SHW · 10-Q · 2026Q1 · Full report
Geographic Revenue Shift
SHERWIN WILLIAMS CO · 2026-04-28 · Importance 47 · Surprise 48
Net sales of consolidated foreign subsidiaries increased to $1.279 billion in Q1 2026 from $1.045 billion in Q1 2025, an increase driven by higher net sales across all regions and led by Latin America (inclusive of the Suvinil acquisition). The Company reports that Net sales of operations outside consolidated foreign subsidiaries increased to $4.388 billion compared to $4.261 billion in the prior year period. Consumer Brands growth also included increased Net sales in Europe while certain North American DIY demand softened. These geographic shifts materially impacted consolidated revenue composition in Q1 2026.
Key facts
- Consolidated Net sales of all consolidated foreign subsidiaries for the quarter ended March 31, 2026: $1,279.0 million versus $1,045.0 million in the quarter ended March 31, 2025.
- Net sales of all operations other than consolidated foreign subsidiaries for the quarter ended March 31, 2026: $4,388.0 million versus $4,261.0 million in the quarter ended March 31, 2025.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +4.1% | Consolidated Net sales of all consolidated foreign subsidiaries for the quarter ended March 31, 2026: $1,279.0 million versus $1,045.0… |
| revenue | positive | realized | +2.2% | Net sales of all operations other than consolidated foreign subsidiaries for the quarter ended March 31, 2026: $4,388.0 million versus… |