Sherwin-Williams reported second-quarter 2026 consolidated net sales of $6.79 billion, up 7.5% year-over-year, and net income of $843.6 million (12.4% of net sales). Diluted net income per share rose 14.3% to $3.43, while adjusted diluted net income per share was $3.70. The company raised full-year adjusted diluted EPS guidance to $11.80–$12.20 and expects full-year net sales to increase mid to high-single digits.

Financial Highlights

  • Revenue (Net sales): $6,789.3 million for Q2 2026, up 7.5% from $6,314.5 million in Q2 2025.
  • Gross profit: $3,338.0 million for Q2 2026; gross margin 49.2% of net sales.
  • Income before income taxes: $1,112.5 million for Q2 2026 (16.4% of net sales).
  • Net income: $843.6 million for Q2 2026; diluted net income per share $3.43 (adjusted diluted EPS $3.70).
  • EBITDA and Adjusted EBITDA: EBITDA of $1,434.8 million and Adjusted EBITDA of $1,458.6 million for the quarter.

Business Highlights

  • Paint Stores Group: Net sales $3,890.0 million in Q2; same-store sales up 4.2% driven by selling price increases and sales volume growth across professional end markets.
  • Consumer Brands Group: Net sales $983.5 million in Q2, up 21.5% year-over-year, aided by the October 2025 Suvinil acquisition and favorable foreign currency translation.
  • Performance Coatings Group: Net sales $1,913.8 million in Q2, up 6.3%, with broad-based gains led by General Industrial and Automotive Refinish.
  • Operational actions: Implemented pricing to offset raw material inflation (including an announced 8% PSG price increase effective Sept. 1) and took restructuring actions projected to generate ~$17 million of annual savings.
  • Capital and cash deployment: Net operating cash improved; returned $1.46 billion to shareholders in the quarter through dividends and share repurchases and had authorization remaining to buy 24.0 million shares at June 30, 2026.

Original SEC Filing:

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