Sherwin-Williams Q3 FY2026: sales up 7.9%, adjusted EPS misses consensus
Sherwin-Williams grew third-quarter sales 7.9% to $6.86 billion but squeezed less of it into profit: gross margin fell to 47.8% and adjusted EPS of $3.63 landed below the $3.72 consensus. Net income slipped 1.5% to $821.0 million. The read: price increases and the Suvinil acquisition carried the top line while raw material costs and mix ate the upside, leaving full-year guidance intact but demand muted.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $3.38 rose just 0.9% and came in well below the $3.72 consensus; adjusted EPS of $3.63 also fell short. Net income actually declined 1.5% to $821.0 million because cost of goods sold rose 10.8%, faster than sales. Buybacks softened the blow by shrinking the diluted share count to 242.8 million from 249.0 million.
Sales rose 7.9% to $6.86 billion from $6.36 billion a year ago, helped by selling price increases worth a mid-single digit percentage and the Suvinil acquisition. All three segments grew, led by Consumer Brands at 21.7% and Performance Coatings at 8.8%. Paint Stores, the largest piece at $4.02 billion, managed 4.7% with same-store sales up 3.9%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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