Sherwin-Williams Company (SHW)
NYSE:SHW
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Earnings Data
Report Date
Jul 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.5Last Year’s EPS
3.38Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call reported multiple clear operational and financial positives — high single-digit consolidated sales growth, 90 bps gross margin expansion, mid/high single-digit gains in adjusted EPS and EBITDA, improved cash flow (+$200M), and substantial shareholder returns — alongside ongoing execution on share gains across segments. However, the tone was cautious given persistent demand softness across many end markets, elevated raw material inflation (revised to up low–mid single digits), geopolitical supply risk tied to the Middle East, moderation in volume expectations, and some acquisition-related dilution and SG&A headwinds. Management emphasized disciplined pricing (more surgical), cost-outs, and confidence in execution and the balance sheet. Overall the call presented a balanced picture of strong execution and results tempered by material external inflationary and demand headwinds.Company Guidance
Consolidated Sales Growth
Consolidated sales grew a high single-digit percentage in Q1 2026, inclusive of a low single-digit contribution from the Suvenil acquisition; sales exceeded guidance on a consolidated basis and across all three reportable segments.
Gross Margin Expansion
Reported gross margin expanded by 90 basis points year-over-year in Q1 (despite a dilutive impact from Suvenil); this marks 14 of the last 15 quarters with year-over-year gross margin expansion.
Profitability and Cash Flow Improvement
Adjusted diluted net income per share increased by a mid single-digit percentage and adjusted EBITDA increased by a high single-digit percentage in the quarter; net operating cash improved by $200 million driven by higher net income and lower working capital use.
Strong Capital Returns and Balance Sheet
Returned $773 million to shareholders in the quarter through share repurchases and dividends; ended Q1 with a net debt to adjusted EBITDA ratio of 2.5x, described as a strong balance sheet.
Paint Stores Group Outperformance and Store Optimization
Paint Stores Group grew by a mid single-digit percentage with both price/mix and volume increasing low single digits; residential repaint returned to mid single-digit growth; opened 21 new stores, closed 27 stores (~0.5% of PSG stores) and continue to expect 80–100 new store openings for the year.
Consumer Brands Momentum (Including Suvenil)
Consumer Brands sales exceeded expectations driven by high-teens growth from the Suvenil acquisition; excluding Suvenil, Consumer Brands grew low single digits with Europe up high teens and Latin America up high single digits; adjusted segment flow-through was strong at 34.3% and adjusted segment margin improved.
Performance Coatings Broad Growth
Performance Coatings Group delivered better-than-expected sales slightly above the mid single-digit range with growth across all divisions and regions: volume grew low single digits, automotive refinish up low-teens, packaging up high single digits, and double-digit regional growth in Asia Pacific and Europe; adjusted segment profit rose by mid single digits.
Pricing and Cost Management Actions
Company increased its consolidated price/mix expectation to the high end of its low single-digit range and described a more surgical, customer- and region-specific pricing approach; also emphasized accelerated cost-out actions and strategic supplier relationships to manage inflation and supply risk.
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 |
|---|---|---|---|
Apr 28, 2026 | $336.10 | $324.27 | -3.52% |
Jan 29, 2026 | $348.83 | $353.80 | +1.42% |
Oct 28, 2025 | $334.56 | $352.84 | +5.47% |
Jul 22, 2025 | $339.02 | $337.80 | -0.36% |
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 Jul 28, 2026, Before Open (Confirmed).
What is Sherwin-Williams Company (SHW) earnings time?
Sherwin-Williams Company (SHW) earnings time is at Jul 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 (Q2) is 3.5.
