Earnings summaries and quarterly performance for SHERWIN WILLIAMS.
Executive leadership at SHERWIN WILLIAMS.
Heidi Petz
Detailed
Chair, President and Chief Executive Officer
CEO
AM
Allen Mistysyn
Detailed
Senior Vice President – Finance and Chief Financial Officer
BM
Benjamin Meisenzahl
Detailed
Senior Vice President – Finance and Chief Financial Officer (effective January 1, 2026)
JB
Justin Binns
Detailed
President, Global Architectural
KJ
Karl Jorgenrud
Detailed
President, Global Industrial
MG
Mary Garceau
Detailed
Senior Vice President – Chief Legal Officer and Secretary
Board of directors at SHERWIN WILLIAMS.
Research analysts who have asked questions during SHERWIN WILLIAMS earnings calls.
AY
Aleksey Yefremov
KeyBanc Capital Markets
9 questions for SHW
Also covers: ALB, ALTM, AXTA +14 more
AV
Arun Viswanathan
RBC Capital Markets
9 questions for SHW
Also covers: ALB, AMBP, AMCR +25 more
Garik Shmois
Loop Capital Markets
9 questions for SHW
Also covers: ACA, AMWD, AWI +13 more
Ghansham Panjabi
Robert W. Baird & Co.
9 questions for SHW
Also covers: AMCR, ATR, AVNT +20 more
Gregory Melich
Evercore ISI
9 questions for SHW
Also covers: AAP, ASO, AZO +8 more
JE
John Ezekiel Roberts
Mizuho Securities
9 questions for SHW
Also covers: ALB, APD, ASH +21 more
John McNulty
BMO Capital Markets
9 questions for SHW
Also covers: APD, ASH, AVY +14 more
Kevin McCarthy
Vertical Research Partners
9 questions for SHW
Also covers: ALB, ALTM, APD +17 more
Patrick Cunningham
Citigroup
9 questions for SHW
Also covers: ALB, APD, AXTA +17 more
Vincent Andrews
Morgan Stanley
9 questions for SHW
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DB
David Begleiter
Deutsche Bank
8 questions for SHW
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LA
Laurence Alexander
Jefferies
8 questions for SHW
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Eric Bosshard
Cleveland Research Company
7 questions for SHW
Also covers: DHI, LOW, MHK +4 more
JZ
Jeffrey Zekauskas
JPMorgan Chase & Co.
7 questions for SHW
Also covers: ALB, AMCR, APD +31 more
CP
Chris Parkinson
Wolfe Research, LLC
6 questions for SHW
Also covers: ASH, AXTA, CCK +7 more
CC
Chuck Cerankosky
Northcoast Research
6 questions for SHW
Also covers: CASY, KR, NGVC +4 more
JS
Josh Spector
UBS Group
6 questions for SHW
Also covers: ALB, AMBP, APD +28 more
MH
Mike Harrison
Seaport Research Partners
6 questions for SHW
Also covers: ASH, AVD, AVNT +14 more
Duffy Fischer
Goldman Sachs
5 questions for SHW
Also covers: APD, AXTA, CC +9 more
Michael Sison
Wells Fargo
5 questions for SHW
Also covers: ALB, APD, ASH +16 more
Aron Ceccarelli
Berenberg
4 questions for SHW
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Matthew Deyoe
Bank of America
4 questions for SHW
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CC
Charles Cerankosky
Northcoast Research
3 questions for SHW
Also covers: ACI, CASY, COST +5 more
CP
Christopher Parkinson
Wolfe Research
3 questions for SHW
Also covers: ALB, APD, ASH +17 more
Joshua Spector
UBS
3 questions for SHW
Also covers: ALB, AMBP, APD +37 more
MH
Michael Harrison
Seaport Research Partners
3 questions for SHW
Also covers: APD, ASH, AVNT +17 more
Michael Leithead
Barclays
3 questions for SHW
Also covers: AMBP, APD, AVY +15 more
Mike Sison
Wells Fargo
3 questions for SHW
Also covers: CE, DOW, EMN +2 more
PF
Patrick Fischer
Goldman Sachs
3 questions for SHW
Also covers: APD, AXTA, CC +8 more
Steve Byrne
Bank of America
3 questions for SHW
Also covers: ADM, APD, AXTA +19 more
AB
Adam Baumgarten
Zelman & Associates
2 questions for SHW
Also covers: AMWD, AWI, AZEK +12 more
Jeff Chaykowski
JPMorgan Chase & Co.
2 questions for SHW
MD
Matt Dale
Bank of America
2 questions for SHW
Also covers: LIN
DF
Duffy Fisher
Goldman Sachs Group Inc.
