Quarterly ResultApr 28, 2026, 07:08 AM
SHW Q1 Net Sales +6.8% to $5.67B; Diluted EPS +7.5% to $2.15
AI Summary
Sherwin-Williams reported strong first-quarter 2026 financial results, with consolidated net sales increasing 6.8% to $5.67 billion and diluted net income per share rising 7.5% to $2.15. The company reaffirmed its full-year 2026 adjusted diluted EPS guidance of $11.50 to $11.90, despite ongoing global uncertainty and soft demand in most end markets. Growth investments and strategic focus contributed to sales exceeding guidance across all three reportable segments.
Key Highlights
- Consolidated Net sales increased 6.8% to $5.67 billion in the quarter.
- Diluted net income per share rose 7.5% to $2.15, compared to $2.00 in Q1 2025.
- Adjusted diluted net income per share increased 4.4% to $2.35.
- Paint Stores Group net sales grew 3.7% to $3,049.9 million, with same-store sales up 2.4%.
- Consumer Brands Group net sales surged 19.2% to $908.3 million, boosted by the Suvinil acquisition.
- Performance Coatings Group net sales increased 6.5% to $1,705.8 million.
- Reaffirmed full-year 2026 adjusted diluted EPS guidance in the range of $11.50 to $11.90.
- Returned $772.7 million to shareholders through dividends and repurchases of 1.6 million shares.