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Sherwin-Williams Company (SHW)
NYSE:SHW
Earnings Data
Report Date
Apr 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.28Last Year’s EPS
2.25Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The company reported solid financial performance and record results for 2025 (sales, adjusted EPS, expanded EBITDA margin, strong cash generation and disciplined SG&A control) while navigating a persistent weak demand environment. Management provided realistic, slightly growth-oriented guidance for 2026 (low- to mid-single-digit sales growth and modest adjusted EPS growth) and highlighted cost control, pricing actions, store expansion and strategic integration of Suvenil as levers to offset raw material, tariff and interest-cost headwinds. The call balanced tangible operational and financial achievements against significant macro and commodity challenges that are expected to persist into 2026.Company Guidance
Record Full-Year Sales and EPS
Company delivered record full-year consolidated sales and record adjusted diluted net income per share (2025 adjusted diluted EPS $11.43). Full-year adjusted diluted EPS growth guidance midpoint of $11.70 implies +2.4% versus 2025 (excluding acquisition amortization).
Quarterly Profitability and Margin Expansion
In Q4 adjusted EBITDA grew 13.4% year-over-year and adjusted EBITDA margin expanded 120 basis points to 17.7% of sales. Adjusted diluted net income per share in the quarter increased 6.7%.
Strong Cash Generation and Capital Returns
Full-year net operating cash grew 9.4% to $3.5 billion (14.6% of sales). Free cash flow was $2.7 billion with full-year free cash flow conversion of 59%; Q4 free cash flow conversion was 90.1%. Returned $2.5 billion to shareholders via buybacks and dividends and raised the dividend for the 47th consecutive year.
Paint Stores Group Resilient with Margin Improvement
Paint Stores Group sales increased in expected range in Q4; protective & marine grew high single digits and residential repaint grew just below mid-single digits versus a tough comp. Segment margin expanded 90 basis points to 20.8% in Q4; positive price/mix contributed in low single digits.
Performance Coatings Strong Execution
Performance Coatings Group sales were at the high end of expectations in Q4. Adjusted segment margin improved 150 basis points to 19%, driven by new business wins and SG&A control (SG&A down mid-single digits in the quarter). Packaging grew at the high end of high single digits for the year.
Successful Integration Start and Strategic Acquisition
Completed acquisition of Suvenil and delivered the first full quarter including the business; Consumer Brands sales from acquisition and FX contributed to Q4 upside and Suvenil is expected to be a strategic growth asset in Brazil/LatAm.
Administrative Cost Discipline
Administrative SG&A decreased low single digits in Q4 including one-time restructuring (~$2 million). Excluding restructuring and non-annualized new building operating costs, administrative SG&A declined low teens, improving sequentially versus Q3.
Practical, Positive 2026 Guidance
Initial 2026 guidance: consolidated sales up low- to mid-single-digit; GAAP diluted net income per share $10.70–$11.10; adjusted diluted EPS $11.50–$11.90 (excl acquisition amortization $0.80). Company expects to remain within target net debt/adjusted EBITDA leverage (2.0–2.5x) and plans 80–100 net new stores.
SHW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SHW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $349.60 | $354.58 | +1.42% |
Oct 28, 2025 | $335.30 | $353.62 | +5.47% |
Jul 22, 2025 | $339.77 | $338.54 | -0.36% |
Apr 29, 2025 | $329.99 | $345.81 | +4.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sherwin-Williams Company (SHW) report earnings?
Sherwin-Williams Company (SHW) is schdueled to report earning on Apr 28, 2026, Before Open (Confirmed).
What is Sherwin-Williams Company (SHW) earnings time?
Sherwin-Williams Company (SHW) earnings time is at Apr 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SHW EPS forecast?
SHW EPS forecast for the fiscal quarter 2026 (Q1) is 2.28.
