling $800.0 million in 2025 from the sale-leaseback real estate financing transaction for the new global headquarters.
2. Revenue Performance and Mix · Revenue growth & mixPriority 67
   +6.4% revenue (realized); 2 sources (news, sec_filing); quote_verified
   Consumer Brands Group Net sales for the quarter ended March 31, 2026: $908.3 million versus $762.2 million in the quarter ended March 31, 2025, a $146.1 million increase (19.2%).
3. Capital Return Program · Buybacks & dividendsPriority 62
   -4.1% cash (realized); 2 sources (news, sec_filing); 3 forward row(s); quote_verified
   If the $0.80 quarterly dividend is approved in each remaining quarter of 2026, the annual dividend for 2026 would be $3.20 per share, representing a 31% payout of 2025 diluted net income per share.
4. Guidance / Outlook · Guidance & outlookPriority 58
   2 forward row(s); quote_verified
   Sherwin-Williams raised its full-year 2026 sales guidance to project mid to high-single digit percentage sales growth.
5. Liquidity and Cash Position · Liquidity & cash positionPriority 45
   qualitative only
   Shareholders’ equity at March 31, 2026: $4,431.1 million; at December 31, 2025: $4,598.3 million; at March 31, 2025: $4,130.1 million.
6. Geographic Revenue Shift · Geographic mixPriority 43
   +6.4% revenue (realized)
   Consolidated Net sales of all consolidated foreign subsidiaries for the quarter ended March 31, 2026: $1,279.0 million versus $1,045.0 million in the quarter ended March 31, 2025.
7. Capital Expenditures and PP&E · Capital expenditurePriority 41
   +2.3% assets (realized); 2 forward row(s)
   In 2026 the Company expects to spend less than 2025 for capital expenditures and targets core capital expenditures to be approximately 2% of Net sales in 2026.
8. Consolidated Net Sales Growth · Revenue growth & mixPriority 41
   +6.3% revenue (realized)
   Consolidated Net sales for the quarter ended March 31, 2026: $5,666.9 million, an increase of 6.8% from the prior-year quarter.
9. Acquisition / Suvinil · M&A and divestituresPriority 40
   +2.6% revenue (realized)
   Net sales in the Consumer Brands Group for the quarter ended March 31, 2026 increased primarily as a result of the October 2025 acquisition of Suvinil (17.2% reported acquisition impact) and a 2.4% impact from favorable foreign currency translation.
10. Operating Expense Trends · Operating expenses (SG&A)Priority 40
    -4.4% operating_income (realized)
    Administrative function Income before income taxes for the quarter ended March 31, 2026: $(308.6) million versus $(232.8) million in the quarter ended March 31, 2025, a $(75.8) million deterioration (32.6%).
11. Outstanding Indebtedness · Debt, leverage & refinancingPriority 40
    -3.5% liability (realized)
    Short-term borrowings at March 31, 2026: $2,376.6 million; at December 31, 2025: $1,200.5 million; at March 31, 2025: $1,798.5 million.
12. Net Working Capital · Working capitalPriority 38
    +1.7% assets (realized)
    Net working capital (Total current assets less Total current liabilities) at March 31, 2026: a deficit of $1.035 billion, an increase of $802.1 million from a deficit of $1.837 billion at March 31, 2025.

Threads by pillar

Revenue & Demand Priority 82 · 6 threads

• Revenue Performance and MixPriority 67 · News, Filing
• Consolidated Net Sales GrowthPriority 41 · Filing
• Quarterly Results SnapshotPriority 32 · Filing
• Paint Stores Demand TrendsPriority 38 · Filing
• Consumer Brands Volume ShiftPriority 35 · Filing
• Geographic Revenue ShiftPriority 43 · Filing

Costs & Margins Priority 60 · 5 threads

• Operating Expense TrendsPriority 40 · Filing
• Consumer Brands Profitability ImprovementPriority 32 · Filing
• Gross Margin DriversPriority 26 · Filing
• Supply Chain Inflation RiskPriority 26 · Filing
• Headcount / RestructuringPriority 24 · Filing

Capital & Balance Sheet Priority 84 · 8 threads

• Capital Return ProgramPriority 62 · News, Filing
• Capital Expenditures and PP&EPriority 41 · Filing
• Manufacturing Capacity & CapexPriority 24 · Filing
• Liquidity and Cash PositionPriority 45 · Filing
• Outstanding IndebtednessPriority 40 · Filing
• Net Working CapitalPriority 38 · Filing
• Operating Cash Flow ImprovementPriority 31 · Filing
• Income Tax Rate ChangesPriority 27 · Filing

Strategy & Portfolio Priority 47 · 2 threads

• Acquisition / SuvinilPriority 40 · Filing
• Acquisition / Partnership / DivestiturePriority 34 · Filing

Guidance & Outlook Priority 58 · 1 thread

• Guidance / OutlookPriority 58 · News

Macro & Market Conditions Priority 29 · 2 threads

• FX / Currency HeadwindsPriority 23 · Filing
• Interest RatesPriority 22 · Filing

Unclassified Priority 70 · 2 threads

• Real Estate FinancingPriority 67 · News, Filing
• Performance Coatings Growth AreasPriority 29 · Filing

Expected impact by metric