SHW · 10-Q · 2026Q1 · Full report

Acquisition / Partnership / Divestiture

SHERWIN WILLIAMS CO · 2026-04-28 · Importance 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 March 31, 2026, primarily as a result of the Suvinil acquisition and related integration activity. Purchase price allocation and acquisition accounting materially affected goodwill and intangible balances: purchase price allocations related to Suvinil contributed to year-over-year increases in goodwill and intangibles (purchase price allocations of $202.3 million to goodwill and $626.0 million to intangible assets over the twelve months ended March 31, 2026), with subsequent Q1 2026 adjustments reducing goodwill by $29.7 million. The Company continues to disclose incremental SG&A and capital expenditure impacts associated with integrating Suvinil into the Consumer Brands Group during 2026.

Key facts

• Goodwill decreased $33.2 million from December 31, 2025 and increased $295.0 million from March 31, 2025.
• Intangible assets decreased $80.5 million from December 31, 2025 and increased $392.2 million from March 31, 2025.
• Diluted net income per share in the quarter ended March 31, 2026 included Valspar acquisition-related amortization expense of $0.20 per share.

Impact estimates