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Earnings Score 45 Bullish

Sherwin-Williams Posts Q1 Growth, Reaffirms 2026 Guidance

Apr 28, 2026 12:32 UTC
SHW
Short term

The paints and coatings giant reported a rise in net income and sales for the first quarter of 2026. The company maintained its full-year earnings outlook, sparking a modest pre-market price increase.

  • Q1 net income increased to $534.7 million
  • Net sales grew to $5.67 billion
  • Adjusted EPS rose to $2.35 from $2.25
  • EBITDA increased to $998.2 million
  • FY26 Adjusted EPS guidance reaffirmed at $11.50 - $11.90

Sherwin-Williams (SHW) delivered a solid first-quarter performance for 2026, characterized by growth across its primary financial metrics. The company reported a net income of $534.7 million, an increase from the $503.9 million recorded during the same period last year. The results reflect steady demand in the coatings sector, with net sales climbing to $5.67 billion from $5.31 billion year-over-year. This growth underscores the company's ability to maintain operational momentum in a competitive market. Earnings per share (EPS) rose to $2.15, compared to $2.00 in the prior year, while adjusted EPS reached $2.35. EBITDA also saw a significant uptick, rising to $998.2 million from $917.7 million. Looking forward, management expects second-quarter net sales to grow in the mid-single-digit percentage range. For the full year 2026, the company projects EPS between $10.70 and $11.10, with adjusted EPS expected to fall between $11.50 and $11.90. Following the announcement, shares of SHW traded 2% higher at $343.05 in pre-market activity on the New York Stock Exchange.

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