SHW · 10-Q · 2026Q1 · Full report

Acquisition / Suvinil

SHERWIN WILLIAMS CO · 2026-04-28 · Importance 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.

Key facts

• 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.
• Suvinil purchase price allocation adjustments increased Property, plant and equipment by $48.1 million in the first three months of 2026 and contributed $193.7 million of assets acquired through business combinations since March 31, 2025.

Impact estimates