Inferra AI / Company / SHW

Sherwin-Williams

SHW · Materials

Last earnings Oct 27, 2026

Key results

Net incomequarter

3.3%

Net income increased 3.3% in the quarter to $833.1 million or 13.1% of Net sales

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Adjusted EPSquarter

$864 million

We grew adjusted EBITDA margin and adjusted diluted earnings per share while returning $864 million to shareholders through share repurchases and dividends during the quarter.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Diluted net incomequarter

$0.20

Diluted net income per share included a charge of $0.20 and $0.19 per share for Valspar acquisition-related amortization expense in the third quarter of 2025 and 2024, respectively.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

In the third quarter of 2025, diluted net income per share also included a charge of $0.04 per share related to severance and other restructuring expenses.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Change Net revenuequarter

20.4%

2 Consumer Brands Group (CBG) Three Months Ended September 30, 2025 2024 $ Change % Change Net sales $ 770.1 $ 790.5 $ (20.4) (2.6) % Segment profit $ 157.3 $ 165.5 $ (8.2) (5.0) % Reported segment margin 20.4% 20.9% Adjusted segment profit (1) $ 179.3 $ 181.4 $ (2.1) (1.2) % Adjusted segment margin 23.3% 22.9% (1) Adjusted segment profit equals Segment profit excluding the impact of Valspar acquisition-related amortization and severance and other restructuring expenses.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Performance Coatings Group (PCG) Three Months Ended September 30, 2025 2024 $ Change % Change Net sales $ 1,750.0 $ 1,720.0 $ 30.0 1.7 % Segment profit $ 240.3 $ 259.7 $ (19.4) (7.5) % Reported segment margin 13.7% 15.1% Adjusted segment profit (1) $ 294.9 $ 308.9 $ (14.0) (4.5) % Adjusted segment margin 16.9% 18.0% (1) Adjusted segment profit equals Segment profit excluding the impact of Valspar acquisition-related amortization and severance and other restructuring expenses.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

AI analysis

Q3 2025 · reported Oct 28, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Adjusted EPS · Q3 2025

$864M

EX-99 · Oct 28, 2025

Diluted net income · Q3 2025

$0.20

EX-99 · Oct 28, 2025

Headline figures

Metric	Q3 2025	Prior qtr	Year ago
Net income	3.3%	—	—
Adjusted EPS	$864 million	—	—
Diluted net income	$0.20	—	—
Change Net revenue	20.4%	—	—

EX-99 · Oct 28, 2025

Guidance · company-stated

Direction: Raised

Revenue

“This full year guidance includes the Suvinil acquisition, which closed on October 1, and which we expect will increase the Company's consolidated net sales by a low-single digit percentage in the fourth quarter, with an immaterial impact to diluted net income per share in the fourth quarter given one-time transaction closing costs and purchase accounting items.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Adjusted EPS$864M

Dividend$2.36B

Dividend$2.13B

We grew adjusted EBITDA margin and adjusted diluted earnings per share while returning $864 million to shareholders through share repurchases and dividends during the quarter.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

We grew adjusted EBITDA margin and adjusted diluted earnings per share while returning $864 million to shareholders through share repurchases and dividends during the quarter

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “This full year guidance includes the Suvinil acquisition, which closed on October 1, and which we expect will increase the Company's consolidated net sales by a low-single digit percentage in the fourth quarter, with an immaterial impact to diluted net income per share in the fourth quarter given one-time transaction closing costs and purchase accounting items.”

Revenue — Raised (“increase”)
“This full year guidance includes the Suvinil acquisition, which closed on October 1, and which we expect will increase the Company's consolidated net sales by a low-single digit percentage in the fourth quarter, with an immaterial impact to diluted net income per share in the fourth quarter given one-time transaction closing costs and purchase accounting items.”

Classified from the release's primary full-year outlook statement.

Capital allocation

We grew adjusted EBITDA margin and adjusted diluted earnings per share while returning $864 million to shareholders through share repurchases and dividends during the quarter.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

LIQUIDITY AND CASH FLOW The Company generated $2.36 billion in Net operating cash and returned cash of $2.13 billion to our shareholders in the form of dividends and repurchases of 4.5 million shares of its common stock during the first nine months of 2025.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

NOTE 6 - DEBT The following table summarizes the Company s outstanding debt: September 30, December 31, September 30, 2026 2025 2025 Long-term debt (including current portion) $ 9,441.5 $ 9,670.8 $ 9,668.6 Short-term borrowings 2,353.6 1,200.5 1,846.9 Total debt outstanding $ 11,795.1 $ 10,871.3 $ 11,515.5 Long-Term Debt The Company s long-term debt primarily consists of senior notes and periodically, amounts borrowed under its credit agreements.

SEC original ↗Sherwin-Williams — 10-Q Quarterly report10-QOct 27, 2026

For further information on the Company s long-term debt, see the Credit Agreements section below and Note 7 to the Consolidated Financial Statements in the Company s Annual Report on Form 10-K for the year ended December 31, 2025.

SEC original ↗Sherwin-Williams — 10-Q Quarterly report10-QOct 27, 2026

Credit Agreements In September 2026, the Company entered into a new 364 -day 100.0 million bi-lateral term loan credit agreement to be used for general corporate purposes.

SEC original ↗Sherwin-Williams — 10-Q Quarterly report10-QOct 27, 2026

At September 30, 2026, the Company classified the borrowing as Long-term debt in the Consolidated Balance Sheets.

SEC original ↗Sherwin-Williams — 10-Q Quarterly report10-QOct 27, 2026

Strategy & priorities

Throughout the quarter, we continued to serve our customers, invest for success, control our costs, take advantage of a unique competitive environment, and execute on our enterprise priorities.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Our strategy continues to resonate with professional painting contractors and manufacturers who are increasingly looking for partners that can provide them with predictability and reliability, said Ms.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

We re focused on providing customers with differentiated solutions that make them more productive and profitable.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

We have a deep and experienced team, we know what works and we re investing in it, and we continue to assess, adapt and control what we can control.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Supply Chain Financing As part of our strategy to manage working capital, we have entered into agreements with various financial institutions that act as intermediaries between the Company and certain suppliers.

SEC original ↗Sherwin-Williams — 10-Q Quarterly report10-QOct 27, 2026

Risks & headwinds

These forward-looking statements are based upon management s current expectations, predictions, estimates, assumptions and beliefs concerning future events and conditions and may discuss, among other things, anticipated future performance (including sales and earnings), expected growth, future business plans and the costs and potential liability for environmental-related matters and lead pigment and lead-based paint litigation.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside our control, that could cause actual results to differ materially from such statements and from our historical results, performance and experience.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Readers are cautioned that it is not possible to predict or identify all of the risks, uncertainties and other factors that may affect future results and that the above list should not be considered a complete list.

SEC original ↗Sherwin-Williams — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Legal Proceedings 43 Item 1A.

SEC original ↗Sherwin-Williams — 10-Q Quarterly report10-QOct 27, 2026

However, periods of economic uncertainty can alter the Company s seasonal patterns.

SEC original ↗Sherwin-Williams — 10-Q Quarterly report10-QOct 27, 2026

Actual costs incurred may vary from the accrued estimates due to the inherent uncertainties involved including, among others, the number and financial condition of parties involved with respect to any given site, the volumetric contribution which may be attributed to the Company relative to that attributed to other parties, the nature and magnitude of the wastes involved, the various technologies that can be used for remediation and the determination of acceptable remediation with respect to a particular site.

SEC original ↗Sherwin-Williams — 10-Q Quarterly report10-QOct 27, 2026

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