SHW · 10-Q · 2026Q1 · Full report
Operating Cash Flow Improvement
SHERWIN WILLIAMS CO · 2026-04-28 · Importance 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 operating cash generation of $3.652 billion. Management attributes the Q1 improvement to lower cash requirements for working capital and deferred taxes, higher Net income and increased depreciation and amortization. The improvement materially affected short-term liquidity and funded returns to shareholders during the quarter.
Key facts
- The Company generated Net operating cash of $139.1 million in the quarter ended March 31, 2026 and returned cash of $772.7 million to shareholders in the quarter ended March 31, 2026.
- EBITDA for the quarter ended March 31, 2026: $998.2 million versus $917.7 million in the quarter ended March 31, 2025, an increase of 8.8%.
- Net operating cash for the twelve months April 1, 2025 through March 31, 2026: $3,652.0 million; net investing cash used $1,921.0 million; net financing cash used $1,698.0 million.
- Net operating cash for the quarter ended March 31, 2026: a source of $139.1 million compared to a usage of $61.1 million in the quarter ended March 31, 2025.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +13.8% | Net operating cash for the twelve months April 1, 2025 through March 31, 2026: $3,652.0 million; net investing cash used $1,921.0 million;… |
| cash | negative | realized | -7.3% | Net operating cash for the twelve months April 1, 2025 through March 31, 2026: $3,652.0 million; net investing cash used $1,921.0 million;… |
| cash | negative | realized | -6.4% | Net operating cash for the twelve months April 1, 2025 through March 31, 2026: $3,652.0 million; net investing cash used $1,921.0 million;… |
| operating_income | positive | realized | +1.4% | EBITDA for the quarter ended March 31, 2026: $998.2 million versus $917.7 million in the quarter ended March 31, 2025, an increase of 8.8%. |
| cash | positive | realized | +0.5% | The Company generated Net operating cash of $139.1 million in the quarter ended March 31, 2026 and returned cash of $772.7 million to… |