1 question for SHW
Emily Fusco
Deutsche Bank
1 question for SHW
Also covers: APD, CBT, CTVA +3 more
MS
Mike Sisson
Wells Fargo Securities
1 question for SHW
Also covers: EMN
Recent press releases and 8-K filings for SHW.
Sherwin-Williams reports Q4 and FY2025 results
SHW
Earnings
Guidance Update
M&A
- Q4 consolidated sales rose by a mid-single-digit percentage (incl. low-single-digit contribution from Suvinil), with adjusted EPS up 6.7%, adjusted EBITDA +13.4% to 17.7% margin, and free cash flow conversion of 90.1%.
- FY2025 delivered record consolidated sales and adjusted diluted EPS of $11.43, net operating cash grew 9.4% to $3.5 billion (14.6% of sales), and free cash flow was $2.7 billion (59% conversion).
- Returned $2.5 billion to shareholders via share repurchases and dividends (47th consecutive dividend increase); net debt/EBITDA was 2.3×, and the 401(k) match was reinstated effective February 1, 2026.
- Completed the Suvinil acquisition, integrating the first full quarter in Q4 (dilutive to margin but flat excl. purchase accounting); plan to open 80–100 net new stores in U.S. and Canada in 2026.
- 2026 guidance: consolidated sales up low- to mid-single digits, diluted net income per share of $10.70–$11.10 (adjusted $11.50–$11.90).
Jan 29, 2026, 3:00 PM
Sherwin-Williams reports Q4 2025 results
SHW
Earnings
Guidance Update
- Sherwin-Williams posted 4Q 2025 sales of $5.596 B, up 5.6% Y/Y, with gross margin at 48.5% (-10 bps) and SG&A at 34.6% of sales (-90 bps).
- Adjusted EPS rose 6.7% to $2.23, and adjusted EBITDA increased 13.4% to $993.1 M (17.7% of sales).
- Net operating cash flow grew 16.9% to $1.093 B, achieving a free cash flow conversion of 90.1%.
- For 1Q 2026, Sherwin-Williams expects mid-single-digit sales growth, and full-year adjusted EPS of $11.50–$11.90.
Jan 29, 2026, 3:00 PM
Sherwin-Williams reports Q4 2025 results and issues 2026 guidance
SHW
Earnings
M&A
Guidance Update
- In Q4 2025, consolidated sales rose mid-single digits, including a low-single-digit contribution from the Suvinil acquisition; adjusted diluted EPS increased 6.7%, adjusted EBITDA grew 13.4% (margin of 17.7%), and free cash flow conversion was 90.1%.
- For full-year 2025, the company delivered record consolidated sales and record adjusted diluted EPS of $11.43, with net operating cash up 9.4% to $3.5 billion, free cash flow of $2.7 billion (59% conversion), net debt/EBITDA of 2.3×, $2.5 billion returned to shareholders, and completion of the Suvinil acquisition.
- Q4 segment highlights: Paint Stores Group saw high-single-digit growth in Protective & Marine and mid-single-digit in Residential Repaint; Consumer Brands sales benefited from Suvinil; Performance Coatings margin expanded 150 bps to 19%.
- 2026 guidance: consolidated sales up low- to mid-single-digit %, diluted EPS of $10.70–$11.10 ($11.50–$11.90 adjusted for acquisition amortization), low-single-digit positive price mix, raw materials up low single digits, SG&A up low single digits, and year-end net debt/EBITDA of 2.0–2.5×.
Jan 29, 2026, 3:00 PM
Sherwin-Williams reports Q4 2025 results and issues 2026 outlook
SHW
Earnings
Guidance Update
- In Q4 2025, consolidated sales rose by a mid-single-digit percentage, adjusted diluted EPS increased 6.7%, adjusted EBITDA grew 13.4% (17.7% of sales) and free cash flow conversion was 90.1% year-over-year.
- For full year 2025, the company delivered record consolidated sales and record adjusted diluted EPS; net operating cash grew 9.4% to $3.5 billion (14.6% of sales), free cash flow was $2.7 billion with 59% conversion, and net debt/EBITDA ended at 2.3× after returning $2.5 billion to shareholders.
- 2026 outlook calls for consolidated sales up low- to mid-single-digit, adjusted diluted EPS of $11.50–$11.90 excluding ~$0.80/share of acquisition amortization, with raw materials and GAAP SG&A each expected to increase low single digits.
Jan 29, 2026, 3:00 PM
Sherwin-Williams reports Q4 and full-year 2025 results
SHW
Earnings
Guidance Update
Share Buyback
- FY 2025 consolidated net sales increased 2.1% to $23.57 billion; diluted net income per share was $10.26 (-2.7%), and adjusted diluted net income per share was $11.43 (+0.9%).
- Q4 2025 net sales rose 5.6% to $5.596 billion; diluted EPS was $1.92 (+1.1%) and adjusted diluted EPS was $2.23 (+6.7%).
- Generated $3.45 billion of net operating cash (14.6% of sales) and returned $2.4 billion to shareholders through dividends and share repurchases.
- 2026 guidance: diluted EPS of $10.70–$11.10, adjusted diluted EPS of $11.50–$11.90, and net sales growth of low- to mid-single digits.
Jan 29, 2026, 12:08 PM
Sherwin-Williams reports 2025 full-year and Q4 results
SHW
Earnings
Guidance Update
Share Buyback
- Full-year net sales rose 2.1% to $23.57 billion in 2025 versus 2024.
- Full-year diluted EPS was $10.26 (down 2.7%), while adjusted diluted EPS increased 0.9% to $11.43.
- Q4 net sales grew 5.6% to $5.60 billion, and adjusted diluted EPS rose 6.7% to $2.23.
- Generated $3.45 billion in net operating cash (14.6% of net sales) and returned $2.4 billion to shareholders via dividends and share repurchases.
- 2026 guidance calls for adjusted diluted EPS of $11.50 – $11.90 and diluted EPS of $10.70 – $11.10.
Jan 29, 2026, 12:00 PM
Sherwin-Williams amends and restates credit agreement
SHW
Debt Issuance
- On November 17, 2025, Sherwin-Williams entered into an Amended and Restated Credit Agreement with Citicorp USA, Inc., extending the maturity of $75 million of revolving and letter of credit commitments from December 20, 2025 to December 20, 2030.
- The new agreement carries substantially the same representations, warranties, covenants, and events of default as the prior May 9, 2016 facility.
- Total commitments under the facility step down over time, starting at $875 million through June 20, 2026 and declining to $200 million by December 20, 2030.
Nov 17, 2025, 7:45 PM
Sherwin-Williams reports Q3 2025 results
SHW
Earnings
Guidance Update
M&A
- Consolidated sales increased at the high end of the guided range; adjusted EBITDA margin expanded 60 bps to 21.4%; adjusted diluted EPS grew 6.5%; $864 million returned to shareholders via share repurchases and dividends.
- Paint Stores Group sales rose mid-single digits % with high-end, low-single-digit price mix and low-single-digit volume growth; segment profit grew mid-single digits % and segment margin increased by 40 bps.
- Consumer Brands Group: price mix up low single digits %, volume down mid-single digits %, FX a slight headwind; adjusted segment margin improved despite an 85 bps restructuring drag; closed the Suvinil acquisition and eight net Sherwin-Williams stores in Latin America.
- Performance Coatings Group sales in line with expectations; volume, acquisitions, and FX up low single digits %; packaging grew double digits and auto-refinish mid-single digits; segment profit and margin declined with a 30 bps restructuring headwind.
- Updated full-year 2025 guidance: sales up low single digits % vs. 2024; adjusted diluted EPS of $11.25–$11.45; plan to open 80–100 North American paint stores.
Oct 28, 2025, 2:00 PM
Sherwin-Williams reports Q3 2025 results
SHW
Earnings
Guidance Update
M&A
- Sherwin-Williams delivered solid third-quarter performance with consolidated sales up at the high end of its guided range, adjusted EBITDA margin expanding 60 bps to 21.4%, and adjusted diluted EPS rising 6.5%.
- The company returned $864 million to shareholders through share repurchases and dividends year-to-date.
- Closed the acquisition of Suvinil, bolstering its Consumer Brands Group footprint in Latin America.
- Raised full-year 2025 sales guidance to up low single-digit % versus 2024 and narrowed adjusted diluted EPS outlook to $11.25–$11.45 per share.
- 2026 initial outlook includes a 7% price increase in Paint Stores Group effective January 1, raw material costs up low single digits, and expectations for a “softer for longer” demand environment.
Oct 28, 2025, 2:00 PM
Sherwin-Williams reports Q3 2025 results
SHW
Earnings
M&A
Guidance Update
- Consolidated sales increased at the high end of guided range, with Paint Stores and Consumer Brands outperforming and Performance Coatings in line; adjusted EBITDA margin expanded 60 bps to 21.4% and adjusted EPS grew 6.5%
- Returned $864 million to shareholders through share repurchases and dividends; opened 23 net new stores in Q3 and 61 year-to-date, driving volume growth
- Closed acquisition of Suvinil in Latin America, expected to boost Q4 consolidated sales by a low-single-digit % with mid-teens EBITDA accretion potential and minimal EPS headwind
- Temporarily paused company 401(k) matching contributions effective October 1 to preserve jobs amid prolonged soft demand, with plans to reinstate once performance allows
Oct 28, 2025, 2:00 PM
Quarterly earnings call transcripts for SHERWIN WILLIAMS.
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