Sherwin-Williams Company (SHW) Q3 2026 Earnings
How Did SHW Stock React to Q3 2026 Earnings?
Did SHW Beat Earnings? Q3 2026 Results
No. Sherwin-Williams Company reported Q3 2026 earnings of $3.63 a share on Oct 27, 2026, missing the $3.69 consensus estimate by 1.6%. Revenue was $6.9B against a $6.8B estimate.
Sherwin-Williams delivered a mixed third quarter for fiscal 2026, posting adjusted EPS of $3.63 that fell just short of the $3.69 consensus estimate by 1.56%, snapping a four-consecutive-quarter streak of EPS beats, while revenue of $6.86 billion edged past the $6.78 billion forecast and climbed 7.9% year-over-year. The top-line strength was broad-based, with the Paint Stores Group generating $4.02 billion in sales and same-store growth of 3.9%, and the Performance Coatings Group benefiting from rising demand for specialized industrial coatings, including a notable tailwind from data center construction activity. The earnings shortfall, however, traced largely to margin compression: gross margin contracted to 47.8% from 49.2% a year ago, weighed down by raw material inflation and dilution from the October 2025 Suvinil acquisition in Brazil. Looking ahead, management guided full-year 2026 adjusted EPS to $11.85 to $12.15, against $11.43 in 2025, but cautioned that muted customer sentiment points to <a href="https://247wallst.com/investing/2026/09/29/3-chemical-stocks-bucking-the-dividend-cut-trend-while-peers-slash-payouts/">restrained demand</a> through year-end and into 2027.
- Mid-single digit selling price increases across segments
- Low-single digit volume growth in PSG and PCG
- Suvinil acquisition contributed to CBG revenue growth of 21.7%
- Protective and marine end market led PSG with double digit percentage increase
- General Industrial, Packaging and Coil each increased by double digit percentage in PCG
- SG&A as a percent of sales decreased from 30.7% to 30.2% through ongoing efficiency initiatives
“Sherwin-Williams third quarter performance demonstrated the resilience of our Company and the strength of our strategy in a challenging demand environment. Despite muted underlying market volumes, we continued to win new customers, increase share-of-wallet and deliver sales growth across all three reportable segments, at or above our guidance, supported by the differentiated value and productivity our solutions deliver to customers.”
Sherwin-Williams Company CEO, on the earnings call
What Is Sherwin-Williams Company's Outlook?
For Q4 2026, consolidated net sales are expected to increase by a mid-single digit percentage compared to Q4 2025. Full year 2026 consolidated net sales are expected to be up a mid to high-single digit percentage versus full year 2025. Full year 2026 GAAP diluted EPS is guided at $10.92 to $11.22 (including $0.82/share Valspar acquisition-related amortization and $0.11/share severance and restructuring expenses), compared to $10.26 in 2025. Adjusted diluted EPS is guided at $11.85 to $12.15, compared to $11.43 in 2025. The effective tax rate is expected to be in the low twenty percent range. Management noted that customer sentiment and leading indicators point to muted demand through the remainder of 2026 and into 2027.
SHW YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $6.9B | $6.4B | +7.9% |
| Gross Profit | $3.3B | $3.1B | +4.9% |
| Operating Income | $1.1B | $1.2B | −9.3% |
| Net Income | $821.0M | $833.1M | −1.5% |
SHW Revenue by Segment
When Does Sherwin-Williams Company Report Next?
Figures from SEC filings and company reports. Not investment advice.