Sherwin Williams (SHW) Q3 2025 Earnings
How Did SHW Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: −0.53%.
Did SHW Beat Earnings? Q3 2025 Results
Yes. Sherwin Williams reported Q3 2025 earnings of $3.59 a share on Oct 28, 2025, beating the $3.44 consensus estimate by 4.4%. Revenue was $6.4B against a $6.2B estimate.
Sherwin-Williams posted a convincing Q3 2025 earnings beat, with adjusted diluted EPS of $3.59 clearing the $3.44 consensus by 4.38% and revenue of $6.36 billion topping estimates by 2.60% as sales grew 3.2% year-over-year, landing at the high end of the company's own guided range. The standout driver was the Paint Stores Group, where a 5.1% revenue gain to $3.84 billion, fueled by low-single-digit price increases and broad volume growth across professional end markets, more than offset continued softness in the Consumer Brands segment, which saw sales slip 2.6% amid weak DIY demand in North America. Adjusted EBITDA rose 6.0% to $1.36 billion, representing 21.4% of net sales, even as CEO Heidi Petz acknowledged that demand "remains softer for longer." The company also returned $864 million to shareholders through buybacks and dividends during the quarter. Analysts have converged on a "Moderate Buy" consensus following the results, and Sherwin-Williams narrowed its full-year 2025 adjusted EPS guidance to $11.25 to $11.45, with Q4 net sales expected to grow at a low-to-mid-single-digit pace.
- Selling price increases in PSG contributing low-single digit percentage revenue growth
- Low-single digit percentage volume growth in PSG
- Double-digit percentage increase in protective and marine end market
- Mid-single digit percentage increase in residential repaint and commercial end markets
- Double-digit percentage growth in Packaging within PCG including acquisition contribution
- Automotive Refinish growth in PCG
- Gross margin expansion to 49.2% from 49.1%
- SG&A growth moderation to low-single digit percentage
- Favorable product mix shift in Consumer Brands Group
“Sherwin-Williams delivered solid third quarter results, as we continued to execute our strategy in a demand environment that remains softer for longer as we have previously described. Throughout the quarter, we continued to serve our customers, invest for success, control our costs, take advantage of a unique competitive environment, and execute on our enterprise priorities.”
Sherwin Williams CEO, on the earnings call
What Was Sherwin Williams's Outlook in Q3 2025?
Sherwin-Williams narrowed its full year 2025 guidance. Consolidated net sales are expected to be up a low-single digit percentage versus 2024. Full year diluted net income per share is guided in the range of $10.16 to $10.36, including $0.77 per share of acquisition-related amortization and $0.32 per share of severance and restructuring expenses. Adjusted diluted net income per share is expected in the range of $11.25 to $11.45, representing approximately 0.2% growth at the midpoint versus $11.33 in 2024. For Q4 2025, net sales are expected to increase by a low to mid-single digit percentage. The full year guidance includes the Suvinil acquisition, which closed October 1 and is expected to add a low-single digit percentage to Q4 consolidated net sales with an immaterial impact to Q4 diluted EPS given one-time transaction closing costs and purchase accounting items. The effective tax rate is expected to be in the low twenty percent range.
SHW YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $6.4B | $6.2B | +3.2% |
| Gross Profit | $3.1B | $3.0B | +3.2% |
| Operating Income | $1.1B | $1.1B | −6.2% |
| Net Income | $833.1M | $806.2M | +3.3% |
SHW Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.