SHW · 10-Q · 2026Q1 · Full report

Headcount / Restructuring

SHERWIN WILLIAMS CO · 2026-04-28 · Importance 53 · Surprise 82

Severance and other restructuring expenses were $19.3 million in Q1 2025 but there were no severance and other restructuring expenses recorded in Q1 2026, representing a year-over-year reduction of 100%.,Diluted net income per share in Q1 2025 included severance and other restructuring charges of $0.06 per share; Q1 2026 did not include such charges, improving comparability of operating results.,Adjusted EBITDA for Q1 2026 excluded severance and other restructuring, resulting in Adjusted EBITDA of $998.2 million versus $937.0 million in Q1 2025 (which included $19.3 million of such charges).

Key facts

• Diluted net income per share in the quarter ended March 31, 2025 included Valspar acquisition-related amortization expense of $0.19 per share and severance and other restructuring expenses of $0.06 per share.