SHW
NYSE · Basic Materials · Chemicals - Specialty · US
Research · Oct 29, 2026
Sherwin-Williams (SHW) Q3 2026: Gross Margin Falls 140bp as Costs Outpace Price
Sherwin-Williams Q3 2026 sales rose 7.9% and paint store volume grew after an 8% price increase, but gross margin fell 140bp and adjusted EPS rose just 1.1%.
Research · Oct 3, 2026
[SHW] Sherwin-Williams: Q3 2026 earnings preview after an 8% paint price hike
Sherwin-Williams grew Q2 2026 sales 7.5% to $6.79 billion with paint-store comps up 4.2%; Q3 tests whether store volume keeps growing after an 8% September price increase.
Research · Sep 3, 2026
[SHW] Sherwin-Williams Thesis 2026: Pro Cycle Softness Pauses Buybacks, Awaiting Turn
Sherwin-Williams FY25 (Dec 31, 2025) at $23.57B revenue (+2.1%). OpInc $3.80B (+1.1%); margin 16.1%. Net income $2.57B (-4.2%); Diluted EPS $10.27. OCF $3.45B; Capex $798M; FCF $2.65B (+27%). $0 buybacks FY25 (vs $1.74B FY24, $1.43B FY23). Div $790M (+9%). Total debt $14.5B (+$2.6B). Wells Fargo downgraded OW→EW (Apr 10, $410→$365); Mizuho $410→$371; UBS $420→$380; Citi $410→$385.