Sherwin-Williams Q1 Net Sales Jump 6.8% to $5.67B; EPS Up 7.5%
Net sales rose 6.8% to $5.67 billion; diluted EPS rose 7.5% to $2.15 and adjusted EPS 4.4% to $2.35. Net income climbed 6.1% to $534.7 million; EBITDA increased 8.8% to $998.2 million, and full-year EPS guidance was reaffirmed at $10.70–$11.10 GAAP; $11.50–$11.90 adjusted.
1. Consolidated Q1 Results
Sherwin-Williams reported consolidated net sales of $5.67 billion for the quarter ended March 31, marking a 6.8% increase year-over-year. Net income rose 6.1% to $534.7 million, with diluted EPS at $2.15 and adjusted EPS at $2.35, while EBITDA improved 8.8% to $998.2 million (17.6% margin).
2. Paint Stores Group Performance
The Paint Stores Group generated net sales of $3.05 billion, up 3.7%, driven by selling price increases and low-single digit volume growth. Same-store sales rose 2.4%, and segment profit reached $558.8 million with an 18.3% margin, reflecting investments in sales reps and new store openings.
3. Consumer Brands Group Performance
The Consumer Brands Group saw net sales climb 19.2% to $908.3 million, bolstered by the Suvinil acquisition and favorable currency translation despite soft DIY demand in North America. Segment profit increased 49.5% to $197.2 million (21.7% margin), while adjusted segment profit rose 30.8% to $212.8 million (23.4% margin).
4. Guidance and CEO Commentary
Full-year 2026 diluted EPS guidance was reaffirmed at $10.70–$11.10, with adjusted EPS guidance of $11.50–$11.90. Executive leadership highlighted continued sales strength in a challenging environment, margin expansion inclusive of recent acquisitions, and disciplined SG&A management.