Sherwin-Williams Q3 Sales Rise 7.9% to $6.86 Billion; Adjusted EPS Reaches $3.63

What happened

Sherwin-Williams reported third-quarter 2026 net sales of $6.86 billion, up 7.9% from a year earlier. Diluted earnings per share rose 0.9% to $3.38, adjusted diluted earnings per share rose 1.1% to $3.63, and net income fell 1.5% to $821.0 million.

Confirmed

Global impact / market context

Sales grew faster than profit, and gross profit fell to 47.8% of sales from 49.2%, which means profit per sale weakened as raw material costs rose. That squeezes the cash left after producing goods and can limit how much the company reinvests or returns to shareholders.

Analyst inference

Growth was uneven: Paint Stores same-store sales, which track shops open at least a year, rose 3.9%, Consumer Brands jumped 21.7% partly on the Suvinil acquisition, and Performance Coatings rose 8.8%. North American consumer demand stayed soft, so professional customers and acquisitions carried results while costs pressured profit.

Analyst inference

What to watch

1. The company expects full-year 2026 diluted earnings per share of $10.92 to $11.22 and adjusted diluted earnings per share of $11.85 to $12.15. Confirmed
2. Watch whether Sherwin-Williams can pass higher raw material costs into prices without losing volume, since mid-single-digit pricing increases and low-single-digit volume growth drove Paint Stores sales. Proposed
3. Watch North American consumer demand and the Suvinil acquisition's contribution, because Consumer Brands sales grew 21.7% while underlying North American demand remained soft. Analyst inference

Evidence

• Original source link unavailable