SHW · 10-Q · 2026Q1 · Full report
Capital Expenditures and PP&E
SHERWIN WILLIAMS CO · 2026-04-28 · Importance 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.
Key facts
- Net property, plant and equipment increased $68.5 million in the first three months of 2026 and increased $542.5 million in the twelve months since March 31, 2025.
- Net investing cash usage decreased $145.7 million in the quarter ended March 31, 2026 compared to the quarter ended March 31, 2025 primarily due to a 2025 acquisition cash outflow and decreased capital expenditures related to the new global headquarters and technology center.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +2.1% | Net property, plant and equipment increased $68.5 million in the first three months of 2026 and increased $542.5 million in the twelve… |
| assets | positive | realized | +0.3% | Net property, plant and equipment increased $68.5 million in the first three months of 2026 and increased $542.5 million in the twelve… |