SHW · 10-Q · 2026Q1 · Full report

Performance Coatings Growth Areas

SHERWIN WILLIAMS CO · 2026-04-28 · Importance 37 · Surprise 32

Performance Coatings Group Net sales rose 6.5% in Q1 2026, with a 4.1% favorable impact from foreign currency translation and low-single digit sales volume growth. Growth was concentrated in Automotive Refinish (double-digit increase), General Industrial and Packaging (high-single digit increases), and Coil (mid-single digit increase). The performance suggests aftermarket automotive and industrial packaging end-markets were notable demand drivers in the quarter. Management indicates modest margin expansion in the segment driven by higher volumes and FX benefits.

Key facts

• Within Performance Coatings, Automotive Refinish increased by a double-digit percentage, General Industrial and Packaging increased by high-single digit percentages, and Coil increased by a mid-single digit percentage in the quarter ended March 31, 2026.
• Net sales in the Performance Coatings Group increased in the quarter ended March 31, 2026 primarily due to a 4.1% impact from favorable foreign currency translation and low-single digit percentage sales volume growth.
• Performance Coatings Group Gross profit increased $40.2 million in the quarter ended March 31, 2026 versus the quarter ended March 31, 2025 primarily due to favorable foreign currency translation and sales volume growth.

Impact estimates