Sherwin-Williams Q2 2026: Sales +7.5%, EPS $3.43, Raises Full-Year Guidance

summarizeSummary

Sherwin-Williams reported Q2 2026 earnings that beat expectations, with sales up 7.5% and adjusted EPS of $3.70. The company raised its full-year guidance, driven by strong performance across all segments and improved operating cash flow.

check_boxKey Events · Earnings and Guidance · SHW

• Q2 Sales Rise 7.5% to $6.79B

  Consolidated net sales increased 7.5% year-over-year to $6.79 billion, driven by higher sales in all reportable segments. Paint Stores Group sales rose 5.1%, Consumer Brands Group surged 21.5% (including the Suvinil acquisition), and Performance Coatings Group grew 6.3%.

• Adjusted EPS of $3.70 Beats Expectations

  Adjusted diluted net income per share increased 9.5% to $3.70, compared to $3.38 in Q2 2025. GAAP diluted EPS was $3.43, up 14.3% from $3.00 a year ago.

• Full-Year Guidance Raised

  Management raised its full-year 2026 guidance, citing continued execution of its growth strategy and effective pricing actions, despite an uncertain demand environment.

• Operating Cash Flow Surges to $1.49B

  Net operating cash increased 41% to $1.49 billion in the first six months of 2026, driven by higher net income and improved working capital management.

auto_awesomeAnalysis · SHW · Trade & Services

Sherwin-Williams delivered a strong second quarter, with revenue up 7.5% to $6.79 billion and adjusted EPS of $3.70 beating expectations. The company raised its full-year guidance, citing broad-based growth across all segments and effective pricing actions. The Paint Stores Group led with a 5.1% sales increase, while the Consumer Brands Group surged 21.5% driven by the Suvinil acquisition. Operating cash flow improved significantly to $1.49 billion, and the company returned $2.23 billion to shareholders through dividends and buybacks. The results reinforce the company's ability to navigate a softer demand environment through pricing power and operational discipline.