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Sherwin-Williams Company Q1 2026 Financial Results

Cleveland, April 28, 2026 – The Sherwin-Williams Company (NYSE: SHW) recently announced its first quarter results, showcasing a robust performance in a landscape marked by global uncertainty. The quarter ending March 31, 2026, saw consolidated net sales climb 6.8% to $5.67 billion, highlighting a resilient business model amid fluctuating market conditions.

Financial Overview

Compared to the same period last year, Sherwin-Williams reported an increase in net income of 6.1%, reaching $534.7 million, which represents approximately 9.4% of net sales for the quarter. Diluted net income per share also saw a significant upturn, reaching $2.15, a 7.5% increase from $2.00 per share in the previous year. Adjusted diluted net income per share improved by 4.4%, marking $2.35 against $2.25 last year.

Segment Performance

The company’s Paint Stores Group, which remains a critical part of their business, experienced a 3.7% increase in net sales, totaling $3.05 billion. Same-store sales grew by 2.4%, reflecting growing demand across several markets. The Consumer Brands Group, bolstered by the recent acquisition of Suvinil, reported a remarkable 19.2% rise in net sales to $908.3 million.

In the Performance Coatings Group, net sales increased by 6.5%, reaching $1.70 billion, driven by favorable foreign currency translations and low-single digit percentage sales volume growth. This segment has maintained profitability, increasing segment profits by 9.3% to $232.4 million.

CEO Remarks

Heidi G. Petz, the Chair and CEO of Sherwin-Williams, expressed satisfaction with the company’s performance under challenging conditions. “Despite heightened global uncertainty and demand softness in many end markets, our growth strategies combined with a relentless focus on new accounts have proven effective. We have exceeded sales expectations across all reportable segments,” she stated.

Looking Ahead

For the full year, Sherwin-Williams reaffirms its diluted net income per share guidance at a range between $10.70 and $11.10 and expects adjusted diluted net income to be between $11.50 and $11.90 per share. The company is closely monitoring the demand landscape and plans to implement incremental pricing strategies to navigate potential inflationary pressures.

Host of the Quarterly Call

To discuss these results further, Sherwin-Williams will hold a conference call at 10 a.m. EDT headed by CEO Heidi G. Petz and other senior executives. This call will be available via webcast on their investor relations website.

With a rich history dating back to 1866, Sherwin-Williams continues to be a leader in the paint and coatings industry, offering products designed for both professionals and consumers alike. Their commitment to innovation and customer service remains at the forefront of their strategy, ensuring growth and performance durability even in challenging times.