Sherwin-Williams highlighted several achievements, such as growth in the Paint Stores Group and a consistent increase in gross margins. However, these positives were overshadowed by reduced earnings guidance and challenges in the demand environment, including underperformance in the Consumer Brands Group and decreased margins in the Performance Coatings Group.

Company Guidance -

Q3 2025

During the call, The Sherwin-Williams Company provided guidance for the remainder of 2025, highlighting several key metrics and strategies. The company reported that consolidated sales were within their guided range, with particular growth in the Paint Stores Group, although this was offset by softness in other segments. They noted a year-over-year increase in gross margin for the twelfth consecutive quarter, despite a low single-digit percentage increase in SG&A for the full year. Adjusted earnings per share decreased due to higher non-operating costs and unexpected new building expenses. Sherwin-Williams returned $716 million to shareholders through share repurchases. Looking ahead, the company reduced its adjusted earnings guidance for the full year due to softer architectural sales volumes and supply chain inefficiencies, but remains committed to delivering above-market growth. They doubled their restructuring initiatives to $105 million for the year, expecting annual savings of approximately $80 million. The company also adjusted its CapEx spending down by $170 million and plans to continue investing in growth initiatives, particularly within the Paint Stores Group, while controlling general and administrative spending.

Paint Stores Group Growth

Sales in the Paint Stores Group increased by a low single-digit percentage, with price mix up by mid-single digits and volume down low single digits. Residential repaint sales grew by mid-single digits, significantly outpacing the market.

Gross Margin Expansion

Sherwin-Williams achieved its twelfth consecutive quarter of year-over-year gross margin expansion. Gross margin in the quarter increased by 60 basis points.

Shareholder Returns

The company returned $716 million to shareholders through share repurchases.

Restructuring Initiatives

The company increased its restructuring initiatives, targeting $105 million or $0.32 per share for the full year, expecting savings of approximately $80 million annually.

Protective and Marine Segment

Protective and marine segment sales increased by high single digits for the fourth straight quarter.

Sherwin-Williams Company (SHW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SHW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	3.47 / -	3.37	―	―	―
Jul 22, 2025	2025 (Q2)	3.76 / 3.38	3.7	-8.65% (-0.32)
Apr 29, 2025	2025 (Q1)	2.15 / 2.25	2.17	3.69% (+0.08)
Jan 30, 2025	2024 (Q4)	2.06 / 2.09	1.81	15.47% (+0.28)
Oct 22, 2024	2024 (Q3)	3.55 / 3.37	3.2	5.31% (+0.17)
Jul 23, 2024	2024 (Q2)	3.49 / 3.70	3.29	12.46% (+0.41)
Apr 23, 2024	2024 (Q1)	2.22 / 2.17	2.04	6.37% (+0.13)
Jan 25, 2024	2023 (Q4)	1.80 / 1.81	1.89	-4.23% (-0.08)
Oct 24, 2023	2023 (Q3)	2.78 / 3.20	2.83	13.07% (+0.37)
Jul 25, 2023	2023 (Q2)	2.70 / 3.29	2.41	36.51% (+0.88)

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
Jul 22, 2025	$341.30	$340.07	-0.36%
Apr 29, 2025	$331.47	$347.37	+4.80%
Jan 30, 2025	$358.84	$363.96	+1.43%
Oct 22, 2024	$379.38	$359.14	-5.34%

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.