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Sherwin-Williams Reports Q3 2025 Financial Results

The Sherwin-Williams Company, a leader in the paint and coatings industry, submitted its financial performance report for the third quarter ending September 30, 2025. This report reflects a moderate increase in sales and net income compared to the previous year, signaling resilience amid a challenging market landscape.

Summary of Financial Performance

For Q3 2025, consolidated net sales stood at $6.36 billion, marking a 3.2% increase from the same period in 2024. Notably, sales from stores within the Paint Stores Group, which have been operational for over twelve months, experienced a more robust growth rate of 3.6%. The earnings per diluted share also rose, presenting an increase of 5.3%, from $3.18 in Q3 2024 to $3.35 in Q3 2025. Furthermore, adjusted diluted earnings per share improved by 6.5%, reaching $3.59.

Net income for the quarter reached $833.1 million, which represents 13.1% of the total net sales, reflecting a 3.3% increment from the previous year. The company's Adjusted EBITDA also rose to $1.36 billion, corresponding to 21.4% of net sales, up by 6.0%.

CEO Heidi G. Petz expressed satisfaction with the results, emphasizing that Sherwin-Williams managed to navigate a prolonged period of softer demand by focusing on customer service, investment opportunities, and cost control. She noted the strategic execution has allowed the company to maintain competitive pricing while addressing the evolving needs of professional contractors.

Sales Breakdown by Segment

The company's performance varied across its business segments:

Paint Stores Group

The Paint Stores Group reported a 5.1% increase in net sales, totaling $3.84 billion for Q3 2025, with segment profits increasing to $954.3 million. This growth was largely driven by rising prices and an uptick in sales volume across all customer segments, particularly in protective and marine coatings, as well as residential repainting and commercial markets.

Consumer Brands Group

In contrast, the Consumer Brands Group faced ongoing challenges, with net sales declining by 2.6% to $770.1 million. The group experienced pressure due to lower demand for DIY products, shifting solution focus to capitalize on growth across other regions, particularly Europe. There was a light improvement in adjusted segment margins, despite multiple pressures faced during the quarter.

Performance Coatings Group

The Performance Coatings Group also noted a slight sales increase, with net sales reaching $1.75 billion, this is a 1.7% rise compared to the previous year. Although the segment profits experienced a minor drop, the company remains optimistic about future growth driven by strategic acquisitions and innovations in solutions.

Future Outlook

Sherwin-Williams has adjusted its outlook to reflect a cautious optimism, now forecasting low to mid-single digit percentage growth in consolidated net sales for Q4 2025 and a diluted net income per share guidance in the range of $10.16 to $10.36. The full-year adjusted diluted net income per share is expected to land between $11.25 and $11.45. The company continues to prepare for a competitive yet promising future by focusing on solutions that enhance productivity and profitability for its clients.

Conclusion

As an industry leader, Sherwin-Williams's ability to report overall growth in net sales and earnings amid economic challenges underscores the effectiveness of its strategic initiatives. The management’s commitment to stability during fluctuating demand showcases a forward-thinking approach that aims to strengthen its market position long-term. Investors and stakeholders alike can look forward to the outcomes of Sherwin-Williams's continued execution of its strategic priorities in the forthcoming quarters.