The Sherwin-Williams Company (NYSE:SHW) released its third-quarter 2026 earnings on October 27, 2026, reporting consolidated net sales of $6.86 billion for the three months ended September 30, 2026.

Key Highlights

  • Net sales up 7.9%: Consolidated net sales increased to $6.86 billion from $6.36 billion in the third quarter of 2025.
  • Diluted EPS of $3.38: Diluted net income per share rose 0.9% from $3.35 in the prior-year quarter; adjusted diluted EPS increased 1.1% to $3.63.
  • Net income declined: Net income decreased 1.5% to $821.0 million, or 12.0% of net sales, according to the filing.
  • Adjusted EBITDA of $1.40 billion: Adjusted EBITDA increased 3.3% and represented 20.5% of net sales in the quarter.
  • Shareholder returns in the quarter: The company returned $749.0 million to shareholders through dividends and share repurchases in Q3 2026.
  • Full-year guidance revised: Full-year 2026 diluted net income per share guidance was set in the range of $10.92 to $11.22; adjusted diluted EPS guidance was narrowed to $11.85 to $12.15.
  • Paint Stores Group same-store sales: Net sales from stores open more than twelve calendar months increased 3.9% in the quarter.

Sherwin-Williams Q3 2026 Segment and Financial Performance Details

According to the filing, consolidated net sales growth of 7.9% was driven by higher net sales across all three reportable segments, including the contribution of the October 2025 acquisition of Suvinil, as well as selling price increases that "impacted Net sales by a mid-single digit percentage." Income before income taxes increased slightly to $1.06 billion, or 15.5% of net sales, compared to $1.06 billion, or 16.7% of net sales, in the prior-year period. The filing attributed the modest increase to higher net sales, partially offset by elevated raw material and supply chain costs, incremental SG&A from the Suvinil acquisition, and additional interest expense.

The Paint Stores Group reported net sales of $4.02 billion, up 4.7%, with segment profit increasing 2.1% to $974.3 million. The Consumer Brands Group saw net sales rise 21.7% to $937.4 million, largely due to the Suvinil acquisition, though segment profit fell 7.1% to $146.2 million, reflecting higher raw material costs and incremental SG&A. The Performance Coatings Group reported net sales of $1.90 billion, up 8.8%, with segment profit increasing 6.2% to $255.2 million.

For the first nine months of 2026, the company disclosed it generated $2.59 billion in net operating cash and returned $2.98 billion to shareholders through dividends and repurchases of 7.1 million shares. At September 30, 2026, the company reported remaining authorization to purchase 22.5 million shares of common stock through open market purchases. The revised full-year 2026 diluted net income per share guidance of $10.92 to $11.22 includes Valspar acquisition-related amortization expense of $0.82 per share and severance and other restructuring expenses of $0.11 per share, as disclosed in the filing.

What Was Disclosed

Sherwin-Williams reported Q3 2026 consolidated net sales of $6.86 billion, diluted EPS of $3.38, net income of $821.0 million, and adjusted EBITDA of $1.40 billion. The company also revised its full-year 2026 earnings guidance and disclosed $749.0 million in shareholder returns for the quarter